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DUBAI / WAM The Water, Energy, Technology, and Environment Exhibition (WETEX 2017) was opened on Monday by HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of Dubai Electricity and Water Authority (DEWA). Themed ‘At the Forefront of Sustainability,’ WETEX is organised by DEWA on October 23–25 at the Dubai International Convention ...

DUBAI / Emirates Business All future ENOC service stations will be powered by solar energy to support the UAE’s long-term strategy to target an energy mix that combines renewable, nuclear and clean energy sources to meet the country’s economic requirements and environmental goals. The announcement, made during the Water, Energy, Technology and Environment Exhibition (WETEX) 2017, is also in line ...

DUBAI / WAM With Dubai becoming a premiere international cruise destination, DP World is ready to take on the increasing influx of holiday makers with the start of the 2017-2018 cruise tourism season and is expecting 115 luxury cruise ships from 22 ocean-going cruise lines to berth at Mina Rashid’s Dubai Cruise Terminal facilities over the coming season. The Dubai ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) appointed Honeywell to help deliver a first-of-its-kind in the Middle East smart energy project, which will see Honeywell provide an additional 150,000 smart metres in addition to the 250,000 it has already deployed across Dubai. The multi-million-dollar initiative will enable Dubai to manage electricity use more effectively within the residential sector. ...

Emirates Business Ras Al Khaimah Economic Zone continues to go global with its upcoming participation at this year’s Pakistan International Trade Fair (PITF), one of the biggest consumer and trade fair happening in Expo Centre Karachi from October 26 to 29. Expected to gather more than 120,000 visitors and 16,000 exhibitors from 20 different countries, RAKEZ will capitalise on event’s ...

SINGAPORE / Reuters Global liquefied natural gas (LNG) markets will remain oversupplied into the 2020s due to a surge in production, although soaring demand especially from China may tighten the market earlier than expected, the International Energy Agency (IEA) said on Monday. “We will see massive amounts of new LNG capacity coming to the market … so we will probably ...

Bloomberg Saudi Arabia is working on a plan to allow non-resident foreign investors to own strategic stakes in listed companies as the kingdom overhauls its economy. The Capital Market Authority and the Saudi Arabian General Investment Authority signed a memorandum to set up a framework to allow foreigners to own 10 percent or more of publicly traded companies and to ...

SINGAPORE / Reuters US liquefied natural gas (LNG) project developer Tellurian Inc is offering billions of dollars in equity in its Driftwood project in Louisiana to make it more attractive for buyers, a senior company official said on Monday. Tellurian is offering 60 percent to 75 percent equity interest in Driftwood Holdings, which comprises Tellurian’s upstream company, its pipeline and ...

Bloomberg Oil extended gains as OPEC and its allies reiterated that all options are open to re-balance the market. December futures increased as much as 0.8 percent in New York. OPEC and its partners including Russia achieved a record-high level of compliance to output cuts during September, according to a statement from the committee responsible for monitoring the agreement. In ...

Bloomberg The crude market may be underestimating China’s oil demand. Storage data gathered by satellite implies the amount of crude China is putting into storage is below what can be extrapolated from the nation’s customs and production data, Barclays Plc analysts wrote in a note. That means it may be consuming more oil than official data indicate and that the ...