Dubai Electricity and Water Authority (DEWA) has commissioned three new substations with a conversion capacity of 450 megavolt-amperes (MVA) in addition to 132 kV ground cables that extend on 35 kilometres and are connected to the main transmission network. This is part of DEWA’s efforts to provide electricity and water services according to the highest […]Read More
Abu Dhabi Commercial Bank (ADCB) reported on Sunday a 76 per cent jump in first-half net profit to AED2.524 billion on the back of higher fee income, lower cost of funds and improved cost to income ratio in the second quarter, Khaleej Times reported. The bank said its Q2 net profit surged 14 per cent […]Read More
Etihad Airways on Friday launched new seasonal routes to the Greek island of Santorini and the southern Spanish city of Malaga. The two new routes were introduced a day after Etihad’s new summer service to Mykonos, making it three new destinations launched in just over 24 hours. The inaugural Malaga service, EY148, took off at […]Read More
Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, has held its Annual General Meeting of Shareholders to review its performance and financial statements in 2020, as well as discuss its strategic plans and future projects. The meeting was chaired by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade and […]Read More
RAK Ports has signed a strategic partnership with Danish established Monjasa, a global top ten bunker fuel provider supplying around five million tonnes of oil products every year. Firmly rooted in the Middle East since 2006, Monjasa’s office in Dubai employs 75 specialists covering regional supply operations across the Arabian Gulf and West Africa. With […]Read More
The price of Kuwaiti oil went up by 82 cents to US$74.65 per barrel Wednesday compared to US$73.83 pb the day before, said the Kuwait Petroleum Corporation (KPC) Thursday. The prices of the Brent crude and the West Texas Intermediate, globally, saw an increase with the first going up by 38 cents to $75.19 per […]Read More
DP World, a leading provider of integrated logistics solutions, and the Government of Somaliland, Thursday inaugurated the new container terminal at Berbera Port, following completion of the first phase of the port’s expansion as part of its development into a major regional trade hub to serve the Horn of Africa. The new terminal was officially […]Read More
Dubai Land Department (DLD) has continued its tireless efforts to promote world-class health and safety standards in the emirate’s properties by officially adopting the WELL Health-Safety Rating, in addition to confirming its recommendation to various relevant authorities to implement the programme to prioritise the health and safety of people in various jointly owned properties (JOPs)across […]Read More
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, mat with Hiroshi Kajiyama, Japan’s Minister of Economy, Trade and Industry, to discuss means of developing the economic partnership between the UAE and Japan. They also talked about ways of boosting their mutual trade and investments and facilitating the movement of imports and […]Read More
The price of OPEC basket of thirteen crudes stood at $68.53 a barrel on Monday, 31st May, compared with $68.20 the previous Friday, 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
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