GENEVA / WAM An event to promote awareness on the principles of the Human Fraternity Document was held on the sidelines of the 42nd session of the Human Rights Council currently running in Geneva. The Permanent Mission of the UAE to United Nations in Geneva organised the event to define the Document signed by His Holiness Pope Francis, Head of ...

Bloomberg Oil trimmed losses after Saudi Arabia said Iran sponsored recent attacks to its oil production facilities. Futures fell as much as 2.2% in New York before easing declines on Wednesday. The weekend attacks on the kingdom’s critical oil infrastructure were “unquestionably sponsored by Iran,” according to a spokesman for the Saudi defense ministry. West Texas Intermediate crude for October ...

Abu Dhabi / WAM The central bank of the UAE has announced that the Money Supply Aggregate M3 edged up to AED1.632trn in August, from AED1.602trn by the end of 2018. According to bank’s statistics, government’s deposits amounted to AED269bn in August with monetary deposits standing at AED433.6bn and quasi-monetary deposits at AED853.4bn. Issued cash reached AED90.2bn, with currency in ...

WAM / BLOOMBERG Saudi Arabia on Wednesday announced it has joined the International Maritime Security Construct to secure the Mideast’s waterways. The Saudi Press Agency (SPA), quoted a statement by the Ministry of Defence stating that, “The kingdom’s accession to this international alliance comes in support of regional and international efforts to deter and counter threats to maritime navigation and ...

Sharjah / Emirates Business Sharjah FDI Office (Invest in Sharjah), operating under the Sharjah Investment and Development Authority (Shurooq) has collaborated with the US–UAE Business Council to organise business seminars in Durham, North Carolina, and Pittsburgh, Pennsylvania. The objective of the seminars was to shine light on lucrative commercial opportunities Sharjah has on offer for American investors. These events were ...

Dubai / WAM The Khalifa Fund for Enterprise Development (KFED) is showcasing two businesses owned by UAE citizens at the ongoing Hotel Show Dubai 2019. The event is being held at the Dubai World Trade Centre until Thursday. The featured companies ‘National Traders Refreshments’ and ‘Overseas for Water’ are two of the most prominent KFED-supported Small and Medium-sized Enterprises (SMEs), ...

Abu Dhabi / WAM The Abu Dhabi Global Market Arbitration Centre (ADGMAC), has launched a set of Arbitration Guidelines with unique and innovative characteristics that offer parties procedures on the best practices to bring about greater certainty and efficiency to the arbitral process. The guidelines, issued as part of the ADGMAC’s ongoing commitment to raising the level of global arbitration, were ...

Dubai / Emirates Business Early on September 6, a batch of salmon arrived in Dubai in the cargo hold of Emirates flight EK 28 from Glasgow. The shipment of Scottish salmon, destined for restaurants and consumers in the UAE, was the first that was being transported for Seafood Souq, a Dubai based start-up working on transparent and efficient sourcing of ...

Dubai / WAM Months of planning have successfully led to the final piece of Al Wasl dome being lifted into place after an intricate and complex construction operation. The dome’s huge steel crown was positioned at the top of the jewel of the Expo 2020 Dubai site in an inspiring feat of precision engineering, according to a press release issued ...

DHAKA / WAM The Emirates Red Crescent (ERC), continues to provide humanitarian and relief aid to Rohingya refugees in Bangladesh upon the directives of country’s leadership and under the supervision of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the ERC. The distribution of the aid is part of the UAE’s ...