Dubai / Emirates Busines The Dubai Gold & Commodities Exchange (DGCX) saw a spike in Indian Rupee (INR) trading in May as the India election came to a close, leading the exchange to record a monthly average open interest (AOI) of 406,203 contracts in the month, its highest AOI since November 2016. Ongoing political tensions across Europe on the back ...

Bloomberg US President Donald Trump terminated India’s designation as a developing nation under a trade program, eliminating an exception that allowed the country to export nearly 2,000 products to the US duty-free. “I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump said in a proclamation. “Accordingly, ...

Dubai / Emirates Business Emirates is gearing up for a big summer in Muscat with the deployment of double daily A380 flights from 1 July. The airline will operate the A380 on EK 862/863 and EK864/865 to and from Muscat International Airport (MCT). Muscat will become Emirates’ shortest scheduled A380 flight, flying a distance of 340 kilometres each way. The ...

Abu Dhabi / Emirates Business Marina Mall Abu Dhabi invites family and friends to celebrate Eid Al Fitr with a host of diverse and exciting activities, offers and entertainment. Shopping enthusiasts are in for a major treat for Eid, as several outlets in the mall will be open for 24 hours on June 5, Wednesday, as part of the Department ...

New York / Emirates Business Signalling a landmark achievement for the UAE publishing sector, the Sharjah Book Authority (SBA) and Ingram’s Lightning Source have signed an agreement to bring the world’s best print-on-demand (POD) service to Sharjah Publishing City Free Zone (SPCFZ). The agreement was signed by HE Ahmed bin Rakkad Al Ameri, Chairman of SBA, and Shawn Morin, President ...

Tokyo / WAM Japan imported from the United Arab Emirates 21.564 million barrels of crude oil in April 2019, data released by the Agency of Energy and Natural Resource in Tokyo showed. This accounts for 23.7 percent of Japan’s total crude imports, the agency that belong to the Ministry of Economy, Trade and Industry, said. Arab oil accounted for 84%, ...

ABU DHABI / WAM Naming the UAE’s capital, Abu Dhabi, as the host of the World Organisation for Animal Health’s sub-regional representation office, confirms the country’s pioneering role to develop intern- -ational standards to ensure the overall public health and the well-being of animals, said Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment. The World Organisation ...

Abu Dhabi / WAM The Abu Dhabi Social Support Authority announced that since launching in January 2019, 3,200 low-income Emirati families have benefitted from phase one of the Abu Dhabi Social Support Programme. The Programme’s core objective is to improve living conditions for low-income Emirati families in Abu Dhabi by providing financial and employability support to partners for family members ...

Abu Dhabi / Emirates Business Etisalat customers will now experience one of the fastest broadband speeds in the region from the comfort of their homes, enhancing their experience while using multiple smart devices at one time. Today Etisalat has raised the benchmark for home entertainment by delivering an incredible 12x greater broadband speed on its advertised entry plan compared to ...

ADEN / WAM The World Health Organisation (WHO) hailed the $20 million grant provided by the United Arab Emirates and Saudi Arabia to fight cholera in Yemen. “The UAE-Saudi financial support is conducive to stopping the outbreak of cholera in the communities most heavily affected by the disease, while helping in building capacities to develop effective and rapid response to ...