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DUBAI / WAM The Emirates Authority for Standardisation and Metrology (ESMA) confirmed that 99 percent of fuel metres in the UAE’s petrol stations are faultless in reading and measurement, and the percentage of non-conforming fuel metres at state-level fuel supply stations has dropped to one percent. According to Abdulla Abdul Qader Al Maeeni, Director-General of ESMA, the authority is continuously ...

ABU DHABI / WAM The technological advancements the world is witnessing at present have significantly contributed to the changing character of war, Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, said in her speech at the Ministry of Defence organised ‘The Leaders Conference: War in the 21st Century’ event, which opened in Abu Dhabi. “Thanks to an ...

DUBAI / Emirates Business WETEX 2017 plays a vital role in supporting the efforts of the leadership of Dubai and the UAE on the global green economy and sustainable development map, said HE Saeed Mohamed Al Tayer, MD & CEO of Dubai Electricity and Water Authority. The 19th edition of the Water, Energy, Technology, and Environment Exhibition (WETEX), the largest ...

Abu Dhabi / Emirates Business The Offshore and Marine industry is expected to see increased business at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), with analysts predicting modest increases in spending for maintenance and production in the oil sector, and significant investment expected for new offshore natural gas projects in the Eastern Mediterranean. Analysis by consultancy Douglas-Westwood ...

Abu Dhabi / Emirates Business Krypto Labs, a world-class ecosystem for groundbreaking start-ups, will officially inaugurate its custom-built all-in-one incubator, accelerator and co-working space in the heart of Masdar City, Abu Dhabi, helping bridge the gap between innovators and investors. The new 2,600 square-metre facility comprises state-of-the-art resources including an advanced computing and 3D printing lab, technical workshop, audio-visual studio, ...

Bloomberg Egypt is paring down its requests for liquefied natural gas. State-run Egyptian Natural Gas Holding Co. is seeking 12 LNG cargoes for delivery in the first quarter of 2018 in a tender, according to two people with direct knowledge. That compares with more than 100 cargoes it planned to purchase via tenders or government-to-government contracts for this year. Traders ...

BAGHDAD / Reuters Iraq said it was increasing oil exports from the southern Basra region by 200,000 barrels per day to make up for a shortfall from the northern Kirkuk fields. The output from the northern Kirkuk region fell this week in the course of military operations to take it back from Kurdish fighters who have been there since 2014. ...

Bloomberg Natural gas traders are facing the possibility of another mild US winter. Temperatures from December through February will be above normal for much of the southern US, East Coast and Northeast, the US Climate Prediction Center said in a report. A run of “beautifully mild weather” this autumn has already weighed on the market, said John Kilduff, founding partner ...

Bloomberg Schlumberger Ltd. and Baker Hughes, the world’s two biggest oilfield service companies, say North America’s growth engine is slowing. The investment appetite by explorers in North America “seems to be moderating” with the priority now being preservation of cash flow rather than the pursuit of continued production growth, Schlumberger said in an earnings statement. Baker Hughes, said in its ...

Bloomberg Sunoco LP’s bondholders are creating an obstacle for a $3.3 billion deal struck by the company to sell more than 1,100 gas stations and convenience stores to 7-Eleven Inc. A group of creditors has told the company it intends to oppose Sunoco’s attempt to change the terms of the credit pact governing about $1.6 billion of bonds — a ...