May, 2018

• 12 May

  Jafza petchem firms’ trade hits AED16bn

  

  DUBAI / WAM Petrochemical companies operating in Jebel Ali Free Zone (Jafza), the region’s premier business and logistics hub, generated trade worth AED16 billion in 2017. Jafza is home to 526 companies in the sector from 67 countries and will be exhibiting its services in the petrochemical sector at the 10th GPCA Supply Chain Conference in Dubai. Sultan Ahmed bin ...

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• 12 May

  US calls on Qatar to stop funding pro-Iranian militias

  Emirates Business In yet another blow to Qatar and its covert financing to terrorist group aiming to destabilise the region, the Trump administration has called on Doha to stop funding pro-Iranian militias following revelations about the Gulf state’s dealings with terror groups in the Middle East. Securities officials of the United States are concerned about Qatar’s links to a number ...

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• 12 May

  Adnoc loads first oil cargo for India’s ISPRL

  

  ABU DHABI / WAM The historic first cargo of crude oil from the Abu Dhabi National Oil Company (Adnoc), destined for the Indian Strategic Petroleum Reserves Ltd (ISPRL) has, on Saturday, been loaded and is en-route to India. The cargo is the first under an agreement between Adnoc and ISPRL, an Indian government-owned company mandated to store crude oil for ...

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• 12 May

  UAE, China explore trade, tourism opportunities

  GUANGZHOU / WAM Ali Obaid Ali Al Dhaheri, UAE Ambassador to China, has met with Chen Liangxian, Vice-Governor of Guangdong Province, China, in the presence of Rahma bin Abdulrahman Al Shamsi, UAE Consul-General in Guangzhou, China. During the meeting, they discussed the opportunities available between the two countries in the trade, investment and tourism sectors. Liangxian emphasised his province’s keenness ...

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• 12 May

  Britons invest $8.47bn in Dubai real estate

  

  ABU DHABI / WAM British nationals have invested $8.47 billion (AED31.1 billion) in Dubai’s real estate during the last four years (2014-2017), according to the statistics released by Dubai Land Department (DLD). The United Kingdom is one of the largest investment source markets for Dubai’s real estate. Following the Brexit vote in 2016 and subsequent move for separation from European ...

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• 12 May

  Mexico takes first step towards world’s largest annual oil deal

  

  Bloomberg Mexico has taken the first steps in the world’s largest annual oil deal, asking Wall Street banks and other traders for quotes to lock-in its income from production through next year, according to people familiar with the matter. The country has been asking counterparties this week for quotes to hedge output, the people said, asking not to be identified ...

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• 12 May

  Dubai closes gap with world’s most competitive economies

  

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council has stated that Dubai’s rising global rankings in a range of economic indicators show that it is closing the gap with the world’s most competitive economies according to the vision of His Highness Sheikh Mohammed bin Rashid ...

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• 12 May

  African publishing industry has enormous potential for future: Bodour Al Qasimi

  

  LAGOS / WAM Sheikha Bodour bint Sultan Al Qasimi, Founder and President of Emirates Publishers Association (EPA) and Member of the International Publishers Association (IPA) Executive Committee, said that the African publishing industry has enormous potential for the future, including building essential cultural bridges with the rest of the world. Speaking to some of the most influential figures in publishing ...

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• 12 May

  46 countries registered with UAE scheme for halal products

  Abu Dhabi / WAM The UAE Scheme for Halal Products is increasingly gaining ground, with companies from 46 countries now on the list of Halal Certification Bodies registered with the Emirates Authority for Standardisation & Metrology (ESMA). The rate of growth witnessed in the Halal market shows that by 2030, it can be the biggest industry in the world. However, ...

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• 12 May

  ERC provides aid to displaced people in Taiz

  Taiz / WAM The Emirates Red Crescent (ERC), on Saturday offered emergency relief assistance to displaced and forcibly displaced people in Al Qadah, Daba’ and Assafi’yah District, southwest of Taiz, after a survey, conducted last week, to address the needs of displaced persons in those areas. The move, which is part of ERC’s initiatives in the “Year of Zayed”, included ...

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