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Bloomberg Oil rises after Saudi Arabia boosted the prices of its crude, signalling confidence in the demand outlook despite the spread of the omicron variant of the coronavirus. Futures in New York advanced 2.9% to trade near $68 a barrel. The kingdom increased its oil prices for customers in Asia and the US for January, just days after the Opec+ ...
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December, 2021
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6 December
UAE accounts for 74% of GCC investments in Asean markets
Dubai / WAM The UAE accounted for 74 percent of GCC investments in Asean markets over the last five years, according to a new whitepaper released by Dubai Chamber ahead of the first-ever Global Business Forum (GBF) Asean in Dubai. Conducted by the Economist Intelligence Unit and commissioned by Dubai Chamber, the report, titled ‘Uncharted Territory: Deepening trade and investment ...
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6 December
UAE condemns Houthi attempt to target Saudi’s southern region
ABU DHABI / WAM The UAE has strongly condemned the Houthi terrorist militias’ attempts to target civilians and civil sites in Saudi Arabia’s southern region with explosive-laden drones, which were intercepted and destroyed by the Coalition Forces. In a statement released by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE said recurrent terrorist attacks by the Houthi ...
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6 December
Hub71, Russia’s Sber ink new partnership deal
Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has signed a new partnership with Sber, Russia’s largest commercial bank, providing services to more than 100 million customers and approximately 1 million enterprises and one of the largest digital ecosystem uniting over 60 companies in various industries. Technology companies, startups, ventures and investors in the UAE and Russia will ...
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6 December
Expo 2020 sees 5.66m visits until December 5
DUBAI / WAM Expo 2020 Dubai has seen a staggering 5,663,960 visits until December 5, since it first opened on October 1, with recent figures buoyed by the UAE’s Golden Jubilee festivities and a raft of spectacular sport, music and cultural performances. During October and November, a total of 5,383 government leaders, including presidents, heads of state, prime ministers and ...
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6 December
DMCC, Polish trade agency to boost relations
Dubai / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, signed an MoU with the Polish Investment and Trade Agency (PAIH), an agency that aims to support both the foreign expansion of Polish business and the inflow of Foreign Direct Investment (FDI) into Poland. The signing ceremony took place at the ...
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6 December
UAE’s N-energy industry plays pivotal role in development
ABU DHABI / WAM Despite all the challenges, 2021 has been a remarkable year for the UAE’s nuclear energy industry and the nation’s future as a whole. On the UAE’s fiftieth anniversary, the Emirates Nuclear Energy Corporation (Enec) reflected upon the key initiatives that the country has embarked upon to safeguard the next fifty years. Enec has achieved commercial operations ...
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6 December
Abu Dhabi’s Hub71 signs new partnership with Russia’s Sber
Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has signed a new partnership with Sber, Russia’s largest commercial bank, providing services to more than 100 million customers and approximately 1 million enterprises and one of the largest digital ecosystem uniting over 60 companies in various industries. Technology companies, startups, ventures and investors in the UAE and Russia will ...
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6 December
UAE’s embassy opens in Moroni, Comoros
MORONI / WAM Saeed Mohammed Murshid Al Maqbali, UAE ambassador to the Comoros, has inaugurated the country’s embassy in the capital, Moroni, coinciding with the UAE’s Golden Jubilee. The inauguration ceremony was attended by Moustadroine Abdou, President of the Assembly of the Union of the Comoros; Anbar Darwish, First Lady of the Comoros; several ministers and senior officials, as well ...
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6 December
Enoc to open 14 compact fuel stations across Dubai
DUBAI / WAM Enoc Group, the Official Integrated Energy Partner of Expo 2020 Dubai, announced its partnership with Nakheel to open 14 compact stations across Dubai. The first compact station out of the 14 stations opened at Dragon Mart 2 earlier this month. The compact stations will offer customers accessible and convenient refuelling services. Dragon Mart’s compact station is designed ...
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