Production

VIENNA, The price of OPEC basket of thirteen crudes stood at $84.62 a barrel on Wednesday, compared with $83.30 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend …

ABU DHABI, The Ministry of Industry and Advanced Technology (MoIAT) in collaboration with the Ministry of Energy and Infrastructure (MoEI) and Schneider Electric today announced the findings of a nationwide assessment of industrial companies that is de…

The Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with the Dubai Free Zones Council (DFZC) on the exchange of information for tax purposes. This comes in line with the ministry’s continuous efforts to ensure the commitment of var…

Dubai Multi Commodities Centre (DMCC) and Ellington Properties have partnered to launch a new AED1.2 billion residential development “Upper House” in Jumeirah Lake Towers (JLT).Launched today, the project, Ellington Properties’ first residential develo…

The Dubai Financial Market (DFM) International Investor Roadshow 2023 in New York has successfully attracted numerous leading global investment institutions. The event conveyed a strong message on the profound confidence of US-based investment internat…

In a Joint Declaration on Climate Action, the United Arab Emirates and the Republic of Korea affirmed that climate change is one of the most important challenges facing the world today, as a result of its negative repercussions on the economic, environ…

Etihad Airways will be introducing two routes this year, connecting Abu Dhabi to Copenhagen in Denmark and Düsseldorf in Germany.Launching on 1st October, the flights will provide business travellers and holidaymakers in the UAE and these key European …

A total of 2,574 real estate transactions worth over AED 8.1 billion were conducted during the week ending 13th January, 2023, according to figures released by the Dubai Land Department (DLD).The DLD data showed that 221 plots were sold for AED 1.18 bi…