Bloomberg Oil investors piled into short positions as oil markets shook off the disruption from attacks on Saudi Arabian oil facilities. Bets that West Texas Intermediate crude prices would decline surged 33%, just before prices briefly dipped below pre-attack levels. Money managers are still net long, according to data released September 27 by the US Commodity Futures Trading Commission, but ...

Bloomberg The company behind a major tourism destination on Saudi Arabia’s Red Sea coast that will include an archipelago of more than 90 islands as well as desert and mountain scenery hopes to award up to $2.7 billion in construction contracts by the end of 2020. “Between now and the end of the year, we hope to award another two ...

ABU DHABI / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE, on Saturday announced a milestone at its new Al Taweelah alumina refinery in Abu Dhabi, with 600,000 tonnes of alumina produced since the company began operations at the new refinery in April. Al Taweelah alumina refinery is expected to produce more than one million tonnes ...

ABU DHABI / WAM 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, and organised by the Education Affairs Office of the Crown Prince Court of Abu Dhabi (Qudwa 2019) announced key government ministers as speakers. With the full agenda released, participating government ...

AJMAN / WAM Ajman Free Zone will participate at this year’s Gitex exhibition by showcasing how its application of new technologies has transformed the customer experience and enabled it to compete on a global scale for business investment. It will also use the event, which takes place on October 6-10 inclusive, at Dubai World Trade Centre, to introduce new methods ...

ABYAN / WAM The 17th mass wedding was organised in Abyan Governorate of Yemen, under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, by the Emirates Red Crescent (ERC), and the follow-up of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in ...

ABU DHABI / WAM Under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has ordered for the exemption of 211 citizens from the repayment of housing loans in Abu Dhabi, with a total value ...

NEW YORK / WAM The United Nations Secretary-General Antonio Guterres received HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and his accompanying delegation. During the meeting, held on the sidelines of the 74th UN General Assembly (UNGA), in New York, Guterres discussed with Sheikh Abdullah ways to enhance joint cooperation between the UAE and ...

Abu Dhabi / WAM In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Dr. Ali Mohammed Shein, President of Zanzibar, the Khalifa Fund For Enterprise Development, has signed a Memorandum of Understanding, MoU, with the Ministry of Finance and Planning of Tanzania ...

Abu Dhabi / WAM The Constellation, a monumental public artwork featuring a dynamic three-dimensional portrait of the late Sheikh Zayed bin Sultan al Nahyan, the Founder of the UAE, clinched The CODA awards 2019 in the “Institutional Category”. The internationally acclaimed award celebrates projects the most successfully integrate commissioned art into interior, architectural, or public spaces. The CODA awards 2019 ...