OPEC daily basket price stood at US$21.66 a barrel Monday
VIENNA, The price of OPEC basket of thirteen crudes stood at US$21.66 a barrel on Monday, 30th March, 2020, compared with US$24.26 the previous Friday, 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),Continue Reading
Thuraya commits to support COVID-19 Global Humanitarian Response Plan
ABU DHABI, Thuraya, the Mobile Satellite Services subsidiary of the UAE-based global satellite company, Yahsat, has welcomed the launch of the COVID-19 Global Humanitarian Response Plan, HRP, announced by the UN on 25th March. The company says it will use its expertise and apply lessons learned from the 2014-2016 EbolaContinue Reading
Dana Gas to study demerger of its upstream business
SHARJAH, Dana Gas, a regional private sector natural gas company, on Tuesday announced its intention to pursue a feasibility study studying a potential demerger of its upstream business into a new Company, which, as part of the demerger, will also be listed on the Abu Dhabi Stock Exchange, ADX. Currently,Continue Reading
National Takaful Company earns AED13.1 million in net profit in 2019
ABU DHABI, The National Takaful Company, Watania, has announced positive financial results for 2019, as the company’s net profit increased to AED13.1 million, compared to AED9.4 million in 2018. While announcing the financial results of the company, Dr. Ali Saeed bin Harmal Al Dhaheri, Chairman of the Board of DirectorsContinue Reading
UAE evacuates Emirati citizens from several countries amid COVID-19 outbreak
ABU DHABI, In line with directives issued by the country’s top leadership under its close follow-up, the Ministry of Foreign Affairs and International Cooperation, MoFAIC, has taken all necessary measures to evacuate Emirati citizens and their companions abroad, in coordination with UAE embassies and representative missions abroad. MoFAIC and UAEContinue Reading
UAE participates in second virtual meeting for G20 ministers of finance and central bank governors
ABU DHABI, Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated today in the second virtual meeting with G20 ministers of finance and central bank governors, to discuss the next steps to develop and activate the G20 and global financial institutions’ action plan to contain the negative effectsContinue Reading
Global Council for Tolerance and Peace lauds dedication and sacrifices of health authorities
ABU DHABI, The Global Council for Tolerance and Peace lauded doctors, nurses, pathologists, paramedics, and medical researchers as selfless fighters who had to cut themselves off from their own families and loved ones to avoid infecting them with the coronavirus, to save the lives of others, and to race againstContinue Reading
G42 and BGI announce groundbreaking high throughput detection lab to fight COVID-19
ABU DHABI, Group 42, G42, the leading technology company based in Abu Dhabi, and global genomics leader BGI, announced today the launch of a new massive-throughput laboratory built to address the need for population-scale detection and diagnosis of COVID-19 in the United Arab Emirates. The lab is capable of conductingContinue Reading