Trading

FUJAIRAH, Jet fuel and other middle distillate stockpiles at the Middle Eastern oil hub of Fujairah jumped 5 per cent over the past week to a new high as of Monday, marking the ninth consecutive weekly advance, with inventories more than tripling since the decimation of air travel in theContinue Reading

ABU DHAB, Abu Dhabi Global Market, ADGM, the International Financial Centre in Abu Dhabi, today announced amendments to its founding law, Abu Dhabi Law No. 4 of 2013 Concerning Abu Dhabi Global Market – the Founding Law. The amendments reflect not only the alignment of ADGM’s framework and operations withContinue Reading

ABU DHABI, Warehouse421, the home-grown arts and design centre dedicated to showcasing and nurturing creative production across the region, has launched the ‘Warehouse421 Project Revival Fund’, to alleviate disruption impacts on the creative industry. In a statement, the arts centre encouraged visual artists, curators, literary creatives, designers and musicians inContinue Reading

ABU DHABI, The Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Federal Authority for Identity and Citizenship (ICA) have briefed ambassadors and consuls accredited to the UAE on the latest developments regarding foreign nationals’ visa fine waivers. This came in a virtual briefing, wherein Major General Saeed RakanContinue Reading

ABU DHABI, The Abu Dhabi Securities Exchange, ADX, was declared the winner of the Best Trading Innovation Excellence – GCC 2020 at the Capital Finance International, CFI, Awards, in recognition of the leading role the exchange has played in innovation by developing a series of initiatives. The CFI Awards seekContinue Reading

ABU DHABI, Global Aerospace Logistics, GAL, today announced that it has signed an agreement with Etihad Airways, the national airline of the United Arab Emirates, to support local jobs and training – enabling Etihad staff to be seconded to GAL. GAL offers aircraft sustainment and servicing solutions for military andContinue Reading

DUBAI, Dubai Economy’s Commercial Compliance and Consumer Protection, CCCP, division announced a decrease in the number of infringement complaints on rights to intellectual property, IP, it has received in the first quarter of 2020, compared with last year. In a statement, Dubai Economy said only 95 IP rights complaints wereContinue Reading

VIENNA, The price of OPEC basket of thirteen crudes stood at US$26.54 a barrel on Friday, 15th May 2020, compared with $24.93 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), ZafiroContinue Reading