ABU DHABI The total value of fund transfers among UAE’s banks through the Funds Transfer System, UAEFTS, rose to AED948 billion during January 2020, according to the UAE Central Bank, CBUAE, figures.

The apex bank noted that the inter bank …

LONDON Petrofac, the international service provider to the oil and gas production and processing industry, has been awarded an engineering, procurement, construction and commissioning, EPCC, contract by Sharjah National Oil Corporation, SNOC.

The contract is worth around US$40 million, Jersey …

ABU DHABI Abu Dhabi Ports announced today the inauguration of ‘Marsa Mina’, the city’s new waterfront lifestyle destination at Zayed Port, heralding the area’s transformation into an entertainment destination for international visitors and the local community.

Developed by Abu Dhabi …

SHARJAH The Sharjah Archaeology Authority, SAA, on Wednesday, inaugurated its first ever awareness campaign, “Archaeology 46,” primarily aimed at highlighting the importance of protecting the archaeological and material heritage of the emirate of Sharjah.

As part of this campaign, several …

ABU DHABI The foreign currency balance of the Central Bank of the UAE jumped to AED400 billion in January 2020, a rise of 1.3 percent compared to AED394.73 billion in December 2019.

The bank’s statistics showed that the increase is …