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Dubai / Emirates Business The automotive and spare parts companies operating in DP World’s flagship Jebel Ali Free Zone (Jafza) recorded business worth AED 39.5 billion in 2017. DP World, UAE region held a forum for automotive companies to celebrate the close ties with the industry and to highlight the sector’s position as a cornerstone of business growth in Jafza. ...

Abu Dhabi / WAM With four thousand of its citizens now living in the UAE, Denmark this year marks the 40th anniversary of the setting up of its embassy in Abu Dhabi, the country’s ambassador, Merete Juhl, said. Addressing guests at a reception to mark Denmark Day, celebrated on the occasion of the birthday of the country’s monarch, Queen Margrethe ...

Dubai / WAM The Middle East Pharma Cold Chain Congress launched on Tuesday in Dubai with the participation of a group of local specialists and more than 100 regional and international experts. The Ministry of Health and Prevention is supporting the two-day event. The event aims to bring together industry stakeholders to discuss ongoing and future challenges in the sector ...

Abu Dhabi / WAM Dr Thani bin Ahmed Al-Zeyoudi, UAE Minister of Climate Change and Environment, delivered a ministerial address at the Green Business Summit 2018, underlining the numerous sustainability initiatives and environmental programmes being developed and implemented in the UAE. He emphasised that the UAE is well aware of the future impact of climate change and is firmly committed ...

Abu Dhabi / WAM The Zayed Future Energy Prize has been renamed as the ‘Zayed Sustainability Prize’ as part of a strategic move to refocus its mandate. After ten years of successfully promoting renewable energy initiatives across the globe, the Prize will now broaden its focus to affect greater humanitarian impact by supporting a wider range of solutions to the ...

Bloomberg Oil steadied after the biggest loss in more than a week as OPEC’s hints at extending output cuts fanned optimism and investors anticipated a drop in US stockpiles. Futures in New York were little changed after losing 1.7 percent. Kuwait said the Organization of Petroleum Exporting Countries and allied producers will discuss prolonging an agreement to curb oil output ...

Oran / Reuters Eni plans “billions” of investments in Algeria over the next three years, the company’s CEO said on Tuesday, as the Italian energy firm said it had agreed to extend its partnership with Algerian state firm Sonatrach. “We need to invest more because Algeria still has a lot of gas,” Eni CEO Claudio Descalzi told anenergy conference in ...

Bloomberg Vermilion Energy Inc. agreed to buy Spartan Energy Corp. for about C$1.08 billion ($860 million) in stock, adding to its production and acreage in southeast Saskatchewan in the largest oil and gas company takeover in Canada this year. Spartan holders will get 0.1476 of a Vermilion share for each Spartan share, Vermilion said in statement. That represents a premium ...

Bloomberg China will impose temporary anti-dumping deposits on US sorghum imports from Wednesday, adding to trade tensions between the world’s biggest economies. Soybean meal futures climbed on concerns the oilseed could be targeted next. Imports will incur a 178.6 percent duty, China’s Ministry of Commerce said in a preliminary ruling. That’s in compliance with domestic law and World Trade Organization ...

Bloomberg Vingroup JSC, Vietnam’s biggest developer, is targeting an initial equity offering of as much as $2 billion for its luxury residential arm, people with knowledge of the matter said. The Hanoi-based group’s Vinhomes JSC unit is considering seeking a valuation of $13 billion to $16 billion in the share sale, according to one of the people, who asked not ...