They are accused of offering advice on trading high-risk foreign currency derivatives over the social media platform
world7 hours ago
The oil and gas sector in Jebel Ali Free Zone (Jafza) generated trade worth over Dh52 billion in 2014, up 13 per cent over the preceding year.
Jafza is hoping to attract more multinational oil and gas companies by participating in the Abu Dhabi International Petroleum Exhibition and Conference (Adipec), the largest oil and gas event in the Measa (Middle East, Africa and South Asia) region.
The event starts on Monday and concludes on Thursday and will run at the Abu Dhabi National Exhibition Centre.
Sultan Ahmed bin Sulayem, chairman of DP World and Ports, Customs and Free Zone Corporation, said: "Despite low oil prices, the chemicals, oil and gas sector in the UAE and the region remains buoyant. Oil producing countries in the region have ambitious investment plans to raise production via enhanced oil recovery projects and increased capturing of associated gas.
"This offers good opportunities for oil and gas companies engaged in the sector not only in the UAE but all other hydrocarbon-rich countries in West Asia and Africa. Jafza is the right location for them to be in.
"The freezone's innovation-driven outlook is in line with the vision and directives of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to make the emirate the most favoured investment destination."
- business@khaleejtimes.com
They are accused of offering advice on trading high-risk foreign currency derivatives over the social media platform
world7 hours ago
The two days of hearings at the International Court of Justice are part of a case brought by South Africa accusing Israel of genocide
world9 hours ago
Chennai Super Kings, who are fourth, and Royal Challengers Bengaluru lead the hunt for the remaining playoff spot
cricket9 hours ago
The 22-year-old batter became only the fifth uncapped player in IPL history to score over 500 runs in a season
cricket9 hours ago
Brent had touched an intra-day low of $81.05 on Wednesday
energy9 hours ago
Digital payments remain a rapidly growing sector
tech9 hours ago
Imports of aid through southern Gaza completely halted as fresh fighting adds to distribution challenges
mena9 hours ago
The Spice Board of India has taken steps to ensure the safety and quality of Indian spice exports to these regions
asia10 hours ago