Arab oil ministers target continued cooperation

June 4, 2018 7:53 am0 comments

Opec, Russia and several other producers agreed to cut output by about 1.8mbd starting from January 2017 04-06-2018 Monday, Riyadh: The Organisation of Petroleum Exporting Countries (Opec) and non-Opec Arab oil ministers stressed the need for continued cooperation between oil producers who are part of a pact for a global […]

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Abdullah visits Canadian Space Agency

June 1, 2018 7:30 am0 comments
Abdullah visits Canadian Space Agency

Abdullah lauds Canadian space programme, expresses UAE’s interest in cooperation Montreal, June 1- Shaikh Abdullah Bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, visited the office of the Canadian Space Agency (CSA) in Quebec as part of his official visit to Canada. Shaikh Abdullah listened to a […]

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HSBC’s Saudi unit to buy RBS venture in $5b stock deal

May 17, 2018 7:56 am0 comments

A merger would be Saudi Arabia’s first bank combination for almost 20 years 17-05-2018 Thursday, Dubai, Riyadh: HSBC Holding Plc’s Saudi Arabia unit offered to pay a 29 per cent premium to acquire Royal Bank of Scotland Group Plc’s local venture in a $5 billion (Dh18.3 billion) stock deal. In the […]

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Maersk Tankers to wind down customer agreements in Iran

7:50 am0 comments
Maersk Tankers to wind down customer agreements in Iran

Maersk Tankers operates 161 product tanker vessels worldwide 17-05-2018 Thursday,  COPENHAGEN: Danish oil product tanker operator Maersk Tankers said on Wednesday it would wind down its customer agreements in Iran by November following new US sanctions on Tehran. “We will perform customer agreements entered into before May 8 and ensure […]

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UAE tops commodity trade index

May 16, 2018 7:43 am0 comments

Digitisation to bridge $1.5tr global trade finance gap, DMCC predicts 16-05-2018 Wnesday, Dubai: Dubai tops the world commodity index unveiled in London on Tuesday as part of Dubai Multi-Commodities Centre’s (DMCC) Future of Trade report. The index is based on a country’s location and trade partnerships, its resource endowment, and […]

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Flights delayed as dust storm sweeps UAE

May 14, 2018 7:54 am0 comments
Flights delayed as dust storm sweeps UAE

Some UAE travellers face delays as dust storm continues on Sunday afternoon 14-05-2018 Monday, Dubai: Blowing dust sweeping through UAE on Sunday caused some slight travel delays and flight disruptions at the airports. As of 2:20pm, more than 30 inbound and outbound flights at Dubai International Airport were delayed, and […]

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