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Bloomberg Oil rose for a fourth straight week, buoyed by optimism over Covid-19 vaccine progress ahead of an Opec+ ministerial gathering next week. Futures in New York advanced 8% this week, despite edging lower. The shape of the oil futures curve firmed over recent sessions with some nearer-dated futures contracts rising above later-dated ones. It’s a sign of how the ...
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November, 2020
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29 November
Dubai Tourism shares positive outlook
Dubai/ WAM The Department of Tourism and Commerce Marketing (Dubai Tourism) hosted a forum for stakeholders and partners to share its industry outlook amid a resurgence in the sector since Dubai’s reopening to international tourists on July 7. The meeting provided insights into the current tourism situation both in the UAE and worldwide and steps taken to accelerate growth momentum ...
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29 November
Abu Dhabi Ports to distribute 70 million Covid-19 vaccines
ABU DHABI / WAM Abu Dhabi Ports is playing a vital role in the global fight against Covid-19 with enhanced logistics capabilities for the storage and distribution of more than 70 million Covid-19 vaccines. Amid an anticipated surge in vaccine logistics demand, Abu Dhabi is cementing its position as the global logistics hub by spearheading the launch of the Hope ...
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29 November
MBR solar park to power 320,000 homes
DUBAI / WAM On its completion, the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, that Dubai Electricity and Water Authority (Dewa) is building, will have the largest energy storage capacity in the world of 15 hours, allowing for energy availability around the clock. This phase will provide clean energy for 320,000 residences and will reduce 1.6 ...
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29 November
UAE-Japan FCW conducts 12th forum meeting
ABU DHABI / WAM The UAE-Japan Friendship Committee for Women (FCW) recently held its 12th forum meeting, under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation. The forum, which supports the empowerment of women in the oil ...
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29 November
RAK Finance Department, Emirates Auction ink pact
Ras Al-Khaimah / Emirates Business The RAK Finance Department signed a partnership with the Emirates Auction, a company in the field of management and organisation of public and online auctions in the Middle East, to organise auctions for selling all RAK Government-owned assets. The agreement was signed at the Department’s headquarters by His Excellency Youssef Ali Mohamed, Director General of ...
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29 November
Dubai Tourism shares positive outlook
ABU DHABI / WAM The Department of Tourism and Commerce Marketing (Dubai Tourism) hosted a forum for stakeholders and partners to share its industry outlook amid resurgence in the sector since Dubai’s reopening to international tourists on July 7. The meeting provided insights into the current tourism situation both in the UAE and worldwide and steps taken to accelerate growth ...
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29 November
UAE highlights penalties over IP address fraud
Abu Dhabi / WAM The UAE Public Prosecution has clarified the penalties for the use of the Internet Protocol (IP) address for committing a crime. In a post on its social media accounts on Saturday, the Public Prosecution defined the IP address as the numerical label assigned to any information technology media participating in computer network which is used for ...
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29 November
Belief in Trump fiction can be worn down by fact
President Donald Trump keeps claiming that the 2020 election was stolen from him, and was replete with fraud. He has spread the false assertion that voting machines made by Dominion Voting Systems Inc deleted millions of pro-Trump votes and shifted hundreds of thousands to his victorious opponent, President-elect Joe Biden. Many Republicans agree that the presidency has been stolen. Polls ...
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29 November
What Janet Yellen doesn’t know
Janet Yellen, President-elect Joe Biden’s reported pick as Treasury secretary, is surely one of the most qualified nominees for the job in history. Not only has she been chair of the Federal Reserve and the White House Council of Economic Advisers, but she also enjoys widespread bipartisan respect, which will benefit her in coming negotiations over Covid relief. The markets ...
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