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Devon Energy to acquire WPX for $2.56bn

Bloomberg Devon Energy Corp agreed to acquire WPX Energy Inc in a $2.56 billion all-stock deal, creating one of the largest independent US shale producers and answering investor calls for consolidation at a time of crisis for the sector. Devon shareholders will own about 57 percent of the combined company, Devon and WPX said on Monday in a statement. The ...

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Biden, Trump square off for 90 minutes in their first debate

Bloomberg President Donald Trump and Democrat Joe Biden square off for 90 minutes in their first debate on Tuesday and political pros on both sides are fretting the most about a viral moment that can turn a good performance into a disaster that’s remembered for generations. A single ill-advised answer could turn off a crucial demographic in a battleground state. ...

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UAE ranks first in 121 global competitive indices

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has affirmed that enhancing competitiveness ranking in all sectors plays a key role in the development strategies adopted by the country to further advance government performance and enhance the quality of life for citizens and residents. ...

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UAE is meeting its humanitarian commitments, says Dr Gargash

Abu Dhabi / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, has said that the UAE is meeting its humanitarian commitments, in line with the approach established by the UAE’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan. He also noted that this approach is one of the cornerstones of the country’s foreign policy. ...

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UAE, Denmark to boost cooperation in key fields

Abu Dhabi / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, met with Jeppe Kofod, Minister of Foreign Affairs of Denmark, and reviewed with him the prospects of further consolidating relations between the two friendly countries across various fields. They also discussed cooperation between the UAE and the Kingdom of Denmark, as well as current regional ...

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Court judgements to go public on ADJD website

ABU DHABI / WAM The Abu Dhabi Judicial Department (ADJD) started publishing judgments rendered by the courts of the emirate of Abu Dhabi on its website as part of the efforts to raise legal awareness and enhance cognitive background among the community members, confirm the impartiality and transparency of the legal principles, and enhance the competitiveness of the emirate and ...

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Xi stays course on Xinjiang policies despite global furor

Bloomberg Chinese President Xi Jinping has doubled down on China’s policies towards Uighurs in the country’s western Xinjiang region despite international condemnation. “Facts prove that the party’s policies on Xinjiang in the new era are completely correct and must be adhered to in the long term,” the official Xinhua News Agency quoted Xi as saying during a work meeting held ...

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UAE to send first Arab mission to moon by 2024: Mohammed

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, was briefed about the new strategy of the Mohammed bin Rashid Space Centre (MBRSC) 2021-2031 launched by the centre on Saturday to shape its work in the coming decade to enhance global competitiveness and strategic partnerships of space ...

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Jafza, FICC ink deal to accelerate economic and trade relations

Dubai / WAM Jebel Ali Free Zone (Jafza), DP World’s flagship Free Zone and the leading business and logistics hub in the UAE, has entered into a strategic agreement with The Federation of Israeli Chambers of Commerce (FICC), in a concentrated effort to support businesses and encourage economic cooperation. Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, ...

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Abu Dhabi-Korea Healthcare Week to be held in October

ABU DHABI / WAM Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber of Commerce and Industry, signed a Memorandum of Understanding with Jeong Sun Kyun, Mayor of Gangnam District, South Korea, to develop their strategic partnerships, expand their trade channels, and increase cultural and tourism exchange through the strategic representative office of the Chamber in Gangnam District. The ...

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