BELGRADR / WAM Financing for one of the largest wind power projects in mainland Europe has been agreed by the project’s shareholders and lenders at a ceremony in the Serbian capital of Belgrade. Due for completion in the first half of 2019, the 158 megawatt (MW) capacity Cibuk 1 wind farm will be the largest utility-scale commercial wind project in …
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ABU DHABI / WAM Creative strategic partnerships hold the key to the continuing success and resilience of the oil and gas industry, Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State, CEO of the ADNOC Group, told the 38th annual Oil and Money Conference, in London on Tuesday. Delivering the ministerial keynote address, on the opening day of the …
Read More »DUBAI / WAM Expo 2020 Dubai this week launches its search for more than 30,000 volunteers who will be the ‘face’ of the largest global gathering ever to be staged in the Middle East, Africa and South Asia. Expo 2020 promises to be a transformative and lasting landmark in the history of the UAE, as well as the wider region. …
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ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) on Tuesday announced the launch of its latest investment service ‘Technical Short Selling’ (TSS), an addition to the existing suite of services and products provided by ADX to investors through brokerage firms. The launch of this new service falls in line with ADX’s strategy to increase liquidity levels as well as …
Read More »JAPAN / WAM Round one of a tour promoting investment in the UAE has kicked off in Japan, with the participation and organisation of the UAE Ministry of Foreign Affairs and International Cooperation. During the tour, which visited the Japanese cities of Osaka, Fukuoka and Tokyo between October 11 and 13, UAE delegation, which was represented by UAE Embassy in …
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ABU DHABI / WAM Leading companies from the largest oil producing region outside OPEC, the Commonwealth of Independent States (CIS) will be increasing their presence at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) targeting the event as a hub for global deal-makers. Two of Russia’s biggest oil and gas companies, Lukoil and Gazprom, have each confirmed substantial …
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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, announced the UAE Strategy for Artificial Intelligence (AI), a major initiative within the UAE Centennial 2070 objectives. This is the first such strategy of its kind in the region and the entire world to promote government performance and …
Read More »DUBAI / Reuters Dubai Aerospace Enterprise (DAE) intends to tap the Islamic bond market within the next nine months as part of a strategy to diversify the company’s funding, its chief executive said on Monday. The Dubai government-controlled company became one of the world’s largest aircraft lessors in August after acquiring Dublin-based AWAS. DAE Chief Executive Firoz Tarapore said that …
Read More »DUBAI / Reuters Abu Dhabi Commercial Bank (ADCB) has raised $315 million in a triple tranche ‘Kangaroo’ bond issuance, the bank said in a statement. Kangaroo bonds are issued by non-Australian issuers in the Australian market and are denominated in Australian dollars. Australia and New Zealand Banking Group Ltd (ANZ) and Nomura International Plc acted as joint lead managers for the …
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ABU DHABI / Emirates Business IBS Software (IBS) has been selected by Etihad Airways for implementing its award winning cargo management solution, iCargo. The multi-million dollar, multi-year contract was signed in Abu Dhabi. The engagement will see iCargo system manage the airline’s air cargo sales and operations worldwide, automating its network-wide booking, pricing and capacity management functions with real-time revenue …
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