News

  Bloomberg Cnooc Ltd. plans to raise capital spending for the first time since crude began its crash in 2014 as China’s biggest offshore oil and gas producer prepares for life after the slump and a second year of falling output. The Beijing-based explorer will increase expenditure, including in the Gulf of Mexico, to 60 billion to 70 billion yuan ...

  Bloomberg President Donald Trump abruptly ended the decades-old US tilt towards free trade by signing an executive order to withdraw from an Asia-Pacific accord that was never ratified and promising to renegotiate the North American Free Trade Agreement. “Great thing for the American worker, what we just did,” Trump said on Monday after signing an order withdrawing the US ...

  ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) deposited AED1.47 billion into the Central Bank of Sudan (CBOS) to secure increased liquidity and stimulate economic growth in Sudan. Mohammed Saif Al Suwaidi, Director-General of ADFD, signed an agreement to that effect with Hazim Abdegadir Ahmed Babiker, Governor and Chairman of the Board of the CBOS. Reaffirming the ...

  Abu Dhabi / WAM Navdeep Suri, Indian Ambassador to the UAE, has praised the exceptional ties between the UAE and India, which have witnessed unprecedented development in investment and trade relations, among others. India will welcome His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces on 26 ...

  DUBAI / REUTERS Dubai ports operator DP World said it was partnering with Canadian pension fund manager Caisse de dépôt et placement du Québec to create an investment vehicle worth $3.7bn that would invest in ports and terminals worldwide. DP World will hold a 55% share in vehicle while Caisse de dépôt, a long-term institutional investor that manages funds ...

  ABU DHABI / WAM Abu Dhabi National Exhibitions Company (ADNEC) on Monday announced that over 800 media representatives from around the world will cover the upcoming editions of the International Defence Exhibition and Conference (IDEX), and Naval Defence Exhibition (NAVDEX) 2017. Held in collaboration with UAE Armed Forces under the patronage of His Highness Sheikh Khalifa bin Zayed Al ...

  DUBAI / WAM Dr Abdullah bin Mohammed Belhaif Al-Nuaimi, the UAE Minister of Infrastructure Development, met Wilfred Ali, Non-Resident Ambassador of the Republic of Malawi to the UAE, and discussed ways to strengthen relations between the two countries in various fields. The meeting, held on Monday at the Ministry’s headquarters in Dubai, was also attended by Andrew Chifukwa, Vice ...

  Dubai / Emirates Business The UAE ranked first in the global assessment of travel destinations with the best developed Halal ecosystems, according to the 2016-2017 Global Islamic Economy Report developed and produced by Thomson Reuters. The country is followed by Malaysia and Turkey in the global ranking system that evaluated the countries based on four criteria: inbound Muslim travel, ...

  Dubai / WAM The UAE was ranked first among the Arab nations and 25th internationally on the Judicial System Efficiency Index for 2016 in the World Bank’s Ease of Doing Business report. The report, which was published by the World Bank in 2017, covered 190 countries. The index evaluated the countries on their judicial system, ability to handle prosecutions in ...

  Abu Dhabi / WAM Under the theme “Together to Improve Air Quality”, the Environment Agency – Abu Dhabi, EAD, along with BP, sponsor of the Sustainable Schools Initiative, SSI, has organised a plantation campaign to raise awareness about the benefits of UAE National tree, the Ghaf. The campaign was organised at Al Salamat Forests affiliated to the Bararri Forest Management ...