VIENNA, The price of OPEC basket of thirteen crudes stood at US$104.85 a barrel on Monday, compared with US$103.89 the previous Friday, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the following: Saharan …
Day: August 30, 2022
Realty, banking blue chips continue to drive UAE markets
ABU DHABI, The UAE financial markets on Tuesday posted gains of around AED4.1 billion in market cap fueled by continued upbeat sentiments at the realty and banking sectors and cash inflows by institutions and individuals alike.Driven by Emaar, Dubai Ge…
AWS launches second Region in UAE at $5 billion investment
ABU DHABI, Amazon Web Services (AWS), an Amazon.com company, today announced the launch of its second Region in the Middle East, the AWS Middle East (UAE) Region.AWS estimates that its projected spending on the construction and operation of the new Reg…
UAE Embassy in Beijing celebrates Emirati Women’s Day
BEIJING- To celebrate Emirati Women’s Day, the Embassy of the United Arab Emirates in Beijing and Tencent Music Entertainment co-hosted an event commending the achievements of Emirati women. The event, which was supported by the Bureau of International…
President welcomes students back to school with inspiring message expressing his pride and urging them to ‘dream big’
ABU DHABI, President His Highness Sheikh Mohamed bin Zayed Al Nahyan has delivered an inspiring audio message to students as the new academic year begins in UAE schools.In his speech, which was broadcast in classrooms across the country this morning, H…
Global CCS Institute opens first regional headquarters at Masdar City
ABU DHABI, Masdar City, the regional home of technology innovation and R&D in Abu Dhabi, has announced the opening of the Global Carbon Capture and Storage (CCS) Institute’s first Middle East headquarters.The opening was attended by the Institu…
UAE relief aid distributed to drought victims in Somalia
MOGADISHU, Following the arrival of a UAE aid ship at the port of Mogadishu, Emirati charity organisations, in collaboration with the Somali Disaster Management Agency and other authorities responsible for distributing relief aid, have begun distributi…
Hub71 accepts 2nd cohort of year as tech community expands in Abu Dhabi
ABU DHABI, Hub71, Abu Dhabi’s global tech ecosystem, has selected its latest cohort of tech startups from a large number of applicants worldwide that chose to setup and scale from the UAE’s capital.For the next two years, the new cohort will participat…
UAE ranked among leading countries on digital lifestyle indexes: TDRA
ABU DHABI, The Telecommunications and Digital Government Regulatory Authority (TDRA) said the UAE was among the world’s leading countries in various digital life indexes, due to the significant advancement of its information and communication technolog…
DMCC welcomes 15 impact-focused companies to Dubai through ‘DMCC Impact Scale-up Programme – Powered by c3’
DUBAI, Dubai Multi Commodities Centre (DMCC), the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced that 15 companies have been selected to participate in the ‘DMCC Impact Scale-Up Programme…
DEWA ranks 3rd most valuable utility brand in the Middle East and 3rd fastest growing brand in the UAE
Dubai Electricity and Water Authority (DEWA) has been ranked the third most valuable utility brand in the Middle East and the third fastest growing brand in the UAE according to the annual report issued by ‘Brand Finance’ for the strongest and most va…
UAE announces 512 new COVID-19 cases, 536 recoveries, no deaths in last 24 hours
ABU DHABI, The Ministry of Health and Prevention (MoHAP) announced that it conducted 346,725 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment.In a statement on Tuesday, the Ministry stressed its aim to …