Entities can now direct purchase order to supplier in minutes
The Ministry of Finance (MOF) building in Bur Dubai. MoF on Wednesday announced the implementation of Procure-to-Pay (P2P), which facilitates the procurement process and e-approval of purchase orders and requests...
Smart Dubai announces Network International as the newest partner to join the project
Dr Aisha Bint Butti Bin Bishr, Director General of Smart Dubai. Smart Dubai announced on Wednesday that it has onboarded a new partner in the joint Retail...
Virtual convening highlighted need to ensure global energy supplies as economies reopen
Dr. Sultan Ahmed Al Jaber, UAE Minister of State and group CEO of the Abu Dhabi National Oil Company (Adnoc) hosting the special virtual edition of the Abu...
Aramco will pay Saudi Arabia's sovereign wealth fund in several installments
Saudi Aramco has completed a deal it reached last year to buy a 70% stake in Saudi Basic Industries Corp. for around $70 billion.
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133,000 customers benefitted from the liquidity support of CBUAE extended through banks
The First Abu Dhabi Bank in Abu Dhabi. Fifteen leading UAE banks have fully utilised their share of the Dh50 billion liquidity support package provided by the Central...
After flooding US with crude earlier this year, Saudi Arabia has all but cut off the tap
Workers at Saudi Aramco’s Abqaiq crude oil processing plant. The kingdom has exported just one cargo to the U.S. so far in June,...
With all those job losses happening now, it’s time next generation gets taught right
A recent study showed only 33 per cent of adults can be considered financially literate with wide disparities between countries.
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The...
Laggards no longer have excuses to pay lip service to cuts and then ignore them
Despite the crippling losses caused by the short-term oil price war, a new foundation was introduced in the relationship among OPEC+ countries as well as...
US crude stockpiles rose by 3.86 million barrels in the past week
Flags fly from a Royal Dutch Shell oil rig in Texas. The American Petroleum Institute reported U.S. crude stockpiles rose by 3.86 million barrels in the past week.
Stage is set for government and central bank to come up with immediate incentives
Jobless rates have spiked in the UK despite an earlier move by government to prevent it from happening. But without the furlough scheme, it could have...
