#US

US Pavilion Expo 2020 Dubai

Expo 2020 Dubai: UAE contributes $60m for US pavilion construction

The construction of the pavilion is expected to be completed by November

UAE foreign minister Sheikh Abdullah bin Zayed arrives in the US to sign peace accord with Israel

The signing ceremony is set to take place on Tuesday

TikTok

Oracle wins deal for TikTok’s US operations

A deal between ByteDance, TikTok’s parent company, and Oracle will look more like a corporate restructuring than an outright sale, sources said

Israel sees $6.5bn in trade as UAE peace talks kick off

On August 13, the countries announced their plan to normalise ties, a first between Israel and a Gulf Arab nation

Israel’s flagship carrier El Al set for unprecedented UAE flight

An Etihad Airways cargo plane from Abu Dhabi made the first known commercial flight between the countries in May with a humanitarian shipment for the Palestinians

Emirates Skywards introduces over 1,500 additional ways to earn Miles

For every GBP1 spent, members can earn up to 15 Miles; and for every $1 spent, members can earn up to 12 Miles

UAE Hope Probe

UAE’s launch kicks off a trio of Mars missions as planet draws close

The UAE launched its mission on Sunday, with the US and China to follow later this month and next

Kuwaiti Emir Sheikh Jaber Al-Ahmad Al-Sabah

Kuwaiti Emir to travel to US to continue medical treatment

The 91-year-old emir had a “successful surgery” in Kuwait earlier this week

Air Products plans $5bn green fuel plant in Saudi Arabia

The project will be located at Neom on the Red Sea coast in northwestern Saudi Arabia

Abu Dhabi City United Arab Emirates

UAE’s Taqa to offer more shares in asset-transfer deal

Taqa has 23 gigawatts of power-generation capacity globally, with assets in Canada, Ghana, India, Iraq, the US and several other countries

Japan’s SMBC Nikko to open branches in Paris, Abu Dhabi

SMBC Nikko’s overseas operations earned $143m before taxes in the year ended March

Oil extends drop with virus milestones spurring demand angst

A surge in cases across the southern and western US is causing states to reinstate measures, threatening the outlook for oil demand

Oil falls again with virus resurgence casting doubt on demand

US gasoline futures tumbled the most in two months amid fears that lockdowns may need to be re-imposed

UAE ranks 19th in FDI confidence index backed by strong investor sentiment

China, Brazil and the UAE were the only three emerging economies that ranked on the index

Oil holds near $42 while investors weigh demand against virus

Brent futures for August settlement gained 3 cents to $42.22 a barrel on the ICE Futures Europe exchange as of 12.03pm in Singapore

Saudi oil exports to US plunge to lowest level in 35 years

The kingdom has exported just one cargo to the US so far in June, equivalent to about 133,000 barrels a day

Second wave virus concerns loom large over crude oil market

While oil has rebounded rapidly since April as OPEC+ production cuts kicked in and US output fell, the rally fizzled last week

Oil falls for a third day with second-wave virus risks in focus

Futures in New York fell below $35 a barrel after losing 8.3 per cent last week

No acquisition by US-based bank, clarifies Dubai lender Emirates NBD

The bank stated that 101,731,408 of its shares were purchased by 254 unique investors on May 28

Abu dhabi uae capital flag

UAE’s non-oil trade totals Dhs1.603 trillion in 2019

The UAE’s non-oil trade in 2019 grew 4.4 per cent from Dhs1.536 trillion in 2018

Oil retreats toward $38 on signs US crude stockpiles expanded

Futures dropped 1.9 per cent in New York, erasing almost all of the gains from the previous session

Saudis make biggest oil price hike in 20 years after OPEC+ cuts

Brent crude, down 36 per cent this year, has clawed back some of its losses and ended trading on Friday at more than $40 a barrel

Brent oil rises past $40 as OPEC+ cut extension looks likely

While crude has now doubled from its low in mid-April, the path back to pre-virus levels of oil demand still looks uncertain

Oil anchored near $33 a barrel amid rising US-China tensions

Oil has surged about 75 per cent this month as pockets of demand return

Oil rises above $30 for first time in two months on output cuts

There’s still a risk, however, that oil’s recovery could be derailed if the pandemic worsens

Gold climbs to seven-year high as Fed warns on US economic growth

Bullion has surged 16 per cent this year as the spread of the virus curbed economic growth

Why Covid-19 is leading to a digital transformation in healthcare

The pandemic will prompt authorities to re-examine the robustness of their healthcare systems, says Damien NG, PhD, Next Generation Research at Julius Baer

Abu Dhabi’s Waha to invest bulk of $200m in US stocks

Waha Capital posted a loss of Dhs616m for 2019

Saudi set to sell 600,000 barrels a day of oil to US in April

The figure marks the highest volume in a year

Court orders Saudi prince to pay Trump organisation $1.8m in rent

Trump Park Avenue sued Prince Faisal bin Abdul Majeed al-Saud last year, claiming he leased an apartment in 2013 but stopped paying rent in early 2017