Economy

The Emirates National Oil Company Group, ENOC, today announced the signing of an evergreen aviation fuel supply agreement with Indian Oil Corporation, IOC, the largest commercial oil and gas company in India. The strategic agreement builds on the strong partnership that ENOC and IOC have fostered over the last two …

Abu Dhabi Securities Exchange, ADX, has announced its particiption at the SALT Conference, a global thought leadership forum that aims to enhance collaboration between finance, technology and geopolitics. The conference, which kicked off on Monday and will run till 11th December, is held in partnership with Abu Dhabi Global Market, …

The Sharjah Chamber of Commerce and Industry organised today a training workshop to introduce its members and employees to the latest rules and terms included in the updated version Incoterms 2020. The training, which was held in collaboration with the International Chamber of Commerce UAE, ICC UAE, and London Institute …

The Expo Centre Sharjah highlighted its participation within the Sharjah Chamber of Commerce and Industry’s fifth trade mission, to Kenya and Uganda. During the visit, the Centre delegation reviewed the essential role and strategic position of the Expo Center regionally and globally, highlighting the most prominent economic and cultural events …

The total number of international tourist arrivals to Dubai and Abu Dhabi increased to 15.88 million during the first nine months of the year, as compared to 15.26 million during the same period last year, according to the Q3 Economic Review issued by the Central Bank of the UAE. Based …

Japan imported 32.24 million barrels of crude oil from the UAE in October, data released by the Agency of Energy and Natural Resource in Tokyo showed. The figure accounts for 37.6 percent of Japan’s total oil imports, which represented the highest amount from one country in the reported month. Arab …

Building on the success of its first Future Economy Lab workshop series, Dubai Economy will bring together public and private sector stakeholders as well as the academia in a second series of discussions centred on three major sectors that holds great promise to Dubai’s economic future – the Gaming Industry, …

The UAE has won a second term for Category B membership of the International Maritime Organization, IMO, Council, following stiff competition with 10 leading countries in maritime trade. The UAE’s win was announced today during the IMO’s 31st General Assembly in London. Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister …

Monitoring fuel prices committee in the country under the chairmanship of Undersecretary of the Ministry of Energy Dr. Matar Hamid Al-Neyadi, in the presence of the members of the Committee today held their regular meeting at the headquarters of the Ministry of Energy to set the fuel prices in the …

The Dubai Islamic Economy Development Centre, DIEDC, signed two Memorandums of Understanding, MoUs, with the Indonesia Halal Lifestyle Centre, IHLC, and the National Islamic Finance Committee, KNKS, on the sidelines of the Indonesia Sharia Economic Festival 2019, appointing the IHLC and the KNKS as strategic partners of the DIEDC in …