OPEC talks in Algeria next week will be a consultation with no target to reach a decision. Speaking at an energy event in Fujairah, the UAE’s energy minister urged other members to approach the proceedings with caution. His Excellency Suhail Mohamed Faraj Al Mazrouei suggested a long-term decision was needed, not “a quick solution that is not going to last”.
FNC proposes Euro-Mediterranean and Gulf AI hub at economic forum
The UAE's Federal National Council (FNC) has proposed the creation of a Euro-Mediterranean and Gulf artificial intelligence hub to boost investment, research and cooperation in one of the world's fastest-growing sectors.
UAE calls for stronger Euro-Mediterranean, Gulf cooperation
Federal National Council Speaker Saqr Ghobash has called for closer economic and parliamentary cooperation between Euro-Mediterranean and Gulf countries to help address rapid technological and economic change and support sustainable development.
Dubai's DGCX to launch region’s first Gold Spot T+0 Contract
The Dubai Gold and Commodities Exchange (DGCX) is set to launch a new same-day gold trading contract on Monday, June 22, in a move aimed at making physical gold transactions faster and more efficient.
AD Ports launches new logistics link between UAE and Iraq
AD Ports Group has launched integrated logistics services connecting Khalifa Port with Umm Qasr Port in Iraq, reinforcing commitment to enhancing regional connectivity and supporting existing trade corridors.
Kuwait plans to boost oil output to 2 million bpd in a week
Kuwait Petroleum Corporation (KPC) has plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO, Sheikh Nawaf Saud Al-Sabah.
Dubai Humanitarian has facilitated a third emergency aid airlift to support efforts to contain the Ebola outbreak in the Democratic Republic of the Congo.
His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council, has honoured more than 100 UAE media organisations, media professionals and content creators for their role in enhancing trust and fostering national unity during recent regional developments.
Rest areas will be provided for delivery riders at select bus and metro stations across Dubai to support them during the UAE's mid-day break.
