News

  AFP Panama is preparing to officially open its canal shortly to far bigger cargo ships after nearly a decade of expansion work aimed at boosting transit revenues and global trade. A VIP ceremony will be held on the banks of the canal to inaugurate the completion of the works. President Juan Carlos Varela will unveil the new locks and ...

  Bloomberg Canadian Natural Resources Ltd., the nation’s largest heavy-oil producer, was fined C$500,000 ($384,500) for breaching environmental laws in 2010 and 2012. The company was penalized C$350,000 for an incident on May 28, 2010, at its Horizon facility when the plant’s sulfur-recovery unit failed and hydrogen sulfide escaped, the Alberta government said in a statement Friday. It had reported ...

  Bloomberg Monsanto Co. and Argentina announced an agreement for the collection of royalties for genetically modified soybeans, ending years of dispute between the world’s largest seed company and the third-largest grower of the crop. “The state will have full control of seed commercialization in order to ensure private companies like Monsanto will be able to collect royalties payments,” Agriculture ...

  Bloomberg Demand surged for bitcoin as a safe haven from the British pound, which plummeted after the UK voted to leave the European Union. The pound fell to its lowest in more than 30 years, driving demand for assets such as US Treasuries and gold. Stocks and bonds also fell, amid concerns that the UK’s exit from the European ...

  Dubai / Emirates Business Smart Dubai Government Establishment (SDG), in co-operation with a number of its strategic partners in government entities, has organized a brainstorming session titled “Challenges of connected services” as part of its innovative activities and its efforts for developing government shared services, which are offered in partnership or collaboration with several government entities to ensure sustainable ...

  Dubai / Emirates Business The Telecommunications Regulatory Authority (TRA) received a total of 1,300 mobile applications participating this year at the second edition of the ALECSO Apps Award, a mobile app development competition launched by the Arab League of Educational, Cultural and Scientific Organization (ALECSO). TRA said its efforts to promote the event incorporation with ALECSO, have resulted in ...

  Abu Dhabi / Emirates Business Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, received the international ISO/IEC 27001 certification from The British Standards Institution (BSI), the world’s first National Standards Body and a founding member of the International Organization for Standardization. This certification is created by a joint technical committee of ...

  Dubai / WAM The Ministry of Economy organized on Sunday an inspection of the Abu Dhabi Cooperative Society’s Abu Dhabi Mall branch as part of its ongoing programme to visit markets and retail stores across the UAE during the holy month of Ramadan. The initiative aims to ensure that prices are controlled and that commitments to sales offers and initiatives ...

  Dubai / WAM The Dubai Electricity and Water Authority, DEWA, has honoured 118 high-performing students who are enrolled in its scholarship programme for Emirati students in local and foreign universities. Saeed Mohammed Al Tayer, MD and CEO of DEWA, honoured the students who achieved high GPAs in the first semester of the academic year 2015/2016 in a ceremony held at ...

  Abu Dhabi / Emirates Business Tadweer (The Center of Waste Management – Abu Dhabi) organizes a series of social awareness lectures during the holy month of Ramadan under the slogan ‘Let’s Break the Habit with no Excess’. This campaign is conducted in cooperation with General Authority for Islamic Affairs and Endowments. The lectures targeted housewives after Tarawih Prayers in ...