OPEC daily basket price stood at $64.48 a barrel Thursday

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April 16, 20210

VIENNA, The price of OPEC basket of thirteen crudes stood at $64.48 a barrel on Thursday, compared with $63.39 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: …

DEWA adds creative hearing loop to enhance communication with its customers of determination with hearing impairments

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April 15, 20210

DUBAI, Dubai Electricity and Water Authority (DEWA) has developed an innovative solution that enables its people of determination customers with hearing impairments who use hearing aids or cochlear implants equipped with a T-Coil, to use the telepresence system through video …

Abu Dhabi’s Industrial Production Index up in 4Q 2019: SCAD

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March 19, 20200

ABU DHABI, The Industrial Production Index, IPI, in the Emirate of Abu Dhabi increased by 22.6 percent from 100.1 percent in the fourth quarter of 2018 to 122.7 percent in the fourth quarter of 2019, according to figures released by …

Central Bank issues ‘Dormant Account Regulation’

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March 18, 20200

ABU DHABI, The Central Bank of the UAE has announced the issuance of the ‘Dormant Accounts Regulation’. This regulation applies to all banks operating in the UAE.

The purpose of the regulation is to establish a framework for the control …

DDED allows manufacturing and industrial facilities to sell or trade its recycled production waste materials

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March 17, 20200

The Abu Dhabi Department of Economic Development (ADDED), through its Industrial Development Bureau (IDB), has recently issued a resolution that authorizes licensed manufacturing and industrial facilities in the emirate to trade their secondary industrial products, which includes reintroducing them into …

Tabreed shareholders approve 10.5 fils dividend per share for 2019

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March 16, 20200

ABU DHABI, The shareholders of the National Central Cooling Company, Tabreed, have approved a dividend of 10.5 fils per share for the financial year ending 31st December 2019. This represents a 11% increase on the previous year’s pay out, highlighting …

Sharjah records 3% increase in hotel guests in 2019

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March 14, 20200

SHARJAH, The Sharjah Commerce and Tourism Development Authority, SCTDA, revealed that the emirate recorded a three percent growth in the number of hotel guests in 2019 as compared to 2018.

The sector welcomed approximately 1.8 million guests last year with …

Hamdan bin Mohammed launches AED1.5 billion economic stimulus package for the next three months

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March 12, 20200

Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai His Highness Sheikh Hamdan …