Islamabad: The World Bank’s Board of Executive Directors approved US$375.9 million in financing for Pakistan’s Grid Stability Enhancement Project, to strengthen its national power transmission network under the Boosting Energy Security through Transmi…

London: Oil prices experienced a decline of 2% at settlement. Brent crude futures decreased by $1.72, or 2.2%, settling at $76.30 per barrel. Meanwhile, US West Texas Intermediate crude futures also fell by $1.44, or 1.96%, closing at $72.08 per barre…

Shanghai: ADNOC Logistics and Services plc (ADNOC L and S) today announced a newbuilding order for an additional four next-generation LNG carriers valued at approximately US$900 million (AED3.3 billion). Each vessel will have a capacity of 175,000 m³,…

Kuala lumpur: Dr. Ali Rashid Al Nuaimi, Chairman of the Defence, Interior, and Foreign Affairs Committee at the Federal National Council (FNC), recently engaged in discussions with Datuk Jonathan bin Yasin, Chairman of the Special Select Committee on …

Abu dhabi: Emirates Global Aluminium (EGA) today announced the restart of alumina production at Al Taweelah alumina refinery in Abu Dhabi. Alumina production is expected to ramp-up to 50 percent of plant capacity within days. EGA expects to have the t…

Montreal: The United Arab Emirates has reinforced its leadership role within the International Civil Aviation Organisation (ICAO) following the election of Eng. Saeed Mohammed Al Suwaidi, the UAE’s Permanent Representative to ICAO, as First Vice-Presi…

London: Burjeel Holdings on Friday celebrated the Market Open Ceremony at the London Stock Exchange (LSE), marking the admission of its inaugural $500 million Sukuk to trading on the International Securities Market. The ceremony was attended by Sheikh…

Brussels: On Thursday, an European Parliament plenary backed talks with the European Council on a digital euro proposal that would offer citizens a secure way to reduce reliance on non-EU providers.

According to Emirates News Agency, with 416 votes …