News

Dubai / WAM Director General of the Government of Dubai Media Office (GDMO) Mona Ghanem Al Marri on Tuesday inaugurated the 7th InfoComm Middle East and Africa, the region’s largest professional audiovisual event, being held at the Dubai World Trade Centre (DWTC). InfoComm MEA, which is being held under the theme of “See the Future of Networked Communications,” is set ...

Geneva / WAM The UAE, represented by the Telecommunications Regulatory Authority (TRA), chaired the preparatory workshop for the World Radiocommunication Conference (WRC-2019), held at the International Telecommunication Union (ITU), headquarters in Geneva, Switzerland. The workshop was attended by more than 300 delegates from the 193 member states of the ITU, in addition to representatives of international and regional organisations, manufacturers ...

Dubai / Emirates Business Offering smart, networked and ultra-modern living spaces in a pristine, upscale location within easy reach of key urban hotspots and centrally located in a serene residential setting, Royal Pearls, the prestige new development from Oriental Pearls Real Estate Developers, is a chance at a unique lifestyle experience. Construction on the inimitable project valued at AED 21 ...

DUBAI / WAM DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, met Ecuador’s Minister of Foreign Trade, Pablo Campana, at the global trade enabler’s flagship Jebel Ali Port and Free Zone in Dubai. The visit follows the ground-breaking ceremony held in September this year to mark the start of DP World’s construction of a greenfield multi-purpose port project ...

Bloomberg Statoil ASA gave the final go-ahead to a flagship Arctic oil project after slashing costs by half. While expected, the move by Norway’s biggest oil company is a boost to a region seen as key to arresting a decline in the country’s production. In a striking illustration of how oil companies have adapted to lower prices, Statoil cut estimated ...

Bloomberg Petroliam Nasional Bhd’s South African unit, Engen, and Vivo Energy Holding BV agreed to a deal worth as much as 3.5 billion rand ($256 million) to combine some of their African fuel-retail assets, according to people familiar with the matter. The deal represents about 20 percent of Engen’s equity value, said the people, who asked not to be identified. ...

Bloomberg Crude production from the Organization of Petroleum Exporting Countries dropped again in November to a six-month low. Total production fell 80,000 barrels a day to 32.47 million a day last month, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. That was the lowest level since May, when output was 32.29 million. Angola led the ...

Bloomberg Europe’s biggest utility is betting on an Italian green power renaissance to lift business. Enel SpA expects Italy’s new national energy strategy to reverse a decline in green power generation by encouraging companies to help meet ambitious new goals, according to Antonio Cammisecra, chief executive officer of the utility’s renewables unit. “There will be a great renaissance of renewable ...

Bloomberg A $7.1 billion rail corridor in Rajasthan that’s set to cut freight times between India’s capital New Delhi and the business hub of Mumbai to 14 hours from 14 days is finally showing signs of progress. About 800 kilometres away in Gujarat, a 920-square-kilometre industrial area is taking shape near the village of Dholera, with hundreds of workers fusing ...

Bloomberg China is set to extend a 10 percent tax rebate to buyers of new energy autos as manufacturers from BMW AG to Tesla Inc. vie for a greater share of the world’s biggest market for clean-fuel cars, according to people with knowledge of the plan. The rebate was due to expire at the end of this year and will ...