Dubai / Agencies Slower growth in oil supply is helping the crude market to re-balance, and prices are set to increase over time, according to the head of the world’s biggest producer. As investments in new oil and natural gas capacity have been being canceled or deferred worldwide, supply is rising more slowly, especially production of U.S. shale oil, ...

  ABU DHABI / Reuters The United Arab Emirates will finalise laws to more heavily regulate the sale of drones and their operations soon, aiming to minimize risks posed by unmanned aerial vehicles, an official at the aviation regulator said on Monday. Dubai International Airport was closed for more than an hour on June 12 due to unauthorized drone activity ...

  ABU DHABI / WAM ADNOC Distribution has been honoured for the second consecutive year with the Brand of the Year distinction at the World Branding Awards 2016 in the National Award category for service stations sector. The title validates the brand’s excellence in the distribution and marketing of petroleum products and allied services within the UAE. Saeed Mubarak Al ...

  DUBAI / WAM The Professional Communication Corporation, Nedaa, a government corporation, has been awarded the contract for integrated wireless communications for Dubai Parks and Resorts. Under the terms of the contract, Nedaa will install an advanced and flexible wireless communications system, which includes 1,000 Airbus wireless devices, a fully integrated Terrestrial Trunked Radio, TETRA, professional mobile radio network, and ...

  DUBAI / Emirates Business Dubai Airport Freezone Authority (DAFZA) recently held a series of seminars in South Korea with the Korean business community as part of its continuing initiative to facilitate trade relations among foreign business communities worldwide and further highlight its latest business developments. The seminar was held in partnership with the Korean Chamber of Commerce and Industry ...

  New York / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of HH the Ruler of Sharjah, and Chairperson of the NAMA Women Advancement Establishment, recently launched a AED10 million NAMA International Women Fund, which seeks to mobilise financial and human resources required to elevate the status of women, and to support programmes for women’s economic and professional empowerment, ...

  Abu Dhabi / WAM Officials from the UAE International Investors Council and the Japan External Trade Organisation (JETRO), on Sunday met to discuss the prospects of signing of a memorandum of understanding to lay the foundation for cooperation in the area of mutual investments. The two bodies will hold more meetings in the near future to further shape their cooperation, ...

  Dubai / WAM The holiday for the Islamic New Year, 1438 Hijri for Federal Ministries and departments will be on Sunday, October, 2. Official duty will resume on Monday, October, 3 according to a circular issued by Dr. Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention and Chairman of the Federal Authority for Government Human ...

  Abu Dhabi / WAM The UAE’s citizens can travel to the Republic of South Korea without the need for a prior entry visa, and can stay for a period not exceeding (90) days, as of September 21, the Ministry of Foreign Affairs and International Cooperation (MOFAIC) has announced. The ministry said that the governments of the UAE and South Korea ...

  Abu Dhabi / WAM The Central Bank of the UAE announced on Monday that a Joint Conference between the United Arab Emirates and the United Kingdom was held on September 20-21 on “Financial Crime & Recovery of the Proceeds of Crime” at the Central Bank in Abu Dhabi, UAE. The Conference was organised by the Anti-Money Laundering and Suspicious Cases ...