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Bloomberg Indian stocks were mixed, as investors weighed high valuations and surging coronavirus cases in some parts of the country against optimism that vaccines will soon provide an exit from the pandemic. The S&P BSE Sensex was little changed at 43,924.44 in Mumbai after falling as much as 0.3%, while the NSE Nifty 50 Index also traded flat. After reaching ...
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November, 2020
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18 November
UAE Armed Forces participate in joint military exercise in Egypt
ALEXANDRIA / WAM Units from the UAE Armed Forces are participating in the joint military exercise, entitled, “Saif Al Arab,†held in Egypt and attended by many friendly countries. Dubbed “The Sword of Arabsâ€, the exercise began on Tuesday and will continue until November 26 at the Mohamed Naguib Military Base and other parts of the Northern Military Region. Over ...
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18 November
Global oil demand remains resilient, says Adnoc CEO
ABU DHABI / WAM Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc), has highlighted investment and partnership opportunities in the UAE during a panel session at the Bloomberg New Economy Forum. Speaking during the virtual session titled ‘The Rise of Regional Champions: The Search for ...
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18 November
UAE extends grace period for visa violators till Dec 31
ABU DHABI / WAM The Federal Authority for Identity and Citizenship (ICA), has issued a decision to extend the grace period of exemption for “all violators” of the entry and residence of foreigners law until December 31, 2020. The extension is for those who violated the entry and foreigners’ residence law before March 1, 2020 and will be exempted from ...
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18 November
Abu Dhabi DoE-EAD talk to ensure sustainability
ABU DHABI / WAM The Abu Dhabi Department of Energy, DoE, and the Environment Agency – Abu Dhabi, EAD, held a meeting recently to discuss the progress made by the joint taskforce they had formed to promote collaboration among them to ensure the sustainability of natural ecosystems and preserve the terrestrial and marine environment of the emirate. The taskforce was ...
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18 November
Oil from Russia to US snapped up on Asia’s growing appetite
Bloomberg Physical cargoes of crude oil from Russia, the US and the Middle East were getting snapped up at higher prices as buyers across Asia entered a bidding war to secure supplies. January shipments of Russian ESPO, a favourite among Chinese and Japanese refiners, were sold at a five-month high premium over Dubai prices after spot differentials for Sokol rose ...
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18 November
Dubai-Oman bilateral trade reaches AED 37.9b in 2019
DUBAI / WAM Trade between the Sultanate of Oman, which is the UAE’s second-largest trading partner in the Gulf, and the emirate of Dubai jumped 8.4 percent to AED 37.85 billion in 2019, compared to AED 34.9 billion in 2018. The Dubai-Oman bilateral trade stood at AED 14.85 bn from January to June 2020, according to latest figures released by ...
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18 November
Air Arabia Abu Dhabi starts Muscat flights
ABU DHABI / WAM Air Arabia Abu Dhabi has announced the inauguration of its first flight between Abu Dhabi and Muscat. According to the company, the twice a week service offers greater connectivity and value-for-money options making it easier and more convenient for customers to travel between the two countries. Customers can book their direct flights between Abu Dhabi and ...
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18 November
Al Jaber says UAE continues to attract world-class investors
ABU DHABI / WAM Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc) has highlighted investment and partnership opportunities in the UAE during a panel session at the Bloomberg New Economy Forum. Speaking during the virtual session titled ‘The Rise of Regional Champions: The Search for ...
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18 November
MBRHE gears up for launching 4th Decobuild 2020
DUBAI / WAM Mohammed Bin Rashid Housing Establishment (MBRHE) has started its logistical preparations for launching the 4th edition of The Housing, Building Materials, Decoration & Engineering Consultancy Exhibition, Decobuild 2020, with the precautionary and preventive measures in place to ensure the safety of both exhibitors and visitors. The 4th edition will be held at Elbait Metwahid Hall, Al Warqa`a ...
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