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Dubai / WAM Dubai Municipality has donated 100,000 lamps for Dubai housing projects, as part of the municipality #Year of Giving initiatives. The move is part of the municipality’s community responsibility to serve the nation and contribute to its development process, said Ahmed Saeed Al Badwawi, Director of Applied Sustainability and Renewable Energy Department. The lamps represent unique innovation in ...

Dubai / WAMM A UAE delegation, led by Dr. Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, marked a successful attendance at the World Scientific and Engineering Congress (WSEC 2017), convened at Astana EXPO 2017 Congress Centre in Kazakhstan from June 19-20, 2017. The conference held under the theme “Energy of the Future: innovative scenarios and methods of ...

Dubai / WAM Du has announced its new satellite Teleport Facility, located in the Al Qudra area of Dubai, away from planned commercial and residential real-estate developments. The new upgraded facility covers an area of 75,000 sq. meters and has been built to enable the expanding requirements of du broadcast customers, to deliver a superior service with a focus on ...

LONDON­­­­ / Reuters Total will go ahead with development of a giant Iranian gas field this summer, its CEO told Reuters, in the first major western energy investment in the country since Tehran signed an international nuclear deal. Chief Executive Patrick Pouyanne said the French group would make an initial $1 billion investment after the United States extended sanctions relief ...

Bloomberg Oil halted its slide below $45 a barrel as investors weigh a forecast decline in US crude stockpiles against a revival in output from Libya, which is exempt from the OPEC -led cuts. Futures rose 0.3 percent in New York after falling 1.2 percent. US inventories probably shrank by 1.2 million barrels last week, according to a Bloomberg survey ...

Bloomberg Eni SpA was the biggest winner in Mexico’s latest auction of shallow-water oil prospects. The Italian oil giant took three of the 10 areas awarded, the national hydrocarbons commission said during an event in Mexico City. The tender, Mexico’s fifth since it ended a state monopoly in 2014, garnered winning bids from Royal Dutch Shell Plc, France’s Total SA, ...

Bloomberg There’s yet another concern growing as oil prices continue to erode: A record US fracklog. There were 5,946 drilled-but-uncompleted wells in the nation’s oilfields at the end of May, the most in at least three years, according to estimates by the US Energy Information Administration. In the last month alone, explorers drilled 125 more wells in the Permian Basin ...

Bloomberg Tata Group is considering an initial public offering of Jaguar Land Rover, the luxury-car maker the Indian conglomerate bought in 2008 for $2.4 billion, people with knowledge of the matter said. Senior Tata Group officials have held preliminary internal discussions over the past few months about the potential listing of Jaguar Land Rover on an international stock exchange, according ...

Bloomberg Economic reform has slowed the flow of cars, electronics and furniture into India and the roll out of a national sales tax may temper import growth for the rest of this year, according to Maersk Line, the South Asian unit of the world’s largest container shipping company. Imports are more sensitive than exports to the goods and services tax, ...

Bloomberg Tesla Inc. is close to an agreement to produce vehicles in China for the first time, giving the electric-car maker better access to the world’s largest auto market, according to people familiar with the matter. The agreement with the city of Shanghai would allow Tesla to build facilities in its Lingang development zone and could come as soon as ...