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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 ...

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 ...

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. ...

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 ...

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 ...

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 ...

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 ...

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 ...

Bloomberg Iraqi Oil Minister Jabar al-Luaibi said he was optimistic there would be a balance between supply and demand by the first quarter of 2018, leading to a boost in oil prices. Global oil inventories have decreased to an acceptable level and there were positive signs that oil market prices would improve significantly in 2018, Luaibi told journalists. A slight ...

Bloomberg Three years after causing an oil-price crash, the shale boom may not be enough to meet rising global demand because the industry has cut back so sharply on higher-risk mega-projects. Discoveries of new reserves were the fewest on record and replaced just 11 percent of what was produced, according to a Dec. 21 report by consultant Rystad Energy. While ...