Abu Dhabi / WAM The value of the UAE’s trade in aircraft and spaceships amounted to AED28.2 billion ($7.68 billion) in 2019, reflecting its leading position in these sectors in the Gulf Cooperation Council (GCC) and the Middle East, according to the Federal Competitiveness and Statistics Authority. The aviation sector supports the Emirati economy and its GDP contribution is expected ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday that it has entered into an agreement with some of the world’s leading infrastructure investors and operators, sovereign wealth and pension funds. A consortium of investors comprising Global Infrastructure Partners (GIP); Brookfield Asset Management, Singapore’s sovereign wealth fund GIC; Ontario Teachers’ Pension Plan Board, Ontario Teachers; ...

Bloomberg Oil resumed gains, clinging to a three-month high as signs of improving demand buoyed a market momentarily roiled by confusion over US-China trade. Futures in New York rose 0.4% after President Donald Trump said the deal with Beijing was “fully intact” following remarks from a trade adviser that were interpreted as an end to the agreement. After earlier dropping ...

Abu Dhabi / WAM The UAE Fatwa Council praised the decision of the Ministry of Hajj and Umrah of Saudi Arabia to limit this year’s Hajj pilgrimage to Muslims of various nationalities residing in kingdom, to protect safety and health of people and facilitate the pilgrimage. The council stressed that everyone has to follow instructions of government, highlighting its responsibility ...

Bloomberg India has amended rules for purchases by government departments, making it mandatory for suppliers to mention the country of origin in a move to push for local products and keep out Chinese manufacturers. New sellers on Government e-Marketplace, an Amazon-like online procurement platform, will have to register the origin of their products while those already available must meet the ...

Abu Dhabi / WAM Abu Dhabi-based EOS Advanced Technologies on Tuesday unveiled ambitious plans to invest AED200 million in the research and development (R&D) of next generation defence systems for the Middle East and North Africa region throughout the year 2021. During an interview, AbdulRahman Abdullah Al Blooshi, CEO of EOS Advanced Technologies, said, “We are targeting new promising markets ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has reviewed ways of fostering bilateral relations between the UAE and Turkmenistan with Rashid Meredov, Deputy Prime Minister and Foreign Minister of Turkmenistan. In a video call, His Highness Sheikh Abdullah and Meredov discussed boosting joint cooperation in various fields, including ...

ABU DHABI / WAM Emirates Steel on Tuesday announced its continued efforts to support trade and business in the UAE through purchasing local scrap material for use as feed stock in its production process. In a statement Tuesday, Emirates Steel said it is committed along with other steel producers to purchase all local scrap according to international prices. The company ...

Abu Dhabi / WAM The UAE on Tuesday sent an aid plane carrying 11 metric tons of medical supplies to Thailand to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 11,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Saif Abdullah Mohammed Al Shamsi, UAE Ambassador to ...

DUBAI / WAM Dubai International Financial Centre (DIFC Academy) and Thomson Reuters Mena announced that they have entered into a strategic partnership that aims to substantially boost the knowledge of legal technologies and legal research tools, and their use in the region. The partnership will see Thomson Reuters Legal provide a series of online sessions to legal professionals across the ...