Oil products stocks jump to record on gains in all categories

, , ,
(Fujairah) - Inventories of oil products at the bunker trading hub of Fujairah in the UAE climbed to a record this week after gains in light, middle and heavy distillates, according to data provided exclusively to S&P Global Platts. Inventories…

UAE braces for most sustainable edition of Expo

, , , ,
(Abu Dhabi) - The UAE’s hosting of the Expo 2020 Dubai will embody its long-term efforts to create solutions that will help achieve environmental sustainability. The international exhibition will showcase the latest innovations, especially…

Agreements between Expo 2020 and Ministries of Interior and Defence

, , ,
(Dubai) - His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of…

Apple takes smartphone sales crown from Samsung

, , ,
(San Francisco) - Apple was the top smartphone seller in the final quarter of last year, seizing the crown from Samsung, according to market trackers. Apple shipped an estimated 73.8 million iPhones during the fourth quarter, driven by the…

Gas field discovered in Sharjah, first in 37 years

, , ,
(Sharjah) - The Sharjah National Oil Corporation and its Italian partner ENI, have announced a successful new discovery of natural gas and condensate onshore at the Mahani field in Sharjah. The discovery at Mahani-1 exploration well, with…

UAE, WEF sign strategic agreement

, , ,
(Davos) - The Government of the UAE has announced the signing of a strategic partnership agreement with the World Economic Forum, WEF, for the next five years in the presence of H.H. Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the…

Gulfood prompts F&B industry to rethink output

, , , ,
(Dubai) - Gulfood, the world’s largest annual food and beverage trade exhibition, will mark its silver anniversary this year by uniting food businesses from six continents to rethink their output in an age of major innovation and evolution…

UAE stocks gain AED6.4 bn in two sessions

, , ,
(Abu Dhabi) - The country's two main bourses maintained their significant gains for the second straight day, with the market cap of the trading companies hitting AED6.4 billion during the two sessions of today and yesterday. Driven by the…

US, China sign 'momentous' trade deal

, , ,
After nearly two years of conflict between the world's two dominant economic powers, the United States and China signed a trade truce, letting businesses around the globe breathe a sigh of relief. US President Donald Trump, who currently…

Masdar launches global 'Youth 4 Sustainability' platform

, , , ,
(Abu Dhabi) - H.H. Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, attended the global launch by Masdar of the Youth 4 Sustainability, Y4S, platform. The…

Mohammed bin Rashid visits World Future Energy Summit

, , ,
(Abu Dhabi) - His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, visited the World Future Energy Summit, held on the sidelines of Abu Dhabi Sustainability Week, ADSW, 2020, at the Abu Dhabi…

Global economy will grow by 2.4pc this year: World Bank

, , ,
(Washington) - Recovery in a handful of countries will boost global growth slightly this year but the outlook is riddled with potential pitfalls that could derail this tepid upswing, the World Bank cautioned. A renewal of trade tensions,…

Erdogan, Putin inaugurate gas pipeline linking Russia, Turkey

, , ,
(Istanbul) - President Recep Tayyip Erdogan and Russian counterpart Vladimir Putin inaugurated a new gas pipeline linking their countries at a ceremony in Istanbul with tensions over Libya and Syria also on the agenda. Erdogan described the…

China starts lifting restrictions on foreign investment

, , ,
(Beijing) - China has started lifting major restrictions on foreign investment in its financial sector, a move long demanded by the United States as the world´s two biggest economies are locked in a fierce trade battle. From the start of…