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Fujairah oil product stocks Rise

Media IN Fujairah, 29th May, 2019 WAM / S & P Platts) According to Fujairah Oil Industry Zone data.  oil products inventories at the Port of Fujairah climbed for a third consecutive week, led by gains in jet fuel and other middle distillates. Middle distillates gained 7 per cent to …

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Careem acquires UAE-based bike share service Cyacle

The new app will be available for iOS and Android as the one in the picture above is used for illustration purpose Media IN Abu Dhabi 29-05-2019 Careem has entered the micro-mobility space with the acquisition of UAE-based company Cyacle. Cyacle which was launched in December 2014 is fully-automated docked …

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UAE ranked 5th in IMD Annual world competitiveness report

Media IN Abu Dhabi 29-05-2019 The UAE is ranked first regionally, and entered, for the first time, the top 5 globally, according to the IMD World Annual Competitiveness Report 2019 released on Tuesday. The Switzerland-based think tank said in its annual report that the UAE jumped from the seventh place …

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UAE non-oil trade reached AED1.628 trillion last year.

Media IN Abu Dhabi, 28th May, 2019 WAM The UAE’s non-oil foreign trade, including direct and free zone trade, and customs warehouses, reached a total of AED1.628 trillion in 2018, announced the Federal Customs Authority, FCA, on Tuesday. The Authority noted in a statement that direct non-oil foreign trade accounted …

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