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ABU DHABI / WAM The Emirates Authority for Standardisation and Metrology (Esma), announced that the UAE is currently developing a regional regulation for air-conditioning systems for energy consumption in the Gulf Cooperation Council (GCC), countries. According to Abdulla Al Maeeni, ESMA Director-General, this regulation will be in cooperation with the Gulf Standardisation Organisation (GSO), and will be inspired by its ...

Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received on Sunday, Claudio Descalzi, CEO of Eni, Italy’s largest energy company, during which a long-term agreement in oil and gas exploration was signed. The agreement awards Eni three long-term concessions to explore and develop onshore oil and gas fields in ...

Abu Dhabi / WAM Nine UAE innovators have been selected as finalists in the Climate Innovation Exchange (CLIX) – a World Future Energy Summit initiative – and a platform that will be hosted by the Ministry of Climate Change and Environment (MOCCAE) during the Abu Dhabi Sustainability Week 2019. With nine innovations out of 48, these Emirati innovators represent around 19 ...

Abu Dhabi / Emirates Business The Abu Dhabi National Exhibition Company (Adnec) finished preparations as it prepares to host the World Future Energy Summit (WFES) to its halls from January 14 to 17. Serving as a platform where governments, corporations, entrepreneurs and investors can share knowledge and solutions to the world’s growing energy challenges, WFES 2019 expects over 850 exhibitors ...

Bloomberg Saudi Aramco could tap the bond market for about $10 billion to help fund the acquisition of petrochemicals giant Saudi Basic Industries Corp, according to the country’s Energy Minister Khalid Al-Falih. The kingdom will decide in the “next few weeks” about the size of the proposed bond, though the offering would not be “huge,” Al-Falih told reporters in Abu ...

Bloomberg Russia’s Novatek PJSC is looking at storing liquefied natural gas produced in the Arctic on Japan’s southern island of Kyushu so it can better meet spot demand from China and cut shipping costs. Saibu Gas Co, which last month signed a preliminary deal to allow Russia’s biggest LNG producer to use its storage facilities, said it may build two ...

Bloomberg Alberta’s government maintained its mandated oil curtailment in February at the same level as January even as Canadian heavy oil prices surged. The province’s oil producers collectively must cut February output by 325,000 barrels a day, according to an email from Mike McKinnon, an energy ministry spokesman. The baseline for the cuts is the highest single month of production ...

Bloomberg As Poland added to the global scrutiny of Huawei Technologies Co with the arrest of a company employee and a local former security agent, the country’s authorities also exposed the division in Europe over policy towards the Chinese technology giant. Huawei is facing increasing pressure across the European Union amid growing concerns that Beijing could use the company’s equipment ...

Bloomberg Megvii, the owner of facial recognition developer Face++, is considering an initial public offering in Hong Kong that could net as much as $1 billion, people familiar with the matter said. Megvii is weighing an IPO to raise between $500 million and $1 billion with Hong Kong as a destination, the people said, requesting not to be named because ...

Bloomberg Indonesian authorities are working to develop new investment instruments with “good” returns in a bid to retain onshore more than $10 billion that was repatriated under a tax amnesty program three years ago, with officials acting before a lock-in period on the funds expires later this year. Bank Indonesia, the Ministry of Finance and the Financial Services Authority are ...