News

  AFP Canadian food exporters at a major trade fair in Paris fear a last minute dispute will spoil a free trade deal between Canada and the European Union. Having taken years to negotiate, some producers voiced impatience for the deal to now be finally sealed; others simply fail to see why anyone would reject it. Barring a few sensitive ...

  Bloomberg Long is the new deep. Just ask SM Energy Co., which on Tuesday spent $1.6 billion to expand its acreage in America’s most prodigious oil patch, the Permian Basin. The unique geologic makeup of the Permian, consisting of multiple layers of oil- and gas-trapping shale that span hundreds of miles, is well suited for a technique that’s allowing ...

  Bloomberg Abbott Laboratories posted a surprise third-quarter net loss after the value of its stake in EpiPen maker Mylan NV slumped as the stock dropped in recent months. Abbott became Mylan’s biggest shareholder last year after selling its generic drugs unit in Europe and developed markets to the drugmaker, and still holds a 13 percent stake. As Mylan became ...

  Bloomberg The world’s largest publicly listed oil company says ample production from US shale regions will keep prices subdued for years to come, disagreeing with others in the industry who have warned about a looming shortage. Rex Tillerson, chief executive officer at Exxon Mobil Corp., presented an upbeat view of how technology will allow companies to pump more, preventing ...

  Dubai / WAM The Jebel Ali Free Zone (Jafza) is showcasing an integrated package of services and smart new solutions for customers and companies during GITEX Technology Week 2016. In line with the vision of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to transform Dubai into a Smart City, Jafza ...

  Dubai / Emirates Business The Centre for Regulation of Transport By Hire Cars in Abu Dhabi – TransAD, has officially announced its partnership with Telematics Networking & Communications LLC, in its rollout of Smart Wi-Fi across its entire fleet of taxi’s in the Emirate of Abu Dhabi. Passengers riding TransAD’s fleet of taxis in Abu Dhabi will enjoy a ...

  Abu Dhabi / WAM The Ministry of Finance (MoF) launched a new technology, MoF Private Cloud IaaS, infrastructure as a service, during its participation in GITEX Technology Week 2016. MoF Private Cloud provides a secure IT infrastructure, with minimal intervention from operators and system administrators. The MoF Private Cloud was launched in the presence of Younis Haji Al Khoori, Under-Secretary ...

  Dubai / WAM The Ministry of Finance (MoF) signed a cooperation agreement with the Federal Competitiveness and Statistics Authority (FCSA) at GITEX Technology Week, to strengthen technical cooperation between the two parties and encourage the exchange of financial and economic information. The agreement was signed by Younis Haji Al Khoori, Under-Secretary of MoF, and Abdulla Nasser Lootah, Director General of ...

  Dubai / WAM Abu Dhabi Media Company (ADM) has successfully commenced a live broadcast of media business continuity on telecom operator du’s media cloud services. ADM’s Live HD channel broadcast the solution end to end, and replicated the HD Live channel through the cloud to deliver business continuity, essentially running the entire broadcast operations in the cloud from ingest through ...

  Abu Dhabi / WAM The National Central Cooling Company (Tabreed) announced that it has now surpassed 1 million Refrigeration Tons (RT) of cooling capacity. Jasim Husain Thabet, Tabreed’s CEO, said, “This is a significant milestone to celebrate for our company and our customers, and we are proud to deliver our services to such an iconic theme park in the region. ...