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Abu Dhabi / WAM American investors rank in first place among foreign investors in the Abu Dhabi Securities Exchange (ADX), in terms of net investment in 2016 and H1 2017, with AED2.2 billion and AED960 million, respectively, said Rashed Al Blooshi, Chief Executive of ADX, during a briefing about the exchange at the American Chamber of Commerce, Abu Dhabi (AmCham). ...

Dubai / WAM Latest Dubai Customs statistics revealed that the department received 129 suggestions and 948 enquires during the first half of 2017. Positive feedback on Dubai Customs services and products and the rate of commendation rose to 76 from 22 in the same period in 2016, a 250 percent rise. The number of ideas and innovations submitted by clients ...

DUBAI / Emirates Business This year Mitsubishi is celebrating its 100th year of success and innovation anniversary. Al Habtoor Motors, Mitsubishi’s official dealer in the UAE, marks the automobile giant’s achievement with the Mitsubishi Super Win promotion – a special treat for its customers. One of the biggest promotions till date, Mitsubishi customers can look forward to great winnings, never-before ...

DUBAI / WAM In line with the decision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to declare 2017 as the “#Year of Giving”, and the global vision of endowment adopted by Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Mohammed bin Rashid School of Government (MBRSG), announced the ...

Meed Saudi Arabia’s lifting of the ban on women driving could lead to an increase in its demand for gasoline, according to energy consultants First Global Energy (FGE). Saudi Arabia is the biggest consumer of gasoline in the region and is the world’s nine largest gasoline market. Current demand is around 580,000 barrels a day (b/d) – a figure that ...

Emirates Business Intertek, a leading Total Quality Assurance provider to industries worldwide, certified Saudi Aramco Total Refining and Petrochemical Company (SATORP), an oil and petrochemical joint venture refinery between Saudi Aramco and TOTAL, as being compliant with the standard requirements of ISO 14001:2015 Environmental Management Systems Certification. This globally-recognised standard was developed by the International Organisation for Standardisation (ISO) and ...

Bloomberg India needs to double its refining capacity by 2040 to meet rising fuel demand as an expanding middle class buys more passenger vehicles and its economy grows, a top refinery official said. India’s refining capacity must increase to 465 million tonnes by 2040, from about 230 million tonnes currently, and investments are already being made, said Shrikant Madhav Vaidya, ...

MELBOURNE / Reuters The Australian government warned that the country’s east faced a worse-than-expected natural gas shortfall in 2018, but the competition watchdog said the gap could easily be filled by diverting uncontracted exports to the local market. It is now up to the government to decide by November 1 whether to pull the trigger on its Australian Domestic Gas ...

Bloomberg The torrent of dirty water coming out of almost every American oil well is the next big bet for a former fund manager for billionaire Paul Allen. Getting rid of wastewater from onshore wells has become an increasingly costly problem for oil producers as US crude output surged in recent years, especially in the new shale fields from Texas ...

Bloomberg The rush to upgrade smartphones may be ebbing, prompting economists to dial back the outlook for Asian exporters. Early indications, including signs of disappointing orders, point to a mixed reaction to the latest iPhones, hurting the share prices of Apple Inc.’s Asia-based suppliers. Given that smartphone improvements help power demand for electronics components from supply-chain powerhouses such as South ...