Category Archives: Production

OPEC daily basket price stood at $41.22 a barrel Thursday

VIENNA, The price of OPEC basket of thirteen crudes stood at $41.22 a barrel on Thursday, compared with $41.40 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy

Dubai Economy fines 14 businesses, warns five for violating COVID-19 guidelines

DUBAI, The field inspection teams from the Commercial Compliance & Consumer Protection (CCCP) Sector in Dubai Economy continued its visits and inspection tours across the emirate to ensure commitment to precautionary measures enforced to limit the spread of COVID-19. During yesterday’s tours, Dubai Economy imposed fines on 14 commercial establishments, mainly for employees’ lack of

Minister of Industry and Advanced Technology reinforces UAE commitment to coordination and consultation to support joint GCC economic actions

ABU DHABI, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, chaired the virtual meeting of the Industrial Cooperation Committee of the Gulf Cooperation Council today Thursday, 24th September. At the 47th session of the committee, which advances the objectives of the GCC Unified Economic Agreement, Dr. Al Jaber reaffirmed the UAE’s

ADDED identifies 14 new investment areas within Abu Dhabi’s health sector

ABU DHABI: The Abu Dhabi Department of Economic Development, ADDED, has identified 23 industrial areas for investment mainly in the pharmaceutical and medical industries aimed at achieving self-sufficiency in Abu Dhabi’s health sector. Among these investment areas, 14 belong to new industries in the market while the other nine are already existing ones. The identification