ABU DHABI / WAM Rounding off a year of remarkable accomplishments, Yas Island Abu Dhabi has cemented its place as a world-class destination, sweeping up 34 local, regional and international awards and accolades brought home by its highly popular attractions, as well as its infrastructure projects and developments. Mohammed Khalifa Al Mubarak, Chairman of Miral, said, “As we continue to ...

AMMAN / WAM The UAE, represented by the Telecommunications Regulatory Authority (TRA), has chaired the 24th meeting of the Arab Spectrum Management Group (ASMG), which took place in the Jordanian capital Amman, with participation of 14 Arab countries. The meeting discussed a number of important topics related to preparation for the World Radiocommunication Conference (WRC), as well as other relevant ...

Dubai / Emirates Business Global food sector power brand Gulfood — the world’s largest annual food and beverage trade exhibition — is raising the international industry forum bar for its 24th edition, which will run at Dubai World Trade Centre (DWTC) from February 17-21, next year. Having already won major international acclaim for the breadth and depth of its offering ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued Decree No. 09 of 2018, amending provisions in Resolution No. 03 of 2006 regarding the method applied in selecting the Federal National Council (FNC), representatives. According to the newly issued Decree, published in the latest issue of the Official Gazette, Article 4 (paragraph 1), Article 7, ...

Abu Dhabi / WAM Masdar, the Abu Dhabi Future Energy Company, announced on Wednesday the installation of the first of 13 turbines at the 50 megawatt (MW) Dhofar Wind Farm. Located in the southern Omani governorate of Dhofar, the project is fully financed by Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid. The project ...

Abu Dhabi / WAM The Federal Tax Authority (FTA), announced the completion of all preparations required to implement its ‘Marking Tobacco and Tobacco Products’ scheme. Entering into effect on 1st January 2019, the scheme involves the electronic monitoring of all types of imported, produced and locally-traded cigarettes, from production to consumer, to ensure full compliance with payment of excise tax. ...

Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, and the Ras Al Khaimah Chamber of Commerce and Industry, has signed a Memorandum of Understanding (MoU) to support the local business community, particularly those from the trade and export sectors. The MoU was signed by Mohammed Hassan Al Sabab, Acting Director-General of RAK Chamber, and Massimo ...

Bloomberg A diesel glut in Asia is encouraging traders of the fuel to ramp up cargoes from India to Europe, where stockpiles were ravaged by refinery halts and unusual weather earlier this year. Around 577,000 tonnes of the fuel already arrived this month or are en route to Europe from India’s refineries — whose supplies get sent east or west ...

Bloomberg Hess Corp tumbled the most in almost three years, wiping out $1.5 billion in market valuation, after work at the oil explorer’s most promising international investment was halted by a Venezuelan blockade. The intervention threatened to derail development of a 5 billion-barrel discovery off Guyana’s coastline that is so important to Hess’s future growth plans that it receives top ...

Bloomberg Renewable energy in Germany probably matched or beat coal power generation for the first time, aided by favorable 2018 weather that boosted wind and solar capacity. The balance of German electricity generation is a closely watched measure by the government, which has funnelled billions of euros towards boosting the renewable energy in recent years. The estimates, which showed wind, ...