News

Abu Dhabi / WAM The oil and gas industry must secure more than US$10 trillion worth of investment over the next 22 years if it is to meet the forecast growth in demand for energy and industrial petroleum-based products. According to figures from the OPEC World Oil Outlook 2040, the total oil and gas value chain will need around $10.5 ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, honoured a number of Armed Forces officers in recognition of their heroism and bravery in serving their country. His Highness Sheikh Mohamed conferred upon the service officers the Order of Military Glory of the ...

Abu Dhabi / WAM The size of Japanese investments in Abu Dhabi reached approximately AED6.1 billion by end of 2017, while the number of trade licenses issued to Japanese investors in Abu Dhabi reached 32. Similarly, the value of non-oil trade between Japan and Abu Dhabi stood at AED9.803 billion between January and October 2018, compared to AED8.320 billion in ...

Abu Dhabi / WAM By the end of 2017, there were 60 hospitals with a total capacity of 5,536 beds, according to the ‘Abu Dhabi in Figures’ report released by the Abu Dhabi Statistic Centre (SCAD), on Tuesday. “Abu Dhabi has 9,444 physicians, 27,568 nurses, 802 pharmacies and 700 clinics,” SCAD said. For the education sector in the 2016 -2017 ...

NEW DELHI / WAM The UAE will participate in the ‘Vibrant Gujarat Global Summit’, which will be held in the Indian state of Gujarat from January 18-20, 2019. The UAE will participate as a partner country for the second consecutive year. Dr. Ahmed Abdul Rahman Al Banna, UAE Ambassador to India, said that the UAE will participate in the summit ...

Dubai / Emirates Business Arab Health, the largest exhibition for healthcare and trade professionals in the Mena region, has announced that more than $778 million worth of business was generated by exhibitors during the 2018 edition of the show. This figure is in line with Alpen Capital’s projections that GCC healthcare spend will reach $104.6 billion in 2022 from an ...

Bloomberg It may not just be OPEC that’s weighing whether to cut oil production. The pipeline bottlenecks that have strangled Canadian crude prices have at least one major energy producer calling for oil-rich Alberta to mandate output reductions. Oil-sands producer Cenovus Energy Inc. says the province already has legislation on the books that would allow it to require all drillers ...

Bloomberg Embattled commodity trader Noble Group Ltd — which is pushing towards the final stages of a complex $3.5 billion debt-for-equity restructuring — reported another quarterly loss, with the result driven by costs from the revamp as well as getting caught out in the LNG market. The energy segment, which consists of liquefied natural gas, coal and oil liquids in ...

Bloomberg Asian nations gave up hopes of completing a 16-nation trade bloc this year, with Chinese and Australian officials now looking to finalise the deal in 2019. Singapore, which is chairing the 10-member Association of Southeast Asian Nations this year, had pushed for a substantial conclusion to the agreement this year. Known as the Regional Comprehensive Economic Partnership, or RCEP, ...

Bloomberg Facebook Inc. stood its ground after Singapore called the social media giant unreliable for declining a request to remove a post, which the government had said was false and defamatory. “We have a responsibility to handle any government request to restrict alleged misinformation carefully and thoughtfully, consistent with our approach to government requests around the world,” Facebook said in ...