News

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received Ban Ki-moon, President and Chair of the Global Green Growth Institute (GGGI). During the meeting, which was held on the sidelines of the ADSW, the two sides explored the joint cooperation between the UAE and the World Green Growth Institute ...

BRUSSELS / WAM Antonio Tajani, President of the European Parliament, commended the UAE’s approach of promoting tolerance and empowering women and youth, and appreciated the UAE’s declaration of 2019 as the Year of Tolerance. Tajani also stressed the importance of joint efforts to ensure security and stability in the Middle East during a recent meeting with Dr Amal Al Qubaisi, ...

ABU DHABI / WAM Mubadala Investment Company, through its healthcare investment team, Mubadala Healthcare, on Monday announced the acquisition of Amana Healthcare, the region’s leading provider of long-term care, specialised rehabilitation, and home healthcare services. Amana Healthcare, founded in Abu Dhabi and US-accredited, is the first healthcare provider in the Middle East to offer an integrated continuum-of-care to patients across ...

Abu Dhabi / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, stated that AED73 million is expected to be invested in the Climate Innovation Exchange Clix, Forum. The forum will provide an opportunity for young innovators and entrepreneurs to develop innovative environmental concepts and solutions, to guarantee a better future for humankind and create realistic ...

Dubai / Emirates Business Dubai Land Department (DLD) welcomed a US real estate delegation comprising several governmental and private institutions in response to an invitation sent to brokers, developers, licensed real estate agents, and a large number of investors to visit Dubai. The visiting delegation included more than 150 real estate agents and 11 investors who will review the investment ...

Bloomberg Output cuts in oil-rich Alberta and Saudi Arabia are combining to leave heavy-crude refiners from the Gulf of Mexico to Asia in a bind. While curtailments in the Canadian province have propelled local prices to their strongest level in almost a decade, other grades like Arab Heavy and Heavy Louisiana Sweet are also surging. The Saudis are expected to ...

Bloomberg Sinopec, China’s top oil refiner, won approval from the country’s cabinet for a long-awaited initial public offering of the retail unit that runs its vast chain of gas stations and convenience stores, people with knowledge of the matter said. The green light from the State Council clears the final Chinese regulatory hurdle for the deal and means the IPO ...

Bloomberg Royal Dutch Shell Plc is seeking buyers for an Ontario refinery and some sour gas facilities in Alberta as the company focuses on its $31 billion liquefied natural gas project in British Columbia. “These assets have been a cornerstone of Shell Canada for many years, however, they are no longer a fit with Shell’s evolving portfolio,” the company said ...

Bloomberg China’s exports slumped in December as a rush of orders to beat expected tariffs showed signs of fading and as domestic buyers succumbed to a worsening economic outlook. The worse than expected figures, with exports falling 4.4 percent in December from a year earlier, set a grim domestic backdrop for China’s negotiators as they seek a deal to end ...

Bloomberg Viacom Inc is in talks to sell a majority stake in some of its China operations, according to a person familiar with the matter. The New York-based company has had talks about a sale with at least one Chinese entity, the person said. The discussions involved the potential sale of a majority share in Viacom’s channel brands, such as ...