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Covid-19: UAE reports 857 new recoveries

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced on Saturday that it conducted 98,168 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 1,078 new coronavirus cases, bringing the total number of cases in the UAE to 90,618. The ministry also noted an ...

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Oil falls in wake of renewed concerns over virus surge

Bloomberg Oil falls this week amid growing concerns that another wave of the coronavirus pandemic will spark tighter lockdown measures and further stifle crude demand. New York futures edged lower and drop 2.1% on the week. The number of US coronavirus cases rise above 7 million, according to data from Johns Hopkins University. Meanwhile, a second governor tested positive for ...

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Al Dhafra Festival to be held with strict safety measures

Abu Dhabi / WAM The 14th edition of Al Dhafra Festival, the greatest celebration of Bedouin lifestyle, will be held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, from November 5 to January 29, 2021 in Medinat Zayed, Dhafra Region, said the ...

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Jafza, FICC ink deal to accelerate economic and trade relations

Dubai / WAM Jebel Ali Free Zone (Jafza), DP World’s flagship Free Zone and the leading business and logistics hub in the UAE, has entered into a strategic agreement with The Federation of Israeli Chambers of Commerce (FICC), in a concentrated effort to support businesses and encourage economic cooperation. Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, ...

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Dubai fines 14 businesses for violating Covid-19 rules

Dubai / WAM The field inspection teams from the Commercial Compliance & Consumer Protection (CCCP) Sector in Dubai Economy continued its visits and inspection tours across the emirate to ensure commitment to precautionary measures enforced to limit the spread of Covid-19. During tours, Dubai Economy imposed fines on 14 commercial establishments, mainly for employees’ lack of commitment to wearing masks. ...

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Abu Dhabi-Korea Healthcare Week to be held in October

ABU DHABI / WAM Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber of Commerce and Industry, signed a Memorandum of Understanding with Jeong Sun Kyun, Mayor of Gangnam District, South Korea, to develop their strategic partnerships, expand their trade channels, and increase cultural and tourism exchange through the strategic representative office of the Chamber in Gangnam District. The ...

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Dewa receives 10 local, international awards in 2020

Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced that it has received 10 local and international prestigious awards in 2020 so far. Saeed Mohammed Al Tayer, MD & CEO of Dewa, said that Dewa’s success is a result of the visionary leadership who wanted the UAE to be number one globally in all areas. He added that Dewa’s ...

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BP hits 25-year low a week after climate strategy

Bloomberg Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low. Chief Executive Officer Bernard Looney and his new management team gave more than 10 hours of presentations over three days last week, in a bid to show the world that the oil and gas ...

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Topaz set to test Canada energy appetite with IPO

Bloomberg Tourmaline Oil Corp is betting investors have an appetite for more Canadian energy stocks, offering up the biggest initial share sale to come out of Alberta’s oil patch in three years. The Calgary-based natural gas driller is creating a new royalty and energy infrastructure company through an initial public offering of Topaz Energy Corp, with the new entity and ...

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