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Bloomberg Oil edged lower ahead of an Opec+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in many parts of the world. Futures in New York fell below $40 a barrel. The producer bloc will review the state of the market at an online meeting on ...

Abu Dhabi / WAM Abu Dhabi Sustainability Group has recognised Adnoc’s environmental stewardship by naming Shayma Al Mazrouei, an employee at Adnoc Gas Processing, Sustainability Manager of the Year Award 2020 for her contributions to environmental conservation through an innovative water reduction programme. The announcement was made on Monday as part of the Abu Dhabi Sustainable Business Leadership Awards 2020. ...

Abu Dhabi / WAM The Sheikh Zayed Grand Mosque Centre has launched several initiatives and activities to help enrich the experience of People of Determination of the Centre. Under the “Re’Haab Alhemam” programme, the Centre announced it will release a series of initiatives catered for the disabled, the first being cultural tours given in sign language. The cultural tours will ...

DUBAI / WAM Dubai Maritime City Authority (DMCA) announced a move to strengthen its bunkering fleet in Dubai waters as part of an advanced step towards organising, facilitating and enhancing maritime activity. The DMCA has increased the number of licensed vessels to 12 ships for supplying fuel across the emirate’s territorial waters. The decision was made in conjunction with the ...

Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) expects livestock and crop production to reach about 694,110 tonnes by the end of 2020, which means an increase of 16 percent as compared to nearly six percent in 2019. In 2019, the total production in Abu Dhabi’s agri-production including livestock and crop sectors reached nearly 654,637 ...

ABU DHABI / WAM Hub71, Abu Dhabi’s global tech ecosystem based in Abu Dhabi Global Market Square, on Monday announced the latest startups to have been selected for the Hub71 Incentive Programme’s second cohort of the year. The eleven startups come from all over the world, including: Bahrain-founded Tarabut Gateway, the first and largest regulated open banking platform that connects ...

Bloomberg Boris Johnson is under pressure to announce a ban on telecoms companies from installing new equipment made by Huawei Technologies Co in Britain’s fifth-generation mobile networks from as soon as the end of 2021. Britain’s National Security Council meets on Tuesday to decide on the company’s future in the UK in the wake of US sanctions against the company. ...

Bloomberg Analog Devices Inc. is close to an all-stock agreement to acquire Maxim Integrated Products Inc., according to reports. The semiconductor companies are talking about a deal that values San Jose, California-based Maxim at more than its current market capitalisation of roughly $17 billion. Norwood, Mass.-based Analog has a market value of $46 billion and also has a large office ...

Bloomberg France will unveil “massive” support for youth employment this week and a new broad stimulus plan including tax cuts for companies at the end of August, Finance Minister Bruno Le Maire said. The measures will be in addition to emergency aid to protect jobs and companies during the lockdown and a series of support plans for sectors including tourism ...

Bloomberg Swedish engineering giant Alfa Laval AB agreed to buy Neles Oyj in a deal that values the Finnish valve maker at roughly $2 billion, setting a price that’s high enough to potentially fight off any counter bids. After striking a so-called combination agreement with Neles, Alfa will make a voluntary recommended public cash tender offer for all issued and ...