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Bloomberg Plans to export natural gas from Iraqi Kurdistan got a boost after reserves were upgraded at two key fields. Yet successful development still hinges on the region’s turbulent politics. The Miran and Bina Bawi deposits hold 14.8 trillion cubic feet of contingent gas resources, explorer Genel Energy Plc said in a statement after an audit was carried out by ...

Bloomberg China’s crude oil production will likely extend its slide into a third year as state-run giants focus on pumping natural gas to meet President Xi Jinping’s drive to use more of the cleaner-burning fuel. China, which last year overtook the US as the world’s top oil importer, will see the pace of crude output declines from its old, high-cost ...

Bloomberg The UK should ensure it stays in a close and comprehensive customs agreement with the European Union, providing tariff-free trade in all goods after Brexit, according to the leader of a major business group. Remaining in a customs union with the EU will be far more valuable than striking trade deals elsewhere, Carolyn Fairbairn, director general of the Confederation ...

Bloomberg Uber Technologies Inc. completed its deal with SoftBank Group Corp., triggering a slate of governance reforms at the ride-hailing company. Uber shareholders sold about $8 billion at a discounted price to a group of investors led by SoftBank, making the Japanese conglomerate the largest shareholder. SoftBank also invested $1.25 billion directly into Uber at a valuation of about $70 ...

Bloomberg Facebook Inc. is intensifying scrutiny of its pages to root out bogus news reports and other attempts to interfere with Italy’s general election in March, according to people familiar with the matter. The US company will allocate more resources to ensure users comply with its guidelines during the election campaign, two people said, asking not to be named because ...

Bloomberg Donald Trump woke up on the anniversary of his inauguration with the federal government shuttered, a development that seemed almost predictable after a year of tumult in Washington. “This is the One Year Anniversary of my Presidency and the Democrats wanted to give me a nice present,” the president said on Twitter early on January 20. He said in ...

ABU DHABI / WAM The Department of Transport – Abu Dhabi (DoT) and the Abu Dhabi Future Energy Company (Masdar) signed a Memorandum of Understanding (MoU) to cooperate in the study, testing and evaluation of sustainable, electrical and autonomous transport technologies. Khalifa Mohamed Al Mazrouei, Under-Secretary of the Department of Transport, and Mohamed Jameel Al Ramahi, Masdar’s Chief Executive Officer, ...

ABU DHABI / WAM Saif Badr Al Qubaisi, General Manager of Abu Dhabi City Municipality (ADM) signed an agreement and several contracts with property development and investment companies. The contracts included constructing, building and operating recreational playgrounds for workers and Musaffah, and an agreement for construction and operation of recreational playgrounds for workers, one sports complex in Musaffah, 4 service ...

DUBAI / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA) met with a high-level delegation from the US Department of Energy. Waleed Salman, Executive Vice President of Business Development and Excellence, Dr. Yousef Al Akraf, Executive Vice President of Business Support and Human Resources, and Marwan Bin Haider, Executive Vice President of ...

Dubai / Emirates Business Dubai Land Department (DLD) announced that Dubai has been chosen to host the First Arab Land Conference, which will be held between February 26 -28. The conference will address many of the most-challenging land-related issues in Arab countries, including how to manage land to reduce conflicts, and how to maximize the use of land and real ...