Category: Business

Montreal: The United Arab Emirates has reinforced its leadership role within the International Civil Aviation Organisation (ICAO) following the election of Eng. Saeed Mohammed Al Suwaidi, the UAE’s Permanent Representative to ICAO, as First Vice-Presi…

Abu dhabi: Emirates Global Aluminium (EGA) today announced the restart of alumina production at Al Taweelah alumina refinery in Abu Dhabi. Alumina production is expected to ramp-up to 50 percent of plant capacity within days. EGA expects to have the t…

Kuala lumpur: Dr. Ali Rashid Al Nuaimi, Chairman of the Defence, Interior, and Foreign Affairs Committee at the Federal National Council (FNC), recently engaged in discussions with Datuk Jonathan bin Yasin, Chairman of the Special Select Committee on …

Shanghai: ADNOC Logistics and Services plc (ADNOC L and S) today announced a newbuilding order for an additional four next-generation LNG carriers valued at approximately US$900 million (AED3.3 billion). Each vessel will have a capacity of 175,000 m³,…

London: Oil prices experienced a decline of 2% at settlement. Brent crude futures decreased by $1.72, or 2.2%, settling at $76.30 per barrel. Meanwhile, US West Texas Intermediate crude futures also fell by $1.44, or 1.96%, closing at $72.08 per barre…

Islamabad: The World Bank’s Board of Executive Directors approved US$375.9 million in financing for Pakistan’s Grid Stability Enhancement Project, to strengthen its national power transmission network under the Boosting Energy Security through Transmi…

Rabat: The Board of Directors of the African Development Bank Group approved £205 million in financing for Morocco to support the implementation of the Rail Infrastructure Development Support Project (PADIF). The operation aims to enhance the capacity…

Abu dhabi: Their Highnesses the Supreme Council Members and Rulers of the Emirates have sent separate messages of condolences to H.H. Sheikh Mishal Al Ahmad Al Jaber Al Sabah, Emir of Kuwait, on the passing of Sheikh Ali Humoud Al-Salman Al-Humoud Al-…