December, 2022

• 22 December

  UAE gears up to host International Summit of Women 2023 in February

  

  Abu Dhabi / WAM The UAE is preparing to host the International Summit of Women 2023, which will take place in Abu Dhabi on February 21-22, 2023, under the theme “Role of Female Leaders in Establishing Peace and Social Integration, and Driving Prosperity”. The event will be held under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the ...

  Read More »
• 22 December

  Mother of the Nation Festival extended on popular demand

    Abu Dhabi / WAM The Mother of the Nation Festival (Motn) will return with more action, shopping and mouth-watering cuisine from December 23 to January 1. The festival is returning by popular demand, to kick off the festive season in style on the Abu Dhabi Corniche. With new and exciting entertainment in store, visitors can expect more fun, more ...

  Read More »
• 22 December

  Oil surges to two-week high as US crude stockpiles decline

  

  Bloomberg Oil rallied to the highest since early December as US crude inventories decline more than anticipated. West Texas Intermediate futures for February delivery edged above $78 a barrel. US crude stockpiles fall 5.90 million barrels last week, according to an Energy Information Administration (EIA) report on Wednesday. Trading volumes have generally been below average this week ahead of the ...

  Read More »
• 22 December

  Abu Dhabi sets out rules on utility bills, pricing, defaults

  

  Abu Dhabi / WAM Abu Dhabi Department of Energy (DoE) has launched a consumer protection policy to protect the interests of energy and water consumers in the emirate. The policy outlines a regulatory framework and assigns roles and responsibilities to companies that supply energy, water, sewerage, and district cooling services in the emirate. The aim of the new consumer protection ...

  Read More »
• 22 December

  UAE, Morocco discuss strategic cooperation

    Rabat / WAM During an official visit to Morocco, Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, met with Aziz Akhannouch, Prime Minister of Morocco, and several ministers from the Moroccan government. The meeting was attended by Al Asri Saeed Ahmed Al Dhaheri, UAE ambassador to Morocco. At the beginning of the meeting, Dr Sultan Ahmed ...

  Read More »
• 22 December

  Saudi Arabia’s Hassana invests $2.4b in DP World’s UAE assets

  

    Dubai / WAM DP World and the Saudi Arabia-based Hassana Investment Company (Hassana), the investment manager for the General Organisation for Social Insurance (Gosi), which owns one of the world’s largest pension funds, announced on Wednesday an investment of approximately $2.4 billion (AED8.82 billion) in three of DP World’s flagship UAE assets. This sale of a strategic minority stake ...

  Read More »
• 22 December

  Adnoc acquires 24.9% stake in Austria’s OMV from Mubadala

  

    Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) and Mubadala Investment Company (Mubadala) on Wednesday announced a transaction involving OMV AG (OMV), a global energy and chemicals group, headquartered and listed in Vienna, Austria. Under the agreement, Adnoc will acquire a 24.9% shareholding in OMV from Mubadala. Financial details of the transaction are not being disclosed. Upon ...

  Read More »
• 22 December

  Mother of the Nation Festival extended due to popular demand

  

  Abu Dhabi / WAM The Mother of the Nation Festival (Motn) will return with more action, shopping and mouth-watering cuisine from December 23 to January 1. The Motn festival is returning by popular demand, to kick off the festive season in style on the Abu Dhabi Corniche. The region’s ultimate entertainment event will reopen following its wildly popular 10-day run ...

  Read More »
• 22 December

  Publilink receives coveted ‘company of the year award’

  

    Dubai / Gulf Time Al Abbas Group, UAE’s leading business conglomerate held their annual AAG Excellence Awards 2021-22. AAG Excellence Awards is an annual event organised by the Al Abbas Group to recognise and reward employees, across the group, for their performances in various categories. The third edition of AAG Excellence Awards was a glittering event attended by Ebrahim ...

  Read More »
• 22 December

  UAE, Nepal discuss ways to enhance bilateral ties

    KATHMANDU / WAM Abdulla Al Shamsi presented his credentials as the UAE ambassador to Nepal to President Bidhya Devi Bhandari of Nepal, at the presidential palace in the capital, Kathmandu. During the meeting, Al Shamsi conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...

  Read More »