DP World, the leading global logistics company and provider of smart supply chain solutions, today announced the launch of its new digital compliance and revenue platform, CARGOES Customs. The platform facilitates completely paperless trade easing the flow of the customs process using innovative technology solutions, including an Artificial Intelligence driven risk engine and smart valuation. […]Read More
Masdar, one of the world’s leading renewable energy companies, and ENGIE, a global player in low-carbon energy and services, have signed a collaboration agreement with Fertiglobe, the strategic partnership between OCI N.V. and the Abu Dhabi National Oil Company (ADNOC), and the world’s largest seaborne exporter of urea and merchant ammonia. Under the agreement, the […]Read More
The Abu Dhabi National Oil Company (ADNOC) today announced record investments worth up to almost $6 billion (AED22 billion) to enable drilling growth as it boosts its crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 and drives gas self-sufficiency for the UAE. The announcement was made at the Abu Dhabi […]Read More
Rapid growth of the global hydrogen economy can bring significant geoeconomic and geopolitical shifts giving rise to a wave of new interdependencies, according to new analysis by the International Renewable Energy Agency (IRENA). The ‘Geopolitics of the Energy Transformation: The Hydrogen Factor’ report sees hydrogen changing the geography of energy trade and regionalising energy relations, […]Read More
The value of real estate transactions in Dubai on the first working Friday following the adoption of the new weekly work system in the country exceeded AED2.53 billion, with 227 real estate transactions. The total value of real estate transactions recorded in the first week of the new year exceeded AED7.24 billion, with 1,766 transactions. […]Read More
Abu Dhabi Ship Building (ADSB), the regional leader in the design, new build, repair, maintenance, refit and conversion of naval and commercial vessels, today marked a major milestone in serving the naval and maritime industry in the UAE and beyond for 25 years. ADSB commenced operations with the vision of becoming a trusted naval defence […]Read More
The price of OPEC basket of thirteen crudes stood at $71.61 a barrel on Friday, 3rd December, compared with $70.03 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran […]Read More
The UAE with its abundant solar power has the potential to become an exporter of renewable hydrogen to Europe in the future, a top European Union (EU) official told Emirates News Agency (WAM). “What is important for us, in addition to scaling up renewable hydrogen in the EU, is to create a global hydrogen market […]Read More
The relationship between France and the UAE is based on “friendship, truth, quest and willingness” to build the future, a French minister said on Sunday. “We want to open a new era in the economic cooperation between the two countries. Since we now have a very quick and solid economic recovery, this is time to […]Read More
The price of OPEC basket of thirteen crudes stood at $79.37 a barrel on Thursday, compared with $81.10 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), […]Read More
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