Bloomberg Oil notched its biggest weekly loss since the depths of the last price crash, as record Saudi output and a global stock sell-off intensified crude’s free fall. Futures slid below $60 in London and ended the week down about 12 percent, the worst showing since January 2016. Traders focussed on the growing risks of a new glut of crude ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) awarded a AED 118 million contract to supply, fit, and commission 26.5 kilometres of water pipelines across Dubai. According to a press statement, the new project will help achieve vital ongoing projects on Dewa’s infrastructure, and increase water flow to meet demand. “This project is a part of our efforts ...

Dubai / Emirates Business His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence (AI), stressed that advanced technology and Artificial Intelligence are key tools for humanity. Al Olama also highlighted the importance of adopting these tools, developing them, and enabling them through flexible legislation in order to govern their usage. This statement was made during Al Olama’s ...

DUBAI / WAM The Emirates Authority for Standardisation and Metrology (Esma) met with the Food and Beverage Industry Group of the Dubai Chamber of Commerce and Industry (DCCI) to develop opportunities for the food industry and facilitate the flow of import and export movement in a way that supports the movement of goods and food commodities and serves the national ...

ABU DHABI / WAM Dr Amal Abdullah Al Qubaisi, Speaker of Federal National Council (FNC), received Li Shi, CEO of Huawei UAE. During the meeting, the two sides discussed the vital role the UAE’s information technology sector plays, and the various innovative initiatives launched under the leadership’s guidance, to employ the sciences and artificial intelligence for a better future, and ...

DUBAI / WAM An average of 4,000 passengers a day cross to Oman from the UAE through the Hatta border crossing which makes it a major land transport node for the UAE, Oman and the rest of the GCC countries. “The crossing dealt with more than one million passengers from January to September this year, and that big number of ...

ABU DHABI / WAM Editors-in-Chief of various local newspapers held a coordination meeting at the Emirates News Agency’s (WAM), headquarters in Abu Dhabi. During the meeting, attendees discussed means of enhancing cooperation and coordination efforts to support the role of the national media sector in highlighting the UAE’s pioneering accomplishments. They also discussed ways to strengthen knowledge exchange and to ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) hosted 200 members of the global investment and financial community at its inaugural investor forum in Abu Dhabi, providing attendees with a deeper understanding of Adnoc’s transformation and delivery, value creation plans, 2030 smart growth strategy and pipeline of new partnership and co-investment opportunities across its value chain. During ...

Abu Dhabi / WAM Abu Dhabi Police (ADP), has set the specifications for decorating vehicles during the UAE’s 47th National Day celebrations, as well as prepared a traffic plan to ensure the safety of pedestrians and drivers alike. According to a statement by ADP, vehicle owners can decorate their cars with appropriate decals from November 25 to December 6. “Drivers ...

Bloomberg A row between Spain and the UK over the British territory of Gibraltar threatened to overshadow a European Union summit aimed at endorsing Theresa May’s Brexit deal. Spanish officials said Prime Minister Pedro Sanchez might not attend the gathering in Brussels on Sunday unless he gets guarantees first about how the disputed territory will be treated after Brexit. It’s ...