News

ABU DHABI / WAM The upcoming International Defence Conference (IDC 2019), is expected to draw the participation of over 1,200 global defence specialists in the nation’s capital, Abu Dhabi. The conference will take place from February 14-16, at the Emirates Palace. For the first time, the IDC will be combined with the Abu Dhabi International Offset Conference (ADIOC), with the ...

Abu Dhabi / WAM The Ministry of Economy discussed the means of strengthening of the UAE’s economic and trade relations with Italy, as well as developing the cooperation between both sides in several commercial areas, to achieve the mutual interests of both countries. The discussion took place during a meeting between Abdullah Alfan Alshamsi, Assistant Under-Secretary for Trade Remedies at ...

RED SEA COAST / WAM In the second week of the Year of Tolerance, the Emirates Red Crescent (ERC), initiated seven education development projects in Yemen’s Red Sea Coast. The move is part of the authority’s humanitarian, development and economic projects in villages, cities and districts in the Taiz and Hodeidah governorates. The new projects include the restoration and refurbishment ...

Dubai / WAM Dubai Frame has attracted the attention of a large number of visitors to Dubai, as it received a million visitors from around the world during its first year of opening. “The Dubai Frame comes from the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to establish Dubai ...

Abu Dhabi / WAM As global oil consumption crosses the 100-million-barrels-per-day mark, the Abu Dhabi National Oil Company (Adnoc) is reinforcing its leadership role and commitment to environmental stewardship, as it strengthens its position as one of the oil and gas industry’s lowest emitters of greenhouse gases (GHG). While addressing rising global energy demand, Adnoc is investing in new measures ...

Bloomberg Italy’s top oil producer and Oman’s energy minister predict the latest oil rebound will stick. Prices are up more than 20 percent since hitting an almost two-year low in December. Oman Oil Minister Mohammed Al-Rumhi told Bloomberg TV that the agreement between the Organization of Petroleum Exporting Countries and partners including Russia and Oman can sustain prices at $60 ...

Bloomberg S&P Global Ratings cut the credit rating of Berkshire Hathaway Energy’s 550-megawatt Topaz Solar Farms to junk, noting that the plant counts on embattled utility giant PG&E Corp for all of its revenue. S&P lowered ratings on Topaz Solar by five notches to ‘B’ from ‘BBB-’ and maintained the ratings on CreditWatch, meaning it may make further cuts. In ...

Bloomberg Ren Zhengfei, the billionaire founder of Huawei Technologies Co, broke a years-long silence to dismiss US accusations the telecoms giant helps Beijing spy on Western governments. Ren denied suggestions that Huawei aids the Chinese government in espionage, saying it has no regular contact with Beijing as his technology empire faces its biggest crisis in its three decades of existence. ...

Bloomberg Private-home sales in Singapore halved in December from the month prior as developers marketed fewer projects and buyers decamped from the city-state on holiday. Developers sold 602 units last month versus 1,201 in November, the Urban Redevelopment Authority said in a statement on Tuesday. That took the 2018 sales tally to about 9,246. The total number of apartments launched ...

Bloomberg Nissan Motor Co CEO Hiroto Saikawa said French partner Renault SA should reach the same conclusion as the Japanese automaker and oust Chairman Carlos Ghosn if and when it gains access to all the relevant information. A probe into Ghosn conducted by Nissan, which contributed to the Frenchman’s arrest in Japan almost two months ago, was shared with Renault’s ...