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ABU DHABI / WAM Entrenching Abu Dhabi’s standing as a centre for promoting values of tolerance, peaceful co-existence, cultural interaction and a magnet for tourists from across the world, the Sheikh Zayed Grand Mosque attracted 5,790,101 visitors in 2017. According to statistics released by the Sheikh Zayed Grand Mosque Centre, the tally included 1,400,965 worshippers and 3,417,130 visitors. Ahmed Juma ...

Abu Dhabi / Emirates Business The United Arab Emirates is embarking on ambitious plans to achieve global lead in innovative technologies, with a focus on artificial intelligence, Internet of Things (IoT) and autonomous systems. “Remotely controlled vessels and autonomous ships are no longer a vision of the future; rather they are a reality of today,” states Basel Shuhaiber, CEO of ...

Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), revealed that mass transit means in Dubai comprising the Metro, Tram, Buses, marine transport (Abra, Ferry, Water Taxi & Water Bus), and taxis (Dubai Taxi & franchise companies) had lifted 551.7 m riders in 2017 according to RTA’s Statistics ...

Abu Dhabi / WAM Abu Dhabi University (ADU) has welcomed around 7,863 returning and new students for the Spring Semester to pursue their studies across university’s 44 internationally accredited undergraduate, postgraduate and doctoral programmes. The Spring Semester will end on June 25. Dr. Waqar Ahmed, Interim Chancellor of the university, confirmed that all preparations have been completed for the beginning ...

Abu Dhabi / Emirates Busines Strata Manufacturing PJSC (Strata), the advanced composite aero-structures manufacturing facility wholly owned by Mubadala Investment Company PJSC, has revealed key business highlights for 2017 as it continues to make its mark on the global aerospace supply chain and contribute towards Abu Dhabi’s economic diversification plans. The Al Ain-based business is seeking to reinforce its position ...

MUMBAI / Reuters India state refiners expect their profit margins to hold their strength this year as demand growth accelerates for fuel products amid a record $93 billion spent on infrastructure and stable crude oil prices, company executives and analysts said. India’s sales of cars and especially motorbikes are forecast to rise rapidly, even as the development of a Delhi-Mumbai ...

Bloomberg Two of the world’s biggest energy producers have abandoned the sale of some of Australia’s oldest oil fields after running a 20-month sales process. Exxon Mobil Corp. and BHP Billiton Ltd. will retain ownership and operation of fields, licenses and associated infrastructure held in the Gippsland Basin Joint Venture after concluding a sale process, Exxon’s Esso Australia unit said ...

Bloomberg The rollercoaster that drags liquefied natural gas prices higher as demand jumps in the northern hemisphere winter is going into overdrive. After a winter in which an unexpected boost in demand from China pushed prices to three-year highs, spot LNG in northeast Asia has plummeted about 30 percent from its mid-January peak. Summer plunges and winter spikes are the ...

Bloomberg Centrica Plc stepped up its cost cutting drive and planned the sale of nuclear assets as its profit dropped. The UK’s biggest energy supplier increased its cost savings target by about 66 percent to 1.25 billion pounds ($1.73 billion) a year by 2020, Centrica said in its full-year earnings statement. It intends to sells its 20 percent stake in ...

Reuters Libya’s National Oil Corporation (NOC) said on Saturday it had declared force majeure on the 70,000 barrels per day (bpd) El Feel oilfield after a protest by guards closed the field. El Feel was shut after guards withdrew from the field to push demands over pay and other benefits earlier this week. The NOC said force majeure was declared ...