May, 2022

• 6 May

  Opec+ sticks to small supply hike as EU eyes Russia oil ban

  

    Bloomberg Opec and its allies once again ratified a small monthly increase in production, even as global markets look set to tighten because the European Union is considering banning supplies from Russia. International consumers have called on Saudi Arabia and its partners to fill the gap left by a boycott of Russian crude and help ease the inflationary pain ...

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• 6 May

  Arabian Travel Market all set to open next week

    DUBAI / WAM Tourism professionals from around the world will return to Dubai next week when Arabian Travel Market, the leading event for the travel industry in the Middle East, returns to the Dubai World Trade Centre on Monday, May 9. The event will welcome more than 20,000 visitors and over 1,500 exhibiting companies during the four-day tourism showcase, ...

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• 6 May

  AD Ports group signs deals for port projects in Egypt

  

    Abu Dhabi / WAM AD Ports Group and the Red Sea Ports Authority signed a Term Sheet and a Head of Terms agreement for major port projects along Egypt’s coastline. The first agreement will see AD Ports Group develop, operate, and manage a multi-purpose terminal in Safaga Port in a consortium with the Red Sea Ports Authority and the ...

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• 6 May

  Adnec to host abundance of leading int’l conferences

  

    Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec), the emirate’s premier event venue, is gearing up to host a wide variety of high-level international conferences throughout 2022. As a key leader in the business tourism industry, Adnec’s hosting of these important and strategic conferences strengthens the reputation of Abu Dhabi as a global business tourism destination and ...

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• 6 May

  UAE Armed Forces’ contributions to nation’s journey will endure over next 50 years, says VP

  

    Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of th UAE and Ruler of Dubai, said the UAE Armed Forces will continue their significant contributions to the nation’s track record of achievements over the coming 50 years and beyond, just as they did over the past five decades. Noting that economic ...

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• 6 May

  Q Holding acquires all shares of Reem Investments Company

  

    Abu Dhabi / Gulf Time Q Holding, a leading investment company in the United Arab Emirates, announced on Thursday its acquisition of Reem Investments Company in exchange for shares to be issued in Q Holding, in efforts to grow its portfolio of investment assets for a total amount of AED 5,942,067,075. HE Abdulla Mohammed Butti Al Hamed, Chairman of ...

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• 6 May

  Emirates takes Dubai’s vision of tomorrow to the skies

    DUBAI / Gulf Time Emirates revealed a new custom A380 livery dedicated to Dubai’s newest architectural icon and centre for pioneering concepts and ideas, the Museum of the Future. The first Emirates A380 (A6-EVK) to sport this exciting new livery, takes flight tomorrow to Los Angeles. As its nine other aircraft siblings roll out of the dedicated Aircraft Appearance ...

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• 6 May

  Arabian Travel Market all set to open next week

  

    DUBAI / WAM Tourism professionals from around the world will return to Dubai next week when Arabian Travel Market, the leading event for the travel industry in the Middle East, returns to the Dubai World Trade Centre on Monday, May 9. The event will welcome more than 20,000 visitors and over 1,500 exhibiting companies during the four-day tourism showcase, ...

  Read More »
• 6 May

  Germany rents ‘LNG hubs’ to cut reliance on Russian gas

  

    Bloomberg Germany signed contracts to charter four floating terminals to import liquefied natural gas in partnership with utilities RWE and Uniper as it races to reduce its energy dependence on Russia. Shipping companies Hoegh LNG and Dynagas will each provide two of the LNG terminals — which together have the capacity to convert at least 20 billion cubic meters ...

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• 6 May

  Britain to get surge of tax payments from Shell, BP

  

    Bloomberg The UK Treasury will get a boost from Big Oil’s tax payments for the first time in years as high energy prices send companies’ profits surging. The payments will come at a time when energy firms are under fire in Britain as their record earnings sit uncomfortably next to soaring cost of living for households. Activists and politicians ...

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