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ABU DHABI/ WAM Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), said that OPEC is in active talks with several nations eager to join the OPEC+ Charter of Cooperation, following the recent accession of the Republic of Brazil. The names of these countries will be announced after the completion of the ongoing consultations, the OPEC ...

DUBAI/ WAM Dubai Electricity and Water Authority (DEWA) is the Sustainable Energy Partner of the World Governments Summit (WGS) 2024, which is taking place from 12th-14th February under the theme ‘Shaping Future Governments’. In a keynote speech titled ‘Global Energy Transitions’, Saeed Mohammed Al Tayer, MD and CEO of DEWA, will talk about the main factors impacting energy markets, effective ...

ABU DHABI/ WAM ADNOC Drilling Company PJSC today announced its financial results for the fourth quarter and full year ending 31st December 2023. Revenue for the full year was US$3.057 billion, up 14 percent year-on-year, while EBITDA for the full year increased by 20 percent to US$1.483 billion with industry-leading EBITDA margin of 49 percent. ADNOC Drilling announced that the ...

ABU DHABI / WAM Etihad Airways, the national airline of the UAE, has published its preliminary traffic statistics for January 2024. The carrier welcomed more than 1.4 million guests onboard and saw its load factor average out at 86.04 percent across the month. “In January 2024 we saw a 35 percent year-on-year growth in customer numbers and were flying to ...

DUBAI / WAM Dubai Multi Commodities Centre (DMCC) has partnered with the Dubai-based artificial intelligence firm Qx Lab AI as it gears up to launch the DMCC AI Centre later this year. Through its ‘Ask Qx’ platform, Qx Lab AI offers generative AI capabilities that can be integrated into services such as online chat functions or used by businesses and ...

DUBAI / WAM Dr Nasser Saleh El-Harbi, senior official from the Yemeni Ministry of Finance, has hailed the World Governments Summit (WGS) 2024 as a pivotal platform for nations to exchange invaluable insights and knowledge. Speaking to the Emirates News Agency (WAM) at the pre-summit day of WGS 2024’s Eighth Arab Fiscal Forum, El-Harbi emphasised the WGS’s role in fostering ...

Dubai / WAM The Ministry of Interior (MoI) and the Ajman Chamber of Commerce and Industry have signed a memorandum of understanding (MoU) to boost institutional performance, as part of their efforts to bolster national partnerships. The signing ceremony took place in Dubai during the first day of the World Governments Summit 2024. The memorandum was signed by Major General ...

DUBAI / WAM Mustafa Yimbab, Advisor to the Minister of Culture, Youth and Sports in Mauritania, confirmed that his country’s delegation raised many of the challenges facing young people in the Arab region, including Mauritania. He noted that the discussions taking place at the World Governments Summit (WGS) 2024 are contributing to finding appropriate solutions to the challenges facing the ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday met with Mathias Cormann, Secretary-General of the Organisation for Economic Co-operation and Development (OECD), on the first day of the World Governments Summit (WGS) 2024. The meeting was held in the presence of HH Sheikh ...

DUBAI / WAM Nanoscale printing, biomaterials, explainable AI (XAI) and next-gen climate technologies are among the potentially world-changing megatrends identified in the second edition of Dubai Future Foundation’s annual report published on Monday. The report, “Navigating Megatrends Shaping Our Future in 2024”, was launched during the first day of the World Governments Summit (WGS) 2024, being held under the theme ...