Bloomberg Oil slid in New York, reversing two gains of days, as concerns over escalating trade tensions between China and the US overshadowed signs of tighter supply. Futures dropped 1.5 percent. American crude inventories as well as those in the key hub of Cushing, Oklahoma, slipped last week, the American Petroleum Institute was said to report. China’s Ministry of Finance ...

WARSAW / WAM Dr Youssef Issa Hassan Al Sabri, UAE Ambassador to Poland, has discussed with Jerzy Kwiecinski, Minister of Investment and Economic Development of Poland, the distinguished bilateral relations and ways of enhancing cooperation in the economic, trade and investment sectors. This came in line with the embassy plan to boost relations between the UAE and Poland in all ...

DUBAI / WAM The Real Estate Regulatory Agency (RERA) at Dubai Land Department, signed a partnership agreement with Commercial Bank of Dubai (CBD) focusing on offering escrow account management services to Owners’ Association communities in Dubai. The agreement was signed by Marwan Ahmad bin Ghalita, Chief Executive Officer of RERA, and Dr Bernd van Linder, Chief Executive Officer of Commercial ...

Dubai / WAM The digital transformation of international production, coupled with Dubai’s on-going transformation into a knowledge-based economy have reshaped both the source and the composition of the flows of foreign direct investment (FDI) into the emirate. According to Dubai’s Department of Economic Development (DED), the last three years have witnessed investors from the European Union and the United States ...

ADEN / WAM An International Committee of the Red Cross (ICRC) delegation in Aden praised the UAE’s humanitarian, relief and development aid efforts in Yemen’s liberated towns and cities. The delegation’s remarks came during a meeting with Saeed Al Kaabi, UAE Humanitarian Operations Director for Yemen. The delegation included, Michel Atef, ICRC field representative, Marco Ferrarini, ICRC cooperation department representative, ...

ABU DHABI / WAM The Federal Tax Authority (FTA) announced a new campaign as part of its efforts to communicate directly and consistently with businesses. The “Tax Clinic” seeks to increase the number of registered taxable businesses and promote compliance with the timely submission of tax returns and payment of due taxes. The campaign kicks off on August 12, in ...

HODEIDAH / WAM The Emirates Red Crescent (ERC) continued its distribution of humanitarian and relief assistance to underprivileged persons in At Tuhayat District of the Hodeidah Governorate. The UAE aid authority distributed 1,000 food baskets, benefiting some 7,000 residents of At Tuhayat. The move comes in line with the UAE’s aid efforts to support Yemeni citizens, and relieve them from ...

ABU DHABI / WAM The UAE and Turkmenistan held, in Abu Dhabi, the first edition of their joint “Consular Consultations Committee,” chaired by Rashid Al Dhaheri, Director of the Citizens Affairs Administration of the Ministry of Foreign Affairs and International Cooperation, and Altiv Anamurat Kakovinov, Director of the Consular Affairs Administration at the Ministry of Foreign Affairs of Turkmenistan. At ...

DUBAI / SEOUL / WAM Emirates SkyCargo has helped deliver lifesaving medical equipment from Seoul to several countries in Africa. Since 2015, the air cargo carrier has transported over 800,000 units of malaria tester kits and other associated equipment from South Korea to countries including Malawi, Zambia, Tanzania, Zimbabwe and Nigeria. South Korea boasts a world-class health system in terms ...

ABU DHABI / WAM Preparations for the largest editions of the International Defence Exhibition (IDEX 2019), the Naval Defence Exhibition (NAVDEX 2019) and the International Defence Conference are underway, as the Higher Organising Committee met to review arrangements in the run-up to these much-awaited events in Abu Dhabi. Organised by the Abu Dhabi National Exhibitions Company (ADNEC) in collaboration with ...