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Bloomberg Oil rose, reversing earlier declines, as the European Central Bank said it may pump more stimulus into the region’s economy and the Organization of Petroleum Exporting Countries (Opec) and its allies made progress in setting a date to discuss extending supply cuts. Futures gained as much as 4.5 percent in New York. The Organization of Petroleum Exporting Countries and ...

ABU DHABI / WAM The United Arab Emirates drew up to AED111.7 billion in FDI flows during the period from 2016 through 2018, bringing its overall volume of foreign investments to circa AED511 billion. According to the World Investment Report 2019, released by the United Nations Conference on Trade and Development, the UAE ranked 27th globally in attracting FDI flows ...

ABU DHABI / WAM Abu Dhabi-based maintenance, repair and overhaul (MRO) provider, Sanad Aerotech, has announced its expanding its international customers network in Eastern Europe, signing two maintenance agreements with Russian Nordwind and Bulgarian BH Air. The partnership agreements come after Sanad Aerotech and Rolls-Royce announced a landmark $6.5 billion engine maintenance agreement including component repair to operators globally over ...

ABU DHABI / WAM Japan is drastically reforming its defence organisations to deal with new combat situations that require a combination of conventional warfare and the new domains of space, cyberspace and the electromagnetic spectrum, a top Japanese defence official told the Emirates News Agency (WAM) on Monday. There is potential for further defence cooperation with UAE in such new ...

DUBAI / WAM The Mohammed bin Rashid Space Centre (MBRSC), in Dubai announced the start of registrations for its Space Explorer Summer Camp 2019, where four camps will be organised over a four-week period, with 30 participants each. The camp for male students aged 11 to 14 years will be from July 7-11, for female students in the same age ...

Ajman / Emirates Business One million people visited Ajman’s China Mall (Gulf Chinese Trading Corporation) during first quarter of 2019, and the Mall continues to thrive with a 90% occupancy rate. 10% visitors were tourists, with the remainder coming from the emirate itself or the neighbouring emirates. Affordable prices, choice of products and a convenient shopping experience all contributed to ...

Dubai / WAM The ‘Well of Hope’ campaign will provide clean water to over one million people in disadvantaged communities as 21 participating entities across the UAE pledged to dig 150 wells in 34 countries. The initiative is part of the 20-day humanitarian competition, the first of its kind in the region, launched earlier by His Highness Sheikh Mohammed bin ...

Abu Dhabi / WAM Held for the first time in the Middle East region, the Constructsteel Conference 2019 kicked-off on Tuesday in Dubai. The event, sponsored by Emirates Steel and organised by the World Steel Association, worldsteel, saw attendees discuss the future of market segments and disruptors in the construction industry. Held under the theme of ‘The Future of Steel ...

Dubai / WAM Dubai Customs took an active part in the WCO IT/TI Conference and Exhibition in the Azerbaijani capital, Baku. Ahmed Mahboob Musabih, Director-General of Dubai Customs headed the delegation to the conference which took place under the theme “New technologies for SMART borders – New opportunities for Trade, Travel, and Transport” and explored implications of the digital world ...

Abu Dhabi / WAM Pakistani workers coming to work in the UAE will sign an ‘Employment Job Offer’ before the departure from their home country, according to a Memorandum of Understanding (MoU), reached between Pakistan and the UAE. According to the agreement, an Employment Job Offer will be signed by both parties prior to the individual’s departure from Pakistan, to ...