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Bloomberg Abu Dhabi’s state fund is looking to expand its energy investments, with $5 billion spent in the past few months in nations that can offer low costs such as the US, according to the head of Mubadala Investment Co.’s oil and chemicals projects. “If you think about the low cost environment, the US ranks very high because of the ...

ABU DHABI / WAM British Petroleum (BP) is planning to raise recovery rates from oilfields in Abu Dhabi to 60-70 percent from the current level of around 30-40 percent, according to a senior official at the British oil giant. Salem bin Ashoor, General Manager and Chief Representative of British Petroleum UAE, said, “We can see the opportunity in the long ...

ABU DHABI / WAM The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has issued a consultation paper inviting public feedback on its proposal to introduce a new remote membership framework, as well as various other amendments to enhance ADGM’s capital market regime. By enabling brokers located outside of the ADGM to access exchanges and clearing houses ...

ABU DHABI / AGENCIES Under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, on Monday inaugurated the 20th edition of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2017. The event is being held at the Abu Dhabi National Exhibition Centre ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Monday at Al Bahr Palace, Sameh Shoukry, Egypt’s Minister of Foreign Affairs, as part of his tour in the region. His Highness Sheikh Mohamed welcomed the Egyptian Foreign Minister and discussed fraternal ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, visited the pavilions of several countries participating on the second day of the Dubai Airshow 2017. At the start of his tour on Monday, His Highness Sheikh Mohammed bin Rashid viewed the new Boeing 737 Max 8 aircraft that was ...

Abu Dhabi / WAM The UAE and the Republic of Chile have signed a Memorandum of Understanding, MoU, to exempt Emirati and Chilean nationals carrying ordinary passports from obtaining pre-entry visas while travelling to both countries. The MoU was signed by Ahmed Abdul Rahman Al Jarman, Assistant Minister of Foreign Affairs and International Cooperation for Legal Affairs, and Jean Paul ...

Abu Dhabi / WAM Thuraya Telecommunications Company and service partner, Cygnus Telecom, are exhibiting at Booth 628, Hall 6 at ADIPEC 2017 in Abu Dhabi, where they are showcasing the satellite communication portfolio for the oil and gas sector. Rashid Baba, Thuraya’s Acting Chief commercial Officer, said, “There’s no better opportunity to meet with top delegates from the oil, gas, ...

Abu Dhabi / WAM Abu Dhabi is set to host Aqdar World Summit, the first-ever platform created for people from all over the world on ‘moral education’, from November 21-23 at the Abu Dhabi National Exhibition Centre (ADNEC). The event is being held under the patronage of HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and ...

Dubai / Emirates Business Dubai Aerospace Enterprise (DAE) Ltd announced its leasing division, DAE Capital, and Gulf Air, the Kingdom of Bahrain’s national carrier, have signed an aircraft lease agreement for five Boeing 787-9 Dreamliner aircraft that are scheduled to enter the Gulf carrier’s fleet in 2018. These modern, fuel efficient planes will help Gulf Air expand its network, facilitating ...