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LONDON / Reuters OPEC said on Monday world oil demand would grow faster than expected in 2018 because of a healthy world economy, adding a tailwind to the producer group’s effort to remove a supply glut by cutting output. But the global market will return to balance only towards the end of 2018, no earlier than previously thought, as higher ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) has announced a significant milestone for one of its youngest operating companies, Al Dhafra Petroleum, with a major capital investment to establish facilities and enable oil production from Haliba field, located along the south-east border of Abu Dhabi. Adnoc’s plans to start production from Haliba with an initial capacity ...

DUBAI / Reuters The Dubai Gold and Commodities Exchange (DGCX) said on Monday it was working with Indian counterparts to explore alternatives after India’s three main stock markets announced they would stop licensing their indexes and securities abroad. India’s decision appears to threaten several products offered by the DGCX, which trades futures based on the Bombay Stock Exchange’s Sensex index; ...

DUBAI / WAM ENOC Group is exploring investment opportunities within Egy-pt’s energy landscape as part of its long-term strategy to expand its regional footprint. The announcement, made on the sidelines of the Egypt Petroleum Show (EGYPS), being held in Cairo from February 12-14, was part of ENOC Group’s participation in the exhibition that has brought key stakeholders from the MENA ...

DUBAI / WAM Reem bint Ibrahim Al Hashimy, Minister of State for International Cooperation and Director-General of Dubai Expo 2020 Bureau, Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) and Joe Kaeser, President and CEO of Siemens, have signed a Memorandum of Understanding (MoU) to launch a pilot project for the region’s first solar-driven ...

ABU DHABI / WAM Digitisation has transformed crime and closer partnerships between government and private sector organisations are essential to successfully combat cyber criminals that are using increasingly sophisticated technologies and strategies to target companies and organisations according to a new report. A Practical Method of Identifying Cyberattacks released by the World Government Summit in collaboration with PwC Middle East, ...

Dubai / Emirates Business His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, toured the Media and Social Communication Centre for the sixth edition of the World Government Summit. Sheikh Mohammed was accompanied by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai; HH Sheikh Maktoum ...

Dubai / WAM Professor Jeffrey Sachs, renowned economist and Chair of the World Happiness Council, has led a plenary session to discuss the findings of the first Global Happiness Policy Report on the opening day of the sixth World Government Summit, (WGS 2018), in Dubai. In the session titled, “Insights and Reflections from the Global Happiness Policy Report,” industry experts ...

Dubai / WAM The UAE Ministry of Climate Change and Environment (MOCCAE), together with Global Citizen, the social action platform, organised a youth dialogue to discuss how youth can contribute to organisations and to the delivery of the 2030 Development Agenda. The dialogue held on the second day of the World Government Summit (WGS 2018), was attended by Dr. Thani bin ...

Dubai / WAM The second edition of the Global Business Forum on Latin America (GBF), which will be held from February 27-28, in Dubai, will see the participation of current and former heads of state, ministers, decision makers, and industry experts to discuss new avenues of economic cooperation between the GCC and promising Latin American markets. Organised by the Dubai ...