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DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) and the Federal Authority for Identity, Citizenship, Customs, and Ports Security (ICP) have launched a campaign to raise awareness about entry and residency laws for foreign nationals, as well as the labour law. The campaign began on October 10 and will run for three months, with various government entities ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Wiliame Katonivere of Fiji on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister  of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin ...

DUBAI / WAM Emirates Global Aluminium and PT Indonesia Asahan Aluminium (Inalum) on Tuesday announced the completion of the start-up of five pilot reduction cells at Inalum’s Kuala Tanjung aluminium smelter upgraded with EGA’s technological know-how. The pilot reduction cells are the first step in a larger planned project to upgrade a further 298 pots in Potlines 1 and 3 ...

SHARJAH / WAM Sheikha Bodour Al Qasimi, Chairperson of the Board of Directors of the Sharjah Research, Technology and Innovation Park (SRTIP) chaired the first meeting of SRTIP’s  Board of Directors. The board, appointed by HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah in Emiri Decree No (48) of 2023, comprises renowned corporate ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) welcomed the secondary listing of a $750 million Green Bond by Abu Dhabi Future Energy Company (Masdar), the global clean energy powerhouse based in Abu Dhabi. The ten-year bond, which was 5.6 times oversubscribed, carries a 4.875 percent coupon rate and will mature in July 2033. It aims to fund new ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and Irakli Garibashvili, Prime Minister of Georgia, on Tuesday witnessed the signing of a Comprehensive Economic Partnership Agreement (Cepa) between the UAE and Georgia. The CEPA aims to double non-oil trade from $481 million to $1.5 billion ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, said that the International Council on Archives (ICA) Congress Abu Dhabi 2023 is a platform that provides an opportunity for specialists, experts, and officials in the archive sector to engage in fruitful discourse on various subjects. “We ...

BLOOMBERG Exxon Mobil Corp is in talks to acquire Pioneer Natural Resources Co, according to a person familiar with the matter, nearing its largest takeover in more than two decades as the energy giant seeks to become the dominant US producer of shale oil. An agreement could be worth as much as $60 billion and may be completed in the ...

BLOOMBERG Shell Plc said its earnings from gas trading rebounded in the third quarter from the dip seen in the prior period. After bumper profits in 2022 resulting from the severe energy market volatility caused by Russia’s invasion of Ukraine, the performance of oil majors’ trading divisions has shifted back toward historical norms this year. Even so, Europe’s appetite for ...

BLOOMBERG European shares rallied after dovish comments by Federal Reserve officials and the prospect of more economic stimulus by China brought some risk appetite back to markets as investors continue to evaluate the potential impact of the Israel-Hamas conflict. Treasuries jumped, catching up with the global government bond rally, when cash trading in the US was closed. The yield on ...