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Emirates a role model for peaceful N-energy development

Abu Dhabi / WAM The UAE Peaceful Nuclear Energy Programme has been recognised for its unique achievements and coordinated development during the 23rd Nuclear Inter Jura Congress. Held for the first time in the Middle East and hosted in Abu Dhabi by the Emirates Nuclear Energy Corporation (Enec), the congress was organised by the International Nuclear Law Association (Inla), in ...

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Preparations to host Adipec 2018 finalised

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec), has announced that it has finalised preparations to host the 21st edition of the Abu Dhabi International Petroleum Conference (Adipec 2018). Held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, from November 12-15, Adipec is one of the world’s largest, most important and influential meeting ...

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Global energy leaders descend on Abu Dhabi for CEO roundtable

ABU DHABI / WAM Twenty-seven of the world’s leading oil industry chief executives will gather, in Abu Dhabi, on November 11, to discuss the impact of digitalisation, technology and the Fourth Industrial Age on the future of the global oil and gas industry. The senior executives, representing many of the world’s major oil, gas and petrochemical companies, have been invited ...

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Sharjah airport passenger traffic up 6.55%

Sharjah / WAM In the third quarter of this year, Sharjah Airport received 3.32 million passengers, an increase of 6.55 percent over the same period last year when 3.118 million passengers used the airport. The airport handled 22,210 regular and irregular flights, an increase of 5.64 percent over the same period last year when there were 21,026 flights, and the ...

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Abu Dhabi Diplomacy Conference launches next week

Abu Dhabi / WAM The Emirates Diplomatic Academy (EDA), on Wednesday announced at a press conference that it will host the inaugural edition of the Abu Dhabi Diplomacy Conference that is set to provide a premier interdisciplinary platform to discuss the latest innovations, trends and challenges in the field of diplomatic practice. Held under the patronage of HH Sheikh Abdullah ...

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Oil set for longest losing run since 2014 as supply fears ease

Bloomberg Crude’s poised for the longest losing streak since 2014 as concerns of a supply crunch eased on a forecast for rising US production and waivers for eight countries allowing temporary import of Iranian oil. Futures in New York fell as much as 0.9 percent and headed for an 8.5 percent drop in eight straight sessions. The US government forecast ...

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Royal Dutch Shell, Total set up long-term goal to reduce carbon intensity

Bloomberg Royal Dutch Shell Plc and Total SA are the only companies among the 10 biggest oil and gas producers in the world which disclose how their carbon emissions will decline over time, according to the first analysis of its kind by managers overseeing more than $9 trillion of funds. The Anglo-Dutch and French majors are the only companies among ...

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South Sudan oil outlook hinges on peace deal

Bloomberg South Sudan’s optimism about restoring oil output to 350,000 barrels a day depends on the success of a recent peace deal and both are unlikely, according to Wood Mackenzie Ltd. Crude production fell by about two-thirds to 130,000 barrels per day as blocks were shut-in during a conflict that erupted in late 2013, after a dispute between President Salva ...

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Australia to nix CK’s $9.4 billion pipeline bid

Bloomberg CK Group’s A$13 billion ($9.4 billion) bid for gas pipeline operator APA Group was knocked back by Australia’s government on national security concerns, a decision that has the potential to further inflame diplomatic tensions with China. “I have advised the consortium led by CK Asset Holdings Ltd. of my preliminary view that its proposed acquisition of APA Group would ...

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SoftBank IPO seeks record $18bn from retail investors

Bloomberg SoftBank Group Corp. is seeking to raise a record 2 trillion yen ($18 billion) from Japanese individuals in the initial public offering (IPO) of its mobile phone unit, targeting investors who often get no interest on their savings, said people familiar with the matter. Nomura Holdings Inc., a joint global coordinator, will sell the biggest part of the shares ...

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