Abu Dhabi ports have seen a 15.7% increase in non-oil trade during the second quarter of this year. Figures released by the emirate’s statistics centre show a surge in foreign demand for precious metals. It comes as analysts predict GCC economies to grow by 3.4% in 2015. Due to falling oil prices, countries with fewer financial buffers are witnessing problems related to low growth performance. Saudi Arabia and the UAE are less impacted, with strategies under way to promote non-oil trade.
Abu Dhabi partners with Boehringer Ingelheim to advance precision medicine
The Department of Health - Abu Dhabi has signed a strategic partnership with global biopharmaceutical company Boehringer Ingelheim to accelerate research into precision medicine using the emirate's advanced genomics capabilities.
Saudi Aramco resumes oil loading at Ras Tanura after 4-month halt
Saudi Aramco resumed oil loading on Friday at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data from LSEG showed.
Summer Davos ends with call to boost innovation and growth
Global leaders have called for greater investment in innovation, skills and technology to drive economic growth as the World Economic Forum's Annual Meeting of the New Champions concluded in Dalian, China.
ADNOC and partners to develop mega gas project
Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) has awarded the concession for the development and production of the Bab Gas Cap project to ADNOC and a group of international energy partners.
Bank fined AED 20 million for repeated regulatory failures
The UAE Central Bank (CBUAE) has fined a branch of a foreign bank AED 20 million for repeated failures in its anti-money laundering and counter-terrorism financing controls.
Etihad Rail has launched a nationwide campaign inviting the public to nominate the first passenger to travel on its inaugural passenger service when trains begin operating on June 30.
A fire that broke out at the Carpet Souq near Zayed Port in Abu Dhabi on Friday morning has been contained.
The UAE Floating Hospital in Al Arish, Egypt, has successfully carried out four specialised surgeries for patients from the Gaza Strip as part of Operation Chivalrous Knight 3.
