Abu Dhabi / WAM Saif Saeed Ghobash, Under-Secretary of the Department of Culture and Tourism in Abu Dhabi, expects the tourism sector in Abu Dhabi to witness the economic effects of the city’s stature as a major international tourism destination by the end of the year with a record numbers of tourists this year. In an interview with Etihad, Ghobash ...

Abu Dhabi / WAM Jamal Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC), and Shingiz Ishimbekov, Ambassador of Kyrgyzstan to the UAE, discussed potential investment opportunities in Kyrgyzstan and means of exploring them further. During the meeting, the two sides reviewed joint action plans launched in May, and discussed the potential for an UAEIIC delegation to visit ...

Aden / WAM The Emirates Red Crescent distributed, over the past fortnight, up to 45,000 food baskets to eligible households in Yemen’s recently liberated governorates and cities. Up to 315,000 Yemenis, including 225,000 children and 46,000 women, have benefited from UAE relief aid aimed at helping locals overcome their suffering from acts of depredations perpetrated by Houthi rebels. The aid ...

Abu Dhabi / WAM As part of the Abu Dhabi vision to accelerate the growth of its knowledge economy and bolster the development of human capital, the Abu Dhabi government announced the launch of the Abu Dhabi School of Government (ADSG), a world-class professional development academy for Abu Dhabi government employees. The Abu Dhabi School of Government will play a ...

Bloomberg As Saudi Arabia looks to its oil reserves to underwrite a record share sale, the authority is backing a push into the industry’s less glamorous corners — refining and petrochemicals — to ensure crude keeps paying the bills. State-run Saudi Aramco is working on more than $100 billion of refining and chemical projects, according to Bloomberg calculations, and a ...

Bloomberg Chinese oil buyers are making a beeline for a bargain across the Pacific. With Canadian oil over 60 percent cheaper than US benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy, sludgy crude. That’s because — apart from being a source of fuel — it’s rich in bitumen, a black residue used ...

Bloomberg A growing number of California communities are opting to ditch big utilities in favour of alternative programs run by local governments. The state just made it more expensive. The California Public Utilities Commission voted to change the formula that determines how much utilities charge customers who switch to these so-called community choice aggregators, or CCAs. PG&E Corp. and the ...

Bloomberg Central Europe’s third-largest polluter plans to almost triple its clean-energy capacity as emission costs surge. Tauron Polska Energia SA is preparing to add at least 700 megawatts of clean, regulated power to “improve” its portfolio after carbon permits almost tripled over the past year, Chief Financial Officer Marek Wadowski said. That’s the equivalent of half a modern nuclear reactor ...

Bloomberg With China’s economy slowing, banks under pressure to help invigorate growth are rushing to make room on their balance sheets for new lending. That’s unleashed a boom in a corner of the nation’s credit markets. Structured debt sales in China’s interbank bond market jumped in the last quarter to a record 300 billion yuan ($44 billion). Residential mortgage backed ...

Bloomberg A $4 billion border crossing between Hong Kong and Shenzhen will be delayed until the middle of next year as a key contractor, Leighton Contractors (Asia) Ltd., encounters problems, the South China Morning Post reported. The border control point in the northeastern New Territories was due to be finished this year, the SCMP reported on Sunday. Hong Kong’s government ...