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Sharjah / WAM Rexton Technologies, the world leader in the design and manufacture of LED light bulbs, launched the largest LED light manufacturing facility in the Middle East and North Africa region on Monday at the Sharjah Airport International Free Zone. Rexton Technologies developed the new facility with a total investment of over AED50 million. Rexton Technologies is an industrial ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Monday visited the Ports, Customs and Free Zone Corporation’s, PCFC’s, stand at DIGAE and was briefed on its initiatives by the Director of Dubai Customs, Ahmed Mahboob Musabih. During the first day of the exhibition, Dubai Customs and ...

Dubai / WAM Lt. General Dhahi Khalfan Tamim, Deputy Chairman of Police and Public Security in Dubai and Honorary Chairman of Emirates Forensic, on Monday officially inaugurated the Emirates International Forensic Conference and Exhibition, Emirates Forensic 2018, being held from April 9-11 at the Dubai International Convention and Exhibition Centre, under the theme “Science Serving Justice.” The three-day conference is ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday launched the e-Platform for Foreign Direct Investment (FDI), established by the UAE Ministry of Economy, at the inaugural session of the Annual Investment Meeting (AIM) being held at the Dubai World Trade Centre on Monday. ...

Abu Dhabi / WAM Adnoc Drilling, an Abu Dhabi National Oil Company, ADNOC, subsidiary, on Monday celebrated the graduation of 333 Emiratis from its Drilling Training Centre. Today’s graduates are the latest batch to have completed their training at the state-of-the-art centre. They will play a key role in ensuring efficient, reliable and safe onshore and offshore well-drilling operations. The ...

RIYADH / Reuters Saudi Arabia’s stock exchange expects an influx of foreign funds to smooth the listing of national oil firm Saudi Aramco, despite concern among some analysts about whether the market can absorb the huge offer, the exchange’s chief executive said. “Foreign investors are putting in more money — every day we have improved liquidity capacity,” Khalid al-Hussan said ...

MANILA / Reuters The Philippines is looking to seal a pact with China within a few months to jointly explore for oil and gas in a part of the busy South China Sea waterway claimed by both countries, a Philippine official said on Monday. In February, the two countries agreed to set up a special panel to work out how ...

LONDON / Reuters Oil rose on Monday, recovering some of the decline on the potential impact on global growth from a trade dispute between China and the United States as well as rising US output. Markets were also eyeing the situation in Syria after reports – denied by the Pentagon – that US forces had struck a major air base ...

LAGOS / Reuters Nigerian energy company Neconde has launched an arbitration case against Royal Dutch Shell, the West African firm’s chief executive said, alleging the oil major continued to lift crude and failed to remit funds after a lease had been sold. The oilfield in question, Oil Mining Lease (OML) 42, is also at the centre of corruption allegations. Shell ...

Bloomberg President Donald Trump predicted China will be first to buckle as the world’s largest economies teeter on the brink of a trade war that’s sent financial markets reeling, without indicating where his assessment sprang from. “China will take down its trade barriers because it is the right thing to do,” Trump told his 50 million Twitter followers on April ...