Business

UAE and Italy discuss strengthening bilateral trade

Etihad Credit Insurance (ECI), the UAE International Investors Council (UAEIIC), Dubai Exports, the Italian Trade Agency (ITA) and Confindustria, Italy’s largest industrial confederation, discussed cooperation in various areas, including increasing exports, foreign direct investment (FDI) and support for trade finance between the UAE and Italy. This high-level discussion is in …

Read More »

Dubai Aerospace orders 15 Boeing 737 MAX aircraft for $1.8 billion

Dubai Aerospace Enterprise (DAE) announced Tuesday that it has reached an agreement to acquire 15 Boeing 737 MAX 8 aircraft. The order is valued at approximately US$1.8 billion at list prices. DAE Managing Director Firoz Tarapore said, “We are excited to deepen our already strong relationship with Boeing. Including this …

Read More »

Caresoft Global has announced its investment with the automotive cluster at Ras Al Khaimah Economic Zone to meet growing demand from regional customers

Ras Al Khaimah Economic Zone (RAKEZ) has recently commercialized another renowned company, Caresoft Global, to its portfolio of growing companies. Caresoft Global is a global company specializing in automotive benchmarking and engineering solutions related to product development, cost optimization, and manufacturing process engineering. The company occupies a 7,300 m2 facility …

Read More »

OPEC’s daily average price is $64.53 per barrel

  The price of the OPEC basket of thirteen crudes stood at US$64.53 a barrel on Wednesday, May 28th, 2021, compared to $63.91 the previous day according to calculations by the organization. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno …

Read More »