Saturday , December 5 2020

Oil rises to twelve-week high on Covid vaccination optimism

Bloomberg Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the US could be underway within three weeks improved the demand outlook. Markets broadly rallied after AstraZeneca Plc became the latest company to report a vaccine that protects most people from coronavirus. Vaccinations will “hopefully” ...

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Sharjah entities ink deal to support digital shift

SHARJAH / WAM The Sharjah International Airport Free Zone(SAIF Zone), together with Hamriyah Free Zone Authority (HFZA), signed a Memorandum of Understanding (MoU), with the Sharjah Municipality (SM), to support their digital transformation vision, enhance cooperation and upgrade work mechanisms. The MoU is expected to save investors’ time, facilitate, quicken ...

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AquaChemie breaks ground on $40m petchem unit in Jebel Ali

Dubai / Emirates Business AquaChemie Middle East — a leading chemical sales and services company and part of the UAE-based AquaChemie Group — on Monday broke ground on its strategic,world-class petrochemical terminal in DP World’s flagship, Jebel Ali Port, Dubai. The AED 150mn ($40 million) project will serve as a ...

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7 Emiratis graduate from Barakah program

ABU DHABI / WAM Nawah Energy Company, Nawah, the joint venture nuclear operations and maintenance subsidiary of the Emirates Nuclear Energy Corporation (Enec) and Korea Electric Power Corporation (Kepco), recently celebrated the graduation of the first UAE National leaders from its Barakah Nuclear Energy Plant Management Certification program. Nawah has ...

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