Daily Archives: June 17, 2020

Fujairah oil products stocks dip amid signs of rebound

FUJAIRAH, Stockpiles of oil products at the UAE’s East Coast port of Fujairah dropped for a second consecutive week amid signs of a rebound in trading. Stockpiles stood at 30.113 million barrels as of 15th June, down 1.3 percent on the week, after falling 0.7 percent a week earlier, data from the Fujairah Oil Industry

Ministry of Finance announces implementation of Procure-to-Pay

ABU DHABI, The Ministry of Finance, MoF, has announced the successful implementation of Procure-to-Pay, P2P, which facilitates the procurement process and e-approval of purchase orders and requests at various federal entities in the country. “Entities can now approve the purchase requests and direct the purchase order to the supplier within minutes – if all the

UAE stocks gain AED11 bn in two sessions

ABU DHABI, Upbeat sentiments triggered by the positive performance of banking and telecommunications companies for the second straight session earned the UAE capital markets around AED11 billion in market cap at the close of Wednesday’s session. At the capital’s bourse, the general index rose 1.1 percent to 4,376 pts. FAB closed at AED11.60, and ADCB

Sharjah Airport welcomes Kenya Airways Cargo

SHARJAH, Sharjah Airport continues to expand its cargo network with Kenya Airways Cargo commencing its schedule operations into Sharjah. Kenya Airways operates twice-weekly cargo service with Boeing 787, connecting Sharjah to Nairobi every Sunday and Wednesday. This new service brings the number of airlines and freighter operators to 22 international and regional and local airlines