Bloomberg Saudi Arabia’s warning to Opec+ cheaters and short-sellers alike helped oil prices stage their biggest weekly rally since June, despite a grim start to the week as industry heavyweights painted a troubling demand picture for the petroleum complex. Futures in New York rise 10% this week following a show of determination by Saudi Arabia, the most influential nation in ...

ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (Adnec), part of ADQ, has acquired the International Exhibition for National Security and Resilience (ISNR Abu Dhabi). The leading conference in Mena region that covers security equipment sector, including device manufacturing and security technology development, will join portfolio of leading international exhibitions organised by Adnec. The acquisition comes as part ...

Abu Dhabi / WAM As the autumn bird migration gets under way, one of the rarest birds in the world has been spotted on the Saadiyat Beach Golf Course in Abu Dhabi by two members of the Emirates Bird Records Committee (EBRC) Oscar Campbell and Simon Lloyd. The bird, a Steppe Whimbrel, Numenius phaeopus alboaxillaris, is an extremely rare sub-species ...

Bloomberg TikTok asked a federal judge in Washington to block the Trump administration from enacting a ban on the fast-growing social-media network. TikTok and its parent company, ByteDance Ltd., filed a complaint challenging the Trump administration’s recent moves to prevent the app from operating in the US. The lawsuit marks the second time TikTok has challenged President Donald Trump’s actions ...

Sharjah / WAM Sharjah Islamic Bank’s (SIB) $500 million sukuk received the ‘Sukuk Deal of the Year 2020’, at the 10th Global Islamic Finance Awards (GIFA). SIB, which enjoys strong investment grade ratings of A- by Standard & Poors, A3 by Moody’s, priced a AED 1.83 billion 5-year sukuk, with a profit rate of 2.85 per cent per annum. The ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) and the National Emergency Crisis and Disasters Management Authority (NCEMA) have announced a set of protocols for regulating social events and gatherings which are aimed at containing the spread of Covid-19 and ensure the highest levels of prevention and safety approved by the health authorities. The protocols set rules ...

Abu Dhabi / WAM The UAE sent a fifth aid plane carrying 13 metric tons of critical medical supplies to Colombia to support the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 13,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Salem Rashid Al Owais, UAE Ambassador to Colombia, ...

Dubai / Emirates Business Emirates has reaffirmed its commitment to growing its operations in Bahrain with the introduction of a second daily flight to the Kingdom. The expanded schedule will offer enhanced connectivity for customers travelling to Dubai and beyond to Emirates’ network of over 85 destinations. The second daily flight will be operated by an Emirates Boeing 777-300ER. Starting ...

ABU DHABI / WAM The Undersecretary of the Abu Dhabi Judicial Department (ADJD) Youssef Saeed Al Abri, launched the “Mezan” project for the calculation of government services costs through the application of the world’s best costing programmes. “Mezan” allows the application of the best global programmes to calculate costs by providing the latest means of data analysis, reporting, statistics and ...

DUBAI / WAM The Commercial Compliance and Consumer Protection (CCCP) sector in Dubai Economy fined five commercial establishments, including retail stores in various shopping centres and gargour outlets in Warsan 3, for lack of employee commitment to wearing masks. No outlet was ordered to be closed during the inspections. Field inspectors from the CCCP also warned 10 establishments for their ...