Oil supplies will pose a bigger issue than demand for global markets in 2024 as some countries struggle with production and investment, the United Arab Emirates energy minister said. Global oil markets are currently balanced, Suhail Al Mazrouei told …
The UAE Is Worried About An Oil Supply Shortage In 2024
According to the UAE, the global oil market is currently balanced, which would suggest OPEC+ is unlikely to change its production quotas any time soon. The CEO of Saudi Aramco made a similar statement earlier this week, suggesting underinvestment in the …
DEWA retrofits 8,000 buildings in Dubai; will launch second nanosatellite this year
Dubai’s efforts in supporting global efforts to combat climate change highlighted Saeed Mohammed Al Tayer addressing the World Government Summit in Dubai on Tuesday. Image Credit: Ahmed Ramzan/Gulf …
Dubai’s government departments to be assessed on future readiness
Dubai has launched the world’s first index that will assess government entities’ future readiness. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, launched the index at the …
UAE Ministry of Finance holds high-level closed session on Climate Finance
DUBAI – During a high-level closed session on Climate Finance at the World Government Summit 2023 (WGS2023), the Ministry of Finance (MoF) and the International Monetary Fund (IMF) discussed the …
Nigeria’s Buhari tells central bank to allocate more dollars to Emirates
Nigerian President Muhammadu Buhari has directed the central bank to increase the amount of foreign currency allocated to Dubai’s Emirates, after the airline suspended flights to and from Nigeria …
UAE central bank programme to accelerate digital transformation
The United Arab Emirates government launches programme to accelerate the digital transformation of the country’s finance sector.
World Bank most concerned in MENA about Lebanon and Tunisia
DUBAI (Reuters) – The World Bank is particularly concerned in the Middle East and North Africa region about Lebanon and Tunisia and, to a lesser extent, Egypt and Jordan, the bank’s vice president for …
Look: Sharjah’s rich mangroves, rugged terrain captured by Deputy Ruler in stunning exhibit
Sharjah, by Sultan Al Qasimi’ features a series of 10 images of the emirate’s cultural landmarks, extraordinary architecture and breathtaking natural landscapes …
You Can Get Fined AED 51,000 (Rs 3.7 Million) for Crossing a Red Light in Abu Dhabi
Abu Dhabi Police has warned motorists against breaking traffic signals, one of the city’s most serious offenses punishable by a fine of up to AED 51,000 …
Peter Andre details his lavish 50th birthday plans as he jets to Dubai with his family
Peter Andre is kicking off his 50th birthday in style with a family trip to Dubai. The Mysterious Girl singer, whose milestone birthday is on February 27, gave fans an insight into his lavish plans …
Dubai Future Foundation unveils ’50 New Future Opportunities’ during World Government Summit 2023
Dubai Future Foundation Unveils 50 New Future Opportunities … including the possibility of generating solar energy in space, the development of Web 3.0 legislation, new tools for detecting fraud, …
Soaring Russian oil imports hit India’s rupee trade plans with the country
New Delhi’s imports from Russia in eight months to November were almost … “Refiners would rather pay in the UAE dirham which is pegged to the dollar,” the BPCL executive said. Spokespersons for …
Mena Fintech Association launches Future of Finance Vertical
Dubai, UAE – The Mena Fintech Association (MFTA) is proud to announce the launch of its highly anticipated Future of Finance (FoF) vertical, aimed at shaping the future of the financial industry in …
47 amazing new bars and restaurants now open in Abu Dhabi
The same can be said for Abu Dhabi’s dining scene, an ever-flowing, every-changing torrent of gastronomy that grows in force with every new inundation. And barely more than a month in, 2023 has …
Abu Dhabi launches programme to boost procurement opportunities for SMEs
The Abu Dhabi Department of Economic Development has launched a programme to help small and medium enterprises secure procurement opportunities from big private and public sector companies.The Abu …
Top10 Software Development Companies in Abu Dhabi 2023
Several businesses are already improving their service offerings through software development, while others are losing ground. Businesses still have time to contact the top software development compan …