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400,000 worshipers visited Sheikh Zayed mosque in November

Abu Dhabi / WAM The Sheikh Zayed Grand Mosque has received 440,000 worshipers of various nationalities from inside and abroad during the month of November, according to the mosque’s centre. The Sheikh Zayed Grand Mosque Centre in a report also mentioned the visits of a number of Arab and foreign top officials, who paid tribute to the late Sheikh Zayed ...

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Bam International hired for Yas Bay arena, plaza project

ABU DHABI / Emirates Business Miral announced on Wednesday the appointment of BAM International as it’s chosen main contractor for the arena, plaza, and nearby retail and F&B spaces planned for the upcoming Yas Bay development. The development of the arena has started earlier this year, and is scheduled for completion by end of 2019. The arena is part of ...

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DEWA, Philips Lighting boost ties

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Goktug Gur, President and CEO of Philips Lighting in the Middle East and Turkey; and Samir Al Aref, Commercial Director. During the meeting, Al Tayer welcomed the delegation, and explained DEWA’s work including its activities, development, and the continuous progress in its ...

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449 Emiratis receive over AED300 million in housing assistance

Abu Dhabi / WAM The Board of Directors of the Sheikh Zayed Housing Programme on Wednesday approved housing support for 449 eligible Emiratis with a total value AED322 million. The housing support is part of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh ...

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Empower upgrades to latest international certification

Dubai / Emirates Business Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced that it has upgraded to the latest international standards set by leading certifications firm International Standards Organization (ISO). The Dubai-based district cooling company has undergone rigorous evaluation and received the upgraded ISO9001:2015 certification for qualitymanagement and ISO14001:2015 for its environmental management system. ...

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Homeowners race to beat property tax cap

Bloomberg Homeowners in states with the highest property taxes are looking to prepay 2018 bills ahead of a $10,000 cap on the deduction for state and local levies, including property taxes, in the GOP tax overhaul President Donald Trump just signed. In New York, residents are peppering local officials with questions about how to prepay their 2018 property tax bills ...

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at-a-glance guide to Brexit saga

Bloomberg / Emirates Business UK Prime Minister Theresa May refused to rule out running for another term in 2022 as she shrugged off suggestions that 2017 has been the worst year of her political career. The other 27 leaders in the EU agreed in December 2017 that “sufficient progress” had been made to allow Brexit talks to proceed to the ...

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China becomes world’s No. 2 natural gas importer in 2017

Beijing / Reuters China will become the world’s second-biggest importer of liquefied natural gas (LNG) as it overtakes South Korea, shipping data in Thomson Reuters Eikon showed. This is a huge boost to Asia’s emerging spot market as Chinese buyers rely much more on short-term purchases to meet their needs than their counterparts in Japan and South Korea. Shipping data ...

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Oil slips from 2-year high amid low trading volume

Bloomberg Oil retreated from its highest close in more than two years amid low volume, even as a pipeline carrying crude to Libya’s export terminal was said to need a week for repairs following an explosion. Brent and West Texas Intermediate crude futures both slipped after the US benchmark rose 2.7 percent, breaching $60 a barrel for the first time ...

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Kuwait strikes 15-year LNG deal with Shell

Bloomberg Kuwait struck a 15-year deal with Royal Dutch Shell Plc for liquefied natural gas, locking in supplies as neighbours in the oil rich Gulf consider their own import strategies. The United Arab Emirates and Kuwait are the only importers of LNG in the region, with Bahrain joining the club in 2019. Saudi Arabia is looking at natural gas assets ...

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