News

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc, Distribution), is planning to expand its facilities and investment services around the UAE, especially in Dubai, which currently serves only four stations, announced Saeed Mubarak Al Rashdi, Acting CEO of Adnoc Distribution. The company plans to increase the number of stations in Dubai over the next five years, by constructing ...

Abu Dhabi / WAM The Ministry of Economy said that retail companies were committed to reducing their prices during the holy month of Ramadan, as well as decreasing the number of consumer complaints and offering discounts of between 35 and 75 percent, according to the ministry’s plan. During a consumer protection monitoring tour in the retail stores in Al Wahda ...

Abu Dhabi / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, met Alberto Bonisoli, Italian Minister of Cultural Heritage and Activities, and explored means of enhancing the UAE-Italian cultural relations through the establishment of joint cultural and artistic projects bringing together the artists of the two countries. This came on the sidelines of Al Kaabi’s participation ...

Sharjah / WAM Sharjah Electricity and Water Authority (Sewa) announced the completion and operation of two new power distribution stations, 33/11 KV, in Kalba city in Al Saf 2 and University district, as well as a number of maintenance and network development projects to provide better services to the population and development projects. Dr Rashid Al Leem, Chairman of Sharjah ...

Sharjah / WAM The eighth edition of the Sharjah Ramadan Majlis, organised by the Sharjah Press Club of the Sharjah Government Media Bureau, will begin on May 13, at Al Majaz Amphitheatre. The majlis is set to take up a broad range of strategic issues with a number of leading specialists and experts from across the UAE and the Arab ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower), announced its participation in the ‘Cool Coalition’ initiative, to make a positive impact on climate change and inspire ambition, identify solutions and mobilise action to accelerate progress towards clean and efficient cooling. The initiative was launched by the United Nations Environment Programme (UN Environment), in collaboration with the Climate and Clean ...

Bloomberg Agriculture Secretary Sonny Perdue wants China to be a customer of American farm products, even after Washington hiked tariffs on more than $200 billion in Chinese goods, and said retaliation by Beijing would prompt the US to boost support to its farmers. “Our biggest goal will be for China not to retaliate and stay at the table to negotiate ...

Bloomberg A unit of China Mobile Ltd said the US government should stop putting “unreasonable pressure” on Chinese companies and provide them with a non-discriminatory investment environment, pushing back after its bid to provide phone service in the US was denied. China Mobile International said the Federal Communications Commission’s (FCC) rejection after almost eight years of applications was “without apparent ...

Bloomberg Mukesh Ambani, Asia’s richest man, sealed another deal to expand his retail footprint and add heft in a battle with Amazon.com Inc and Walmart Inc in India. Reliance Brands Ltd agreed to purchase the 259-year-old British toy-store chain Hamleys from CBanner Interna tional Holdings Ltd for almost 68 million pounds ($88.5 million) in cash. The transaction would transform the ...

Bloomberg China’s top security regulator sought to ease concerns about burgeoning stock-market volatility, after the wild price swings capped the worst three-week rout for mainland equities in more than a year. The recent gyrations were due to “external factors,” but these are not the dominant elements in China’s stock-market development, said Yi Huiman, chairman of China Securities Regulatory Commission, in ...