News

Abu Dhabi / WAM The National Media Council (NMC), completed its preparations for the UAE Pavilion at Expo 2017 Astana, set to be held in Kazakhstan’s capital from June 10 to September 10, under the theme, ‘Future Energy’. Built, managed, and supervised by the NMC, the UAE Pavilion sheds light on the country’s experience in shaping the future of the ...

Dubai / WAM On the occasion of World Environment Day, Emirates is showcasing an environmentally friendly aircraft cleaning technique that has enabled the airline to save millions of litres of water every year. The ‘aircraft drywash’ technique, uses little or no water in cleaning the aircraft, which is in contrast to conventional methods which typically use thousands of litres of ...

Abu Dhabi / WAM Empowerment of the private sector’s role and contributions to GDP was the crux of a specialised workshop organised by the Abu Dhabi Chamber of Commerce and Industry (ADCCI), in the presence of leading economic executives in the emirate. Addressing the workshop, Mohammed Hilal Al Muhairi, Director General of ADCCI, underscored the importance of developing a future-oriented ...

Abu Dhabi / WAM On the occasion of World Environment Day, celebrated on June 5 every year, Dr. Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, has said that the changes in people’s relationship with nature in recent decades, including the intensive exploitation of nature’s resources beyond its ability to regenerate, are a major cause of the current ...

Shabwa / WAM The Emirates Red Crescent (ERC), distributed urgent humanitarian aid, including basic food supplies, to the people of Shabwa Governorate suffering from difficult economic and humanitarian conditions, due to the events witnessed by the country. An ERC convoy travelled to the districts of Rodoum and Mayfa’a in Shabwa Governorate, where residents were in need of humanitarian aid. An ...

Bloomberg Russia’s most powerful oil boss said the deal between OPEC and its partners to curb output won’t stabilize the crude market over the long term as US shale fills the supply shortfall. “A decrease in production under an agreement between OPEC and non-OPEC could largely be balanced out by an increase in US shale oil production by the middle ...

Bloomberg Shares in Lamprell Plc gained the most in more than two years after the builder of oil rigs partnered with Saudi Aramco to develop the biggest maritime yard in the region. Saudi Arabian Oil Co., also known as Aramco, established a joint venture with the kingdom’s national shipping company Bahri, South Korea’s Hyundai Heavy Industries Co. Ltd. and Lamprell ...

Bloomberg One of the stodgier corners of the energy industry is getting more relaxed. Liquefied natural gas sellers, which once did business almost entirely on long-term, oil-linked contracts, are offering shorter deals, more pricing options, unrestricted shipping terms and in some cases are even willing to invest in the infrastructure their buyers need to import the super-chilled fuel. “In the ...

Bloomberg China’s yuan policy has blindsided forecasters once again. The sudden surge in the last four days — for the onshore exchange rate, it’s been the steepest gain in more than four months — pushed the currency beyond levels predicted by even the most optimistic analysts. Market watchers were caught off guard earlier in the year as well, when the ...

Bloomberg Neuberger Berman Group LLC said China will be a “hot spot” for competition among global funds as the importance of the nation’s capital markets grows. The New York-based firm, which is planning to start a private fund in China, estimates as many as five global managers will set up such operations in China by the end of this year. ...