Abu Dhabi / WAM The Abu Dhabi City Municipality has called upon property developers to expedite the registration of their real estate development projects under the Real Estate Regulatory Law No. 3/2015. A statement to this effect was made during a meeting with escrow account managers and developers and licensing of property units team at the Municipality. Attendees of the ...

Bloomberg Crude in London posted the longest stretch of weekly gains since 2011 in a market seen as being increasingly balanced as a result of OPEC’s produ-ction cuts. Both Brent and West Texas Intermediate crude slipped, paring weekly gains. Global prices have been supported this week by concerns over US sanctions against Iran, shrinking stockpiles and production shortfalls in Venezuela. ...

Bloomberg Some of the world’s biggest fund managers are ratcheting up the pressure on oil and gas companies, expressing fear that a lack of action over tackling climate change could risk their investments. The comments come days before Big Oil kicks off annual shareholder meetings, where they are already facing calls from smaller investors to set clear targets on climate ...

Bloomberg BP Plc and ConocoPhillips are in discussions for an asset swap deal that would see the UK energy major gain a greater foothold in a key project in the North Sea and the US explorer get Alaskan assets, according to people familiar with the talks. BP is considering taking Conoco’s 24 percent interest in the Clair field, in which ...

Bloomberg Environmental groups opposed to US natural gas exports just found an unlikely ally: the Commodity Futures Trading Commission. The government agency that regulates futures and options markets found that shipping gas overseas could raise costs for Americans. Domestic prices could rise as much as 20 percent due to the burgeoning industry that liquefies gas so it can be shipped ...

Bloomberg China offered to reduce its trade surplus with the US by “at least $200 billion” in talks to head off a possible trade war, the director of the White House National Economic Council said. “The number’s a good number,” Larry Kudlow, President Donald Trump’s top economic adviser, told reporters at the White House. “I think just as important, they ...

Bloomberg Chinese telecom company ZTE Corp. will have to change its management, including by possibly appointing new board members, to win a reprieve from US sanctions that shut it off from key suppliers, the director of the White House National Economic Council said. “We’re not talking about letting them off scot-free by any stretch,” Larry Kudlow, President Donald Trump’s top ...

Bloomberg Toshiba Corp. got regulatory approval from China for the sale of its memory chip business, clearing the way for the 2 trillion yen ($18 billion) deal with a group led by Bain Capital. The sale of the semiconductor business will take place on June 1 after approval was gained from all necessary regulators, the Tokyo-based company said in a ...

Bloomberg NXP Semiconductors NV climbed after a report that regulators in China are looking more favorably upon the chipmaker’s proposed acquisition by Qualcomm Inc. The Wall Street Journal quoted an unidentified Beijing official as saying the deal’s approval is “looking more optimistic now.” NXP shares rose as much as 5.9 percent, the biggest gain since Monday. Representatives for Qualcomm and ...

Bloomberg India’s government counts on high-tech encryption, multi-layered authentication, and even 13-feet high walls to protect the world’s largest biometric database. But there’s no measure that prevents careless officials at government agencies from publishing the sensitive information online, exposing citizens to fraudsters and data misuse. The official website boasting Prime Minister Narendra Modi’s efforts to connect all Indian villages with ...