Production

DUBAI, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said that the small and medium enterprise (SME) sector is a key pillar of the national economy, and that the UAE continues to g…

ABU DHABI, UAE Ministry of Economy announced that the amended Commercial Companies Law will come into effect on June 1st, 2021, allowing foreign investors and entrepreneurs to establish and fully own onshore companies.The UAE government has recently ad…

SHARJAH, Sharjah Economic Development Department (SEDD) implemented the directives of Sharjah Executive Council regarding the regulation of conducting economic activities through mobile vehicles and trucks in the Emirate of Sharjah. Such thing falls wi…

ABU DHABI, The Abu Dhabi National Oil Company (ADNOC), announced today, an investment of up to $318 million (AED1.16 billion) to connect newly drilled smart wells to the main production facilities at Bu Hasa, which will sustain production capacity of 6…

VIENNA, The price of OPEC basket of thirteen crudes stood at US$66.16 a barrel on Friday, 14th April, compared with US$66.78 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the following: S…

DUBAI, The UAE Federation of the Chambers of Commerce and Industry (FCCI) has signed a Memorandum of Understanding (MoU) with Moldova’s Chamber of Commerce and Industry to form a joint business council for Emirati and Moldovan business owners.The MoU c…

DUBAI, Emaar Properties PJSC announced it has achieved significant increased property sales underscoring investors’ continued confidence in Emaar brand and recovery of Dubai real estate market. During the first quarter (January to March) of 2021, Emaar…

DUBAI, SHUAA Capital (DFM: SHUAA), the leading asset management and investment banking platform in the region, has announced AED25 million Q1’21 net profit.A statement on its financial results for Q1 2021 said SHUAA achieved a 10-year record in quarter…