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Abu Dhabi / WAM His Highness Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, on Monday officially inaugurated the Abu Dhabi Global Market Academy (ADGM), in Al Maryah Island in Abu Dhabi. The inauguration took place in the presence Saif Mohammed Al Hajeri, Chairman of the Department of Economic Development, Homaid Abdullah Al Shimmari, ...

Dubai / WAM Access World Logistics L.L.C. – a joint venture between RHS Group, Dubai and Switzerland-based Access World, inaugurated a state-of-the-art 3rd party logistics and warehousing facility in the Jebel Ali Free Zone. The facility, with a storage capacity in excess of 100,000 freight tonnes of multiple products, has a 15,200 m2 covered warehouse with Very Narrow Aisle (VNA) ...

Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR), released a draft radiation safety regulation and invited public to review the draft and comment. According to a press statement, FANR revised Regulation No. 04 for Radiation Dose Limits and Optimisation of Radiation Protection for Nuclear Facilities, which establishes the radiation dose limits that are relevant to a nuclear ...

Dubai / WAM The First ICT Future Foresight Forum, a major ICT event in the UAE, was launched under the patronage of the Telecommunications Regulatory Authority (TRA). The Forum aims to address future challenges of the ICT sector, as well as possible solutions in this regard. Hamad Obaid Al Mansoori, TRA Director-General, delivered the opening speech, highlighting the importance of ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, met Angolan delegates to discuss mutual economic and trade cooperation led by Manuel Augusto, Minister of External Relations of Angola. During the meeting, the two sides tackled ways to enhance their partnerships in vital industries such as oil and gas, precious metals, agriculture, civil aviation, and telecommunications, economic, ...

Dubai / WAM Dozens of innovations, ranging from agricultural initiatives that empower women and farmers to novel products that could combat desertification or plastic waste, are among the latest to receive a major boost from global social impact programme, Expo Live, run by organisers of the next World Expo, Expo 2020 Dubai. Twenty-six projects from 22 countries have been selected ...

Bloomberg Oil steadied near $71 as OPEC signalled it could fill in any supply gap if renewed US sanctions curtail shipments from Iran, the group’s third-largest producer. Futures in New York were little changed after sliding 0.9 percent. Three members of the Organization of Petroleum Exporting Countries — Saudi Arabia, Kuwait and the United Arab Emirates — together have enough ...

Bloomberg Vivo Energy Plc’s bet on fuel demand growth in Africa has earned it a market value of almost 2 billion pounds ($2.7 billion) in London’s largest initial public offering this year. Backed by the world’s biggest independent oil trader Vitol Group and private-equity firm Helios Investment Partners, Vivo sells fuels and lubricants across the continent from Morocco to Mozambique. ...

Bloomberg India’s oil consumption surged 4.5 percent in April as industrial activity gathered pace in Asia’s third-largest economy and sales of trucks and buses soared. The nation’s total oil demand expanded to 17.7 million tonnes in the month from 16.9 million a year ago, rising for eight straight months, according to the oil ministry’s Petroleum Planning & Analysis Cell. Demand ...

Bloomberg The US and China signalled a desire to avoid a costly trade war after President Donald Trump offered a lifeline to beleaguered telecom equipment maker ZTE Corp. and China’s Xi Jinping dispatched his top economic adviser to Washington. Vice Premier Liu He — who is Xi’s top aide for economic matters — was expected to travel on Tuesday to ...