The resurgence of global economic activity in the first half of 2021 lifted merchandise trade above its pre-pandemic peak, leading WTO economists to upgrade their forecasts for trade in 2021 and 2022, The World Trade Organisation is now predicting global merchandise trade volume growth of 10.8% in 2021 up from 8.0% forecasted in March followed […]Read More
The Abu Dhabi National Oil Company (ADNOC) today announced that, following approval from the UAE Securities and Commodities Authority (SCA), it has increased the number of ordinary shares offered in the Initial Public Offering (IPO) of ADNOC Drilling from 1,200,000,000 ordinary shares to 1,760,000,000 ordinary shares, which equates to 11 percent of ADNOC Drilling’s total […]Read More
flydubai has signed an agreement with the Saudi Ground Services Company, under which the Saudi Company will undertake ground handling services for flydubai in various Saudi airports. The agreement is worth more than AED100 million and stipulates that the Saudi company will provide ground handling services for the Dubai carrier in all the Kingdom’s airports, […]Read More
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
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