Abu Dhabi / WAM Louvre Abu Dhabi has welcomed 30,000 visitors, 227 artists and performers and numerous VIPs and official visits during its opening celebrations. The museum was opened to the public on November 11. “Welcoming thousands of visitors to Louvre Abu Dhabi during the opening week has been an honour,” said Manuel Rabate, Director of Louvre Abu Dhabi. “Walking …

DUBAI / Emirates Business Emirates SkyCargo, the freight division of Emirates, has signed an MoU with Dubai CommerCity- the first free zone dedicated to e-commerce in the Middle East and North Africa region located in Dubai. The MoU was signed in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive Officer, Emirates airline and …

Dubai / Emirates Business Dubai Land Department (DLD) has announced that the rental index has been updated for 2018. DLD confirmed that the new update is for all residential, commercial and industrial properties in the Emirate of Dubai. DLD’s specialists have adopted a variety of mechanisms to carry out the upgrade process, including reading the average data of tenancy contracts …

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has stressed that providing high-quality healthcare to the residents of Dubai is a top government priority. Sheikh Hamdan’s remarks came during his inspection visit to the Emergency and Trauma Centre at Rashid Hospital. He was accompanied by …

ABU DHABI / Emirates Business Strata Manufacturing PJSC (Strata), the advanced composite aerostructures manufacturing facility wholly owned by Mubadala Investment Company (Mubadala), has completed delivery of its first set of A350-900 inboard flaps to Airbus. Airbus selected Strata to manufacture the A350-900 inboard flap in 2015. Located along the trailing edge of the wings, the inboard flaps are positioned next …

Dubai / WAM The Mohammed bin Rashid Centre for Government Innovation (MBRCGI), organised a training programme titled “Make the Change” in collaboration with the University of California – Berkeley. Drawing in participants from various federal and local government entities, the programme is part of a series of events and discussions organised by the Centre in collaboration with prestigious academic institutes …

Dubai / Emirates Business The third edition of Dubai Property Show in Mumbai successfully concluded in India. Dubai Land Department’s flagship event registered visitor footfall of 5,108 people and generated enquiries worth AED 1.8 billion. “Indians truly understand the worth of property investment and that’s why they are always enthusiastic about this asset class. The exhibition received a very encouraging …

MUMBAI / NEW DELHI / Reuters India’s state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi’s goal of making the fuel a bigger part of the country’s energy mix. State-owned oil companies – Indian Oil, Bharat Petroleum and Hindustan Petroleum – are planning to raise gas contributions to between …

Bloomberg Short-selling is rearing its head in the oil market again. After bullish bets on Brent crude hit a record and futures surged to two-year highs, hedge funds are pulling back with a sense that the rally reached its limit for now. Wagers on lower prices rose by the most since June as Middle East tensions took a backseat, while …

BEIJING / Reuters Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after a rally in diesel and gasoline prices. Officials at five state-owned oil processors said they are refining and shipping as much product as possible after receiving generous …