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DUBAI/ WAM University students across the UAE who believe they have an idea that could make a real difference to society are being urged to apply for a new grant scheme launched on Wednesday by Expo 2020 Dubai’s Expo Live programme. Expo Live has an allocation of $100 million to back projects that offer creative solutions to pressing challenges that ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA), is getting ready to participate at GITEX Technology Week 2017, which will take place from October 8-12 at the Dubai World Trade Centre. DEWA will have its own stand, S2-D1, and will be also part of the Dubai Smart Government pavilion, the technology arm of the Smart Dubai initiative, to transform ...

ABU DHABI / WAM The Ministry of Energy unveiled on Wednesday the UAE Water Security Strategy 2036, which aims to ensure sustainable access to water during both normal and emergency conditions in line with local regulations, standards of the World Health Organisation, and the UAE’s vision to ?achieve prosperity and sustainability. The announcement was made at the UAE Annual Government ...

ABU DHABI / WAM Emirates Global Aluminium (EGA), announced that it won Safety Idea of the Year, at Ideas America 2017, an annual awards programme that recognises people for engaging with their work in creative and outstanding ways. The winning submission for Safety Idea of the Year was developed by Dileepan Soundararajan, who works in Casthouse Maintenance at EGA in ...

SINGAPORE / Reuters Saudi Aramco’s trading arm will start trading non-Saudi crude oil to mainly feed its international joint ventures as the world’s largest oil exporter seeks to optimise profits, industry sources familiar with the move said. The expansion into crude comes as Saudi Aramco is working to boost its valuation ahead of the planned listing of up to 5 ...

Bloomberg Oil traded near $52 after entering a bull market as US industry data showed an unexpected decline in crude stockpiles, the first decrease since Hurricane Harvey hit the Texas coast last month and shuttered refineries. Futures fell 0.2 percent in New York after slipping on Tuesday. Inventories fell by 761,000 barrels last week, the American Petroleum Institute was said ...

Bloomberg The offshore drilling market will take a long time to rebalance as more consolidation and rig retirements are needed to cut oversupply, according to DNB ASA, Norway’s biggest bank. While the market has probably reached bottom, the question is how long it will stay there, Kristin Holth, DNB’s head of global ocean industries, said in a phone interview on ...

Bloomberg The age of persistently weak oil prices is nearing its end, with demand booming and a supply squeeze in the offing, according to Trafigura Group. The global market could face a shortage by 2019, Ben Luckock, co-head of Group Market Risk at the third-largest independent oil trader, said at the S&P Global Platts APPEC conference. As much as 9 ...

Bloomberg An ExxonMobil subsidiary this week said it would root out methane leaks and upgrade production technology as part of an effort to manage industrial pollution, the latest move by an energy sector that’s beginning to take matters into its own hands while the Trump administration works to roll back Obama-era climate rules. The quiet announcement contrasts with recent events ...

RIYADH / Emirates Business Otis Saudi Arabia has been selected for the prestigious Riyadh Metro – lines 4, 5 and 6 – by FAST Consortium of companies, which is led by Spanish construction group FCC and includes partners Samsung C&T, Alstom, Strukton, Freyssinet Saudi Arabia; and is contracted by the High Commission for the Development of Arriyadh. Otis, the world’s ...