FUJAIRAH / WAM Refined oil product stocks at the Middle Eastern hub of Fujairah rose 2.5 percent in the week to December 9 on the back of increased gasoline and other light distillate stockpiles, according to data released on Wednesday by the Fujairah Oil Industry Zone, FOIZ. Total inventories rose to 21.337 million barrels during the last week, bringing the ...

Bloomberg Saudi Aramco shares surged after the oil producer’s initial public offering, valuing the company at a record $1.88 trillion in the culmination of a four-year effort by the kingdom to list its crown jewel. The stock jumped the daily 10% limit to 35.20 riyals when trading began at 10:30 am in Riyadh as Aramco board members, Saudi officials and ...

Dubai / WAM The United Nations Framework Convention on Climate Change (UNFCCC), Secretariat has selected Dubai to host the inaugural Mena Climate Week 2020. The first of its kind climate event to be held in the region will coincide with Expo 2020 Dubai. The announcement came during a press conference for the Regional Climate Weeks, which took place on the ...

Dubai / Emirates Business marhaba, dnata’s airport hospitality brand, announced further expansion of its international network. The airport services provider will significantly increase the global capacity of its airport lounges by expanding one of its flagship lounges in Dubai (United Arab Emirates), and opening an additional facility in Geneva (Switzerland). The expansion of the UAE lounge will be completed next ...

Dubai / WAM Dubai-based airline, flydubai, on Wednesday celebrated its inaugural flight to Yangon, Myanmar, expanding its network to include Southeast Asia, with the new daily flights being codeshared with Emirates and operating from Terminal 3 at the Dubai International Airport, DXB. Onboard the inaugural flight was a senior delegation led by Sudhir Sreedharan, Senior Vice President, Commercial Operations (UAE, ...

DUBAI / Emirates Business The Human Resources Development Committee in the banking and financial sector adopted the Emiratisation points system in the banking and insurance sectors with the aim of raising Emiratisation targets through creating more than 8,000 jobs for citizens in the two sectors mentioned during the next three years, in implementation of the Emiratisation Decision package recently approved ...

DUBAI / Emirates Business As part of its efforts to keep abreast with latest trends and technologies, Dubai Future Foundation (DFF) has adopted HireVue – a new technology solution that employs artificial intelligence to enhance the process of hiring talents, making the foundation the first government entity in the UAE to embrace advanced technology within human resources management. Azzah Al ...

Geneva / WAM Obaid Salem Al Zaabi, UAE Permanent Representative to the UN in Geneva, stressed that UAE has always been an active partner of the United Nations High Commissioner for Refugees (UNHCR) due to its belief in the latter’s mission and the duties it performs with devotion. In his speech at the UNHCR Pledging Conference 2019, Al Zaabi confirmed UAE’s ...

DUBAI / WAM The World Aviation Safety Summit, which took place in Dubai, displayed new artificial intelligence (AI), technologies, that will help improve safety in the aviation sector. In a session on how new technology can reduce incidents, experts from dnata displayed on stage the ‘Oscar bot’, an Alexa-style solution that can help safety specialists report incidents more efficiently and ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Wednesday inaugurated the 22nd edition of Sharjah Islamic Arts Festival, under the theme, ‘Prospect’ organised by the Cultural Affairs Department at the Sharjah Department of Culture, at the Sharjah Art Museum. The Ruler of Sharjah toured the 31 exhibitions held in ...