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ABU DHABI / Emirates Business The Abu Dhabi National Oil Company (ADNOC) announced that it has signed an exclusive agreement with Penthol, a global organization in the supply and distribution of oil products and petrochemicals, appointing them as exclusive seller of ADNOC’s Group III base oil into the United States of America (USA). In line with its strategy to maximise ...

ABU DHABI / WAM UAE and Swedish minister have discussed prospects of co-operation in innovation, small and medium-sized enterprises, research and development, R&D, as well as smart cities, as trade between the two countries stood at US$1.1 billion in 2016, according to the Ministry of Economy. As well as underlining cooperation between the two countries in these vital sectors, Abdullah ...

ABU DHABI / Emirates Business HE Eng Sultan bin Saeed Al Mansoori, UAE Minister of Economy, discussed ways to further deepen the existing economic and trade ties with the Republic of India during a meeting with a high-level delegation of Indian businessmen and private sector representatives headed Shobana Kamineni, President of the Confederation of Indian Industry (CII). The Minister also ...

ABU DHABI / WAM The UAE stock markets on Wednesday saw a robust rise in the leading shares of the real estate sector at the Dubai Financial Market, with Emaar shares leading at AED7.52, and Etisalat shares registering a significant rise. The largest support for the market came from the Emaar shares that bounced to the level of AED7.52 after ...

DUBAI / WAM Dubai’s trade with Qatar grew 92 percent in the period from 2011 to 2016, reaching AED15 billion last year, according to Sultan bin Sulayem, DP World Group Chairman and CEO and Chairman of Ports, Customs and Free Zone Corporation, PCFC. “The GCC customs union is moving steadily towards a full integration between the GCC countries by supporting ...

SHARJAH / WAM Gulftainer, in conjunction with its logistics subsidiary Momentum Logistics, co-hosted the Sharjah Business Summit with prominent local government entities. The one-day flagship event explored the investment outlook in the Emirate of Sharjah and showcased logistics and supply chain solutions. The event at the Sharjah Chamber of Commerce drew the participation of more than 100 key government stakeholders ...

Dubai / WAM The 17th Airport Show has concluded in Dubai with resounding success with more than 7,200 attendees from aviation industry worldwide. Reflecting a strong confidence in Middle East’s aviation sector and the Airport Show, more than 50 per cent of the exhibitors confirmed their participation for the next year. Reed Exhibitions Middle East, organisers of the Airport Show, ...

Dubai / WAM Aviation leaders and experts highlighted key aviation industry issues, challenges and opportunities for the industry worldwide during a global forum in Dubai, citing oil price, global economy, political unrest and consumer confidence as short-term factors, and technology, urbanisation, economic balance of power and resource scarcity as long-term factors. Uncertain oil price is one of the major concerns ...

MOCHA / WAM The Emirates Red Crescent (ERC), rebuilt 17 houses to several Yemeni families as part of the first phase of reconstruction in Mocha in Taiz Governorate, Yemen, under the framework of a series of rescue and humanitarian aid for the #Year of Giving. After delivering the house keys to the beneficiaries, an ERC official in Aden stressed that ...

Dubai / WAM Hussain Nasser Lootah, Director-General of Dubai Municipality has issued a decree banning the sale and circulation of one-time use phone chargers in Dubai. The decree was issued based on the municipality’s keenness to implement the highest standards of health and safety based on the Local Order No. 10 of 2003 on the technical requirements to be provided ...