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Bloomberg Saudi Aramco’s chief executive officer said he has bigger ambitions in petrochemicals beyond the planned $70 billion acquisition of a strategic stake in local company Sabic, touting plastics as a key hedge against an electric-car driven slowdown in global oil demand growth. “We still have to do more,” Amin Nasser, chief executive officer of state-owned Aramco, said in an ...

Dubai / WAM The Emirates Centre for Transport and Leasing, a subsidiary of Emirates Transport (ET) has signed a number of new and renewed contracts, worth AED40 million during the third quarter of 2018. The contracts were signed with both government and private sectors for terms spanning between three to five years. Tariq AlSedawi, manager of the Centre, said: “With ...

Sharjah / Emirates Business The third edition of ‘Investing in Future’ (IIFMENA) conference has got off to an impactful start on Wednesday with comments from His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah; Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of The Big Heart Foundation (TBHF); Mariam Al Hammadi, Director ...

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, on Wednesday received Steven Terner Mnuchin, Secretary of the US Treasury, at Qasr Al Bahar, Abu Dhabi. During the meeting, Sheikh Mohamed and Mnuchin explored cooperation relations between the two countries in financial, economic ...

Dubai / Emirates Business Emirates SkyCargo on Wednesday signed an MoU with the Investment and Tourism Promotion Centre of Ho Chi Minh City (ITPC) to jointly explore opportunities to promote trade to and from Vietnam. The agreement was signed in Dubai by Nabil Sultan, Emirates Divisional Senior Vice President, Cargo and Phạm Thiet Hoa, Director, Investment and Trade Promotion Centre, ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa), announced that it would install 270,000 new smart meters across Dubai under Phase 3 of its “Smart Applications via Smart Grid and Meters” initiative, which was launched to support the Smart Dubai initiative. The project will develop smart infrastructure for electricity transmission and distribution networks and enhance the speed of service ...

Dubai / Emirates Business Under the patronage Dr Abdullah Belhaif Al Nuaimi, the UAE Minister of Infrastructure Development and the Chairman of Federal Transport Authority for Land and Maritime, preparations are underway for the fourth Breakbulk Middle East 2019. The event gathers world’s top industry experts whom favored Dubai to host the fourth edition of the event. Furthermore, the event ...

Riyadh / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that the ambitious economic vision of Saudi Arabia makes it a key player in shaping the future of the global economy. His Highness also praised the vision of the Custodian of the Two Holy Mosques, King ...

Dubai / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, on Wednesday attended the opening of the fifth edition of the World Green Economy Summit (WGES 2018). The Summit, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, will run ...

Dubai / Emirates Business Regional trade enabler DP World, UAE region unveil five clean energy initiatives at the Water, Energy, Technology, and Environment Exhibition (Wetex) week, the Middle East’s leading trade show for the energy, water, and sustainability industries. Renewable energy such as solar, waste recycling, and the development of a zero emission supply chain management across its regional and ...