ADNOC Logistics and Services (ADNOC L&S) is the largest and most diversified integrated maritime logistics company in the Gulf. The company, which provides logistics, shipping and marine operations, plays a critical role in enabling the UAE’s oil and gas sector and ADNOC’s goal to maximise value from every barrel of oil it produces, processes, ships […]Read More
The price of OPEC basket of thirteen crudes stood at $71.19 a barrel on Wednesday, 8th September, compared with $71.35 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran […]Read More
The Abu Dhabi National Oil Company (ADNOC), in partnership with Fertiglobe, has agreed to the sale of blue ammonia to Idemitsu in Japan, for using it in its refining and petrochemicals operations. The sale builds upon recently announced joint efforts to enhance industrial cooperation between the UAE and Japan and support the development of new […]Read More
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led an official delegation to Bogor for discussions with Indonesia to deepen trade and investment relations. Indonesia is one of eight countries with which the UAE is seeking trading agreements as part of the ‘Projects of the 50’ initiative announced yesterday. During the […]Read More
Demand for hotel room reservations in the UAE is accelerating, supported by five key factors that will soon lead to their near full occupancy. Tourist visas On Monday, the decision to accept tourist visas for people vaccinated with WHO-approved COVID-19 jabs from around the world will take effect. The decision will enable many international tourists […]Read More
Emaar Malls (DFM: EMAARMALLS) recorded an increase in net profit by 80 per cent to AED 622 million (US$ 169 million) during the first six months (January to June) of 2021, compared to a net profit of AED 345 million (US$ 94 million), during the same period in 2020. Revenue for H1 2021 amounted to […]Read More
The Abu Dhabi Department of Energy (DoE), in cooperation with the concerned parties, has approved a new governance framework for charging electric vehicles (EVs) in the emirate. To achieve the Abu Dhabi Government’s strategy to bolster the electric transport sector and its climate ambitions, the framework aims to enhance the integration of the electricity and […]Read More
Dubai Customs launched a comprehensive guide for all the services and facilities it provides to enable traders and businesses, who selected Dubai as their preferred investment destination, to increase their trade and boost their revenues. The guide will be introduced to the participants and exhibitors of EXPO2020 Dubai. Within the national efforts and preparations to […]Read More
ADNOC Distribution on Tuesday reported that its first-half 2021 EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) stood at AED1.53 billion, with net profit of AED1.15 billion. For the second quarter, EBITDA was AED712 million with net profit of AED521 million, according to a press release on Tuesday. The strong results were driven by higher […]Read More
Dubai Airports has urged travellers to stay abreast of the latest travel regulations and plan their journeys as DXB is preparing for what could be the hub’s busiest weekends so far this year. The world’s busiest international airport is expecting to handle more than a million passengers over the next 11 days (August 12-22) with […]Read More
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