April, 2021

• 6 April

  Oil dips as Opec+ agrees to ease cuts, India virus cases surge

  

  Bloomberg Oil fell after Opec+ decided to increase output from next month and coronavirus cases in India surged, potentially sapping demand in the world’s third-biggest importer. West Texas Intermediate and Brent dropped around 2.6%, paring gains. Opec+ opted last week to raise production by more than 2 million barrels a day between May and July. Crude has rallied this year ...

  Read More »
• 6 April

  UAE participates in IMF meeting on Covid-19

  ABU DHABI / WAM Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated in the meeting that was held by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), with the governors of the Mena region, Afghanistan and Pakistan on the sidelines of the 2021 IMF/World Bank Spring Meetings. The meeting took place virtually and discussed the ...

  Read More »
• 6 April

  UAE, US commit to jointly tackle climate challenge

  

  ABU DHABI / WAM The UAE and the US announced their joint commitment to tackle the climate challenge in a joint statement that stresses the importance and urgency of raising global climate ambition. Both countries announced their intent to cooperate on new investments in financing decarbonisation across the Mena region and beyond, and to focus on assisting the most vulnerable ...

  Read More »
• 6 April

  Dewa’s efforts support UAE’s sustainable path to prosperity

  

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) continues to achieve the vision of the leadership to build a more sustainable environment and develop long-term solutions for challenges in line with the 17 UN Sustainable Development Goals (SDGs). Dewa adopts the triple bottom line of sustainable development which includes society, the environment, and the economy. This also achieves Dewa’s ...

  Read More »
• 6 April

  Added signs cooperation deal with Masdar

  ABU DHABI / WAM The Abu Dhabi Department of Economic Development (ADDED) has signed a cooperation agreement with Abu Dhabi Future Energy Company (Masdar) on protecting consumers, trademarks, control and inspection of markets within Masdar City Free Zone. The agreement will enhance cooperation between both sides to set up rules and foundations for commercial protection and expanding its scope. The ...

  Read More »
• 6 April

  Etihad Cargo appoints Rom Top Aviation as GSA for Israel

  

  Abu Dhabi / WAM Etihad Cargo, the cargo and logistics arm of the Etihad Aviation Group, selected Rom Top Aviation Ltd as its general sales agent (GSA) for the State of Israel. The appointment comes ahead of the April 6 launch of Etihad’s scheduled twice-weekly Abu Dhabi-Tel Aviv service and as official Israeli government figures point to rising trade with ...

  Read More »
• 6 April

  Covid-19: UAE sees 2,147 new recoveries

  

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 195,573 additional Covid-19 tests over past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out necessary treatment. As part of ...

  Read More »
• 6 April

  VP approves AED30b financial aid to businesses, start-ups

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved the Emirates Development Bank (EDB) Strategy to provide a sizeable AED30 billion financial support to businesses and start-ups in a major step to drive the national economy. Launched to support “Operation 300bn”, the EDB Strategy aims to leverage the Bank’s ...

  Read More »
• 6 April

  Webinar showcases benefits of doing business in Africa

  

  Dubai / WAM Dubai Chamber of Commerce and Industry’s representative offices in Africa organised a webinar in cooperation with Oxford Business Group and the Pan African Chamber of Commerce and Industry, which covered some of the key benefits of doing business in Africa. The virtual event, attended by 163 participants from the UAE and Africa, aimed to familiarise UAE companies ...

  Read More »
• 6 April

  Dubai’s DME launches crude trading platform

  

  DUBAI / WAM Dubai Mercantile Exchange (DME) on Monday announced the launch of Alternative Crude Ecosystem (ACE) — a new bilateral trading platform to enable participants to trade multiple crude grades through the exchange. DME, which is based in Dubai International Financial Centre (DIFC), will make the platform available for all participants and will offer traders the opportunity to trade ...

  Read More »