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OPEC daily basket price stands at $109.02 a barrel Wednesday

VIENNA, The price of OPEC basket of thirteen crudes stood at US$109.02 a barrel on Wednesday, 11th May, compared with $108.18 the previous day, according to OPEC Secretariat calculation.The OPEC Reference Basket of Crudes is made up of the following: S…

Al Hussaini rings Nasdaq Dubai’s bell to celebrate listing of first Dirham-denominated treasury bonds

DUBAI, Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, today rang Nasdaq Dubai’s market-opening bell to celebrate the listing and circulation of AED1.5 billion as the first Dirham-denominated treasury bonds issued by the UAE Federal …

Hub71 welcomes 16 new startups to its dynamic tech ecosystem

ABU DHABI, Hub71, Abu Dhabi’s global tech ecosystem, has accepted 16 startups to join its growing community as part of accelerating the Emirate’s position as a leading innovation hub.By launching operations in Abu Dhabi, the new startup cohort, which h…

UAE delegation familiarises Indian business community with UAE-India CEPA facets

NEW DELHI, The meetings between an Emirati delegation, led by Abdullah bin Touq Al Marri, Minister of Economy, and the Indian business community began yesterday in India, with a series of interactive sessions.The meetings addressed promising investment…

Abu Dhabi DoE partners with Saskatchewan’s trade ministry on sustainable energy initiatives

ABU DHABI, Abu Dhabi’s Department of Energy (DoE) and the Ministry of Trade and Export Development for the Province of Saskatchewan, Canada, have signed a Memorandum of Understanding (MoU), to collaborate on sustainable energy initiatives.Signed by Awa…

Special Olympics UAE Athletes participate in Malta Invitational Games 2022

ABU DHABI, Special Olympics UAE Athletes are gearing up for participation in the Special Olympics Invitational Games Malta 2022, the first international Special Olympics event in Europe since the beginning of the COVID-19 pandemic. Malta 2022 will run …

Industry leaders explore long-term trajectory of Middle East travel and tourism at ATM 2022

DUBAI, More than 23,000 visitors attended the 29th edition of Arabian Travel Market (ATM) 2022, as industry leaders gathered at Dubai World Trade Centre (DWTC) to share insights into the future of international travel and tourism.”In addition to doubli…

Emirates inks MoU with Jafza to attract new businesses to Dubai

DUBAI, Emirates and Jebel Ali Free Zone (Jafza) have signed a Memorandum of Understanding (MoU) to explore joint cooperation and initiatives targeted at attracting more investments into Dubai by supporting new and existing businesses registered or lice…

Tabreed reports net profit of AED88.2 million during Q1 2022

ABU DHABI, Tabreed, the UAE headquartered and leading international district cooling developer, yesterday released its consolidated financial results for the first quarter of 2022, reporting a net profit of AED 88.2 million – an increase of 3.1 percent…

UAE announces 364 new COVID-19 cases, 252 recoveries, no deaths in last 24 hours

ABU DHABI, The Ministry of Health and Prevention (MoHAP) announced that it conducted 268,888 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment.In a statement on Thursday, the Ministry stressed its aim to…

Dubai Police, international police forces jointly dismantle transnational crime syndicate involved in smuggling cocaine

DUBAI, In an international sting operation, the Dubai Police and police forces of France, Spain, and Colombia have recently dismantled a transnational organised crime syndicate involved in trafficking and smuggling cocaine in shipments of sugar from So…

Dubai Holding Entertainment, Al Jalila Hospital partner to launches Happiness Programme

DUBAI, Dubai Holding Entertainment,in partnership with Al Jalila Children’s Specialty Hospital, the UAE’s first and only hospital dedicated to treating children and adolescents, have yesterday announced the launch of the Happiness Programme to help ins…

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