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Dubai / WAM Finland officially announced the country’s participation at Expo 2020 during a press conference held on Monday. Finland’s participation at Expo 2020 Dubai was confirmed by the Commissioner General of Finland for Dubai Expo Severi Keinala and the Executive Director of Dubai Expo 2020 Bureau Najeeb Mohammed Al-Ali. They were joined at a press conference by the Finnish ...

ABU DHABI / WAM IEC Telecom Group along with its long-standing strategic partners – Al Yah Satellite Communications Company (Yahsat), and its subsidiary, Thuraya Mobile Satellite Communications Company, introduced their latest connectivity solutions at this year’s Adipec 2018. The global IT spending in the oil and gas industry according to market researcher Technavio will be worth $50 billion by 2020. ...

ABU DHABI / WAM Microsoft on Monday demonstrated the power of digital transformation to the region’s oil and gas industry, as the company participated in the Adipec 2018. Microsoft experts demonstrated Azure IoT Edge capabilities in action allowing energy companies to extend cloud intelligence and analytics, and bring these innovations to edge devices in the field. The platform allows the ...

Dubai / Emirates Business Emirates is offering special fares in the UAE to over 20 global destinations in its network. Passengers can now take advantage of the upcoming UAE National Day long weekend and plan a short holiday getaway, or visit family and friends back home, within Emirates’ vast network. The offer applies to bookings made on Monday until November ...

ABU DHABI / Emirates Business Abu Dhabi is set to host the second edition of Aqdar World Summit this month from November 26-28 at the Abu Dhabi National Exhibition Centre (Adnec). Aqdar World Summit held under the motto “Nourishing Mind, Flourishing Nations” presents an international platform that discusses topics of great importance to human empowerment and sustainable development. Aqdar World ...

Bloomberg Saudi Arabia said OPEC and its allies should reverse about half the increase in oil output they made earlier this year as fears of shortages are supplanted by concerns about oversupply and collapsing prices. Producers need to cut about 1 million barrels a day from October production levels, Saudi Arabia’s Energy Minister Khalid Al-Falih said in Abu Dhabi on ...

Bloomberg South Africa’s deputy energy minister expects the latest round of climate talks will make global markets cleaner starting next year and defended her nation’s coal use as a way to reduce poverty. “With the Germans, they can say ‘We’re moving from driving a Corolla to a BMW,’ while we are still trying to get the bicycle,” said Thembisile Majola, ...

Bloomberg TransCanada Corp’s $8 billion Keystone XL pipeline may face another eight months of delay after a court ruling raised issues with a four-year-old environmental review. A Montana federal judge found that the 2014 environmental assessment by the Obama administration fell short. President Donald Trump used that review in a March 2017 decision allowing the project to proceed. Now, the ...

Bloomberg The well-heeled, buttoned-down world of international oil now has competition from cowboy boots and jeans. EOG Resources’ $1.1 billion in Q3 adjusted net income vaulted biggest US shale driller into same league as Italian giant Eni, ConocoPhillips and Occidental Petroleum and ahead of Spain’s Repsol. But there’s one difference: EOG is growing production at more than 20 percent a ...

Bloomberg SoftBank Group Corp. founder Masayoshi Son is seeking to raise 2.4 trillion yen ($21.1 billion) in an initial public offering of his Japanese telecom business that could be the country’s largest IPO yet. The Japanese technology giant said in a prospectus it will sell 1.6 billion shares at 1,500 yen apiece in a new entity, SoftBank Corp., that will ...