ABU DHABI, 22nd April, 2020 (WAM) H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, today chaired a virtual meeting of the Higher Committee for the Water and Electricity Sector in Abu Dhabi. The committee reviewed and addressed several agenda items, including matters relating …
Read More »OPEC daily basket price stood at $14.63 a barrel Tuesday
VIENNA, 22nd April, 2020 (WAM) The price of OPEC basket of thirteen crudes stood at US$14.63 a barrel on Tuesday, 21st April 2020, compared with $14.19 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol …
Read More »American crude .. a historical collapse in the absence of balance between supply and demand
Abu Dhabi April 22, 2020 WAM The contracts for US oil prices, WTI, witnessed a historical decline to reach / – $ 37.63 / barrel below zero, on the last day before the end of the US oil contracts for delivery next May. The historical collapse in oil prices showed …
Read More »Study the possibility of reopening commercial centers, taking into account precautionary measures
Abu Dhabi April 23, 2020 and mother The Ministry of Health and Community Protection and the National Authority for Emergency, Crisis and Disaster Management instructed the local economic authorities to study the possibility of reopening commercial centers in consultation with their private sector partners, taking into account health requirements and …
Read More »Agthia Group shareholders approve 15% cash dividend
ABU DHABI, 19th April, 2020 (WAM) Shareholders of Agthia Group PJSC During the AGM, shareholders approved a cash dividend of 15 percent for an amount of AED 90 million during the 15th Annual General Meeting on Thursday, April 16th, which was held virtually over video conference. Among other approved agenda …
Read More »Abu Dhabi ‘Executive Regulation of Human Resources Law’ released
ABU DHABI, 19th April, 2020 (WAM) The Abu Dhabi Human Resources Authority, HRA, announced on Sunday the release of the ‘Executive Regulation of the Human Resources Law’ in the emirate. According to the Authority, the human resources regulation was released in a bid to provide more “comprehensive and flexible” regulations …
Read More »Pakistan included in G20 debt relief plan
ISLAMABAD, April 16 2020 (WAM) Prime Minister Imran Khan of Pakistan has appreciated the approval of the G20, the International Monetary Fund and the World Bank on reducing the debt burden of Pakistan and developing countries. This came in a press conference held by Pakistani Foreign Minister Shah Mehmood Qureshi …
Read More »Etihad Airways advises on operational status and outlines re-start plans
ABU DHABI, 16th April, 2020 (WAM) Etihad Airways has provided an update on its current and planned operations as travel restrictions remain in place around the world. Subject to UAE government imposed travel restrictions being lifted on passenger travel, Etihad plans to operate a reduced network of scheduled passenger services …
Read More »Saudi Aramco denies making offers to postpone payments related to its sales contracts for crude oil
Dhahran, April 15 2020 WAM Saudi Aramco has denied some media reports about payments related to its sales contracts for crude oil. The company said in a statement issued today from its headquarters in Dhahran, that it had not made any offers to postpone the payments related to its sales …
Read More »ADIO to invest US$100 million in four global AgTech to develop next generation agriculture
ABU DHABI, 9th April, 2020 (WAM) Four agriculture technology (AgTech) pioneers will build new facilities in Abu Dhabi dedicated to developing next generation agriculture in arid and desert agriculture. The Abu Dhabi Investment Office, ADIO, has partnered individually with AeroFarms, Madar Farms, RNZ and Responsive Drip Irrigation, RDI. The partnership …
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