News

DUBAI / WAM A high level Italian delegation led by Italian Vice-Minister of Foreign Affairs and International Cooperation, Manlio Di Stefano, explored ways to build closer ties in energy and water sectors with the Dubai Electricity and Water Authority (Dewa). This came during a meeting held by Saeed Mohammed Al Tayer, Managing Director and CEO of Dewa, with the delegation. ...

DUBAI / Emirates Business The strategic partnership between Dubai’s two airlines, Emirates and flydubai, continues to open up the world for travellers since its launch 14 months ago, and is set to grow even further in 2019 with new codeshare destinations to be added. The partnership, which came into effect at the end of October 2017, has since delivered a ...

Abu Dhabi / WAM Masdar, the Abu Dhabi Future Energy Company, has positioned itself in the commercial off-grid energy sector by increasing its capacity to rapidly deploy solar kits in off-grid communities around the world. Building on the company’s extensive experience delivering renewable solutions in remote communities, the Masdar-branded kits named “Noor” – displayed at the Masdar stand throughout Abu ...

Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation is donating AED18.4 million ($5 million) in urgent relief aid to Syrian refugees in Lebanon who are facing harsh winter conditions. The move follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the support of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince ...

New York / WAM Dubai Chamber of Commerce and Industry led a delegation of UAE retail leaders to New York to participate in NRF 2019: Retail’s Big Show, the world’s largest retail expo and conference, where the delegates explored the latest trends and technologies reshaping the future of the global retail sector. The delegation was headed by Majid Saif Al ...

Abu Dhabi / Emirates Business The Sustainable Bioenergy Research Consortium (SBRC), a non-profit entity established by Masdar Institute that is part of Khalifa University of Science and Technology, on Wednesday announced the world’s first commercial flight using locally produced sustainable fuel on an Etihad Airways Boeing 787 powered by GE’s GEnx-1B engines. The flight from Abu Dhabi to Amsterdam marked ...

Bloomberg Opec and its allies plan to hold a meeting in March to assess their oil-production accord in Azerbaijan, and then ministers will gather to set policy in April, according to the organisation’s top official. The body that reviews the implementation of Opec’s supply cuts, the Joint Ministerial Monitoring Committee, will convene in the Azeri capital of Baku on March ...

Bloomberg India will not share the limited supply of Iranian crude allowed under a US waiver from sanctions with private refiners, according to people with knowledge of the matter. That is a departure from the earlier practice of splitting exempted volumes. The government has asked four state refiners led by Indian Oil to share the entire 9 million barrels of ...

Bloomberg Carlos Ghosn is on the verge of losing his final fingerhold on power within the world’s biggest car-making alliance, with Renault SA said to be laying plans to remove him as chairman and chief executive officer. Two months after Ghosn’s shock arrest for alleged financial crimes in Tokyo, the French carmaker’s board will probably meet in the coming days ...

Bloomberg A rare plot of land that’s zoned for a hotel near Singapore’s central business district has attracted a record bid as developers shift focus after last year’s property cooling measures. Midtown Development Pte, bid S$562.2 million ($415 million) for the site, the highest among eight offers received, the Urban Redevelopment Authority said. The land adjacent to Club Street, an ...