News

  Bloomberg Recent deluges in France that flooded metro stations in Paris will delay the harvest in the European Union’s biggest wheat producer, according to the country’s biggest grain cooperative. Harvesting will probably start up to 10 days later than usual, said Jean-Francois Loiseau, chairman of Axereal, which collects about 5.5 million metric tons a year from its members. Wheat-growing ...

  Bloomberg The world’s biggest natural gas exporter isn’t too concerned about a global glut that will probably last another five years. Gazprom PJSC is counting on falling European output to boost flows to a record and cement its 30 percent market share, Deputy Chief Executive Officer Alexander Medvedev, 60, said in an interview. After crude’s 35 percent slide last ...

  Paris, France / AFP Sales of cars in the European Union surged by 16 percent in May compared to a year earlier, continuing a 33-month rise and nearing pre-recession levels, manufacturers said Thursday. A total of 1.29 million new cars were sold in the 28-nation bloc, a tally close to that of May 2008, the European Automobile Manufacturers Association (EAMA) ...

  Vilnius, Lithuania / AFP The European Commission is expected to launch legal action against France over its application of the national minimum wage to foreign truck drivers, a top EU official said. Brussels will send a formal letter launching the procedure “in a few hours”, said Elzbieta Bienkowska, the EU’s internal market chief. “From the single market perspective it raises ...

DUBAI / WAM In his capacity as Ruler of Dubai, the Vice President and Prime Minister of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum, issued Law No. (8) of the year 2016 regulating the granting of law enforcement capacity in the emirate of Dubai. The law will ensure proper implementation of legislations by those granted law enforcement ...

  ABU DHABI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of Dubai, issued Decree No. 20/2016 appointing Abdullah Mohammed Saeed Ghobash as Director-General of Dubai’s Financial Audit Department (FAD). The decree is effective from the date of issuance and will be ...

  ABU DHABI / WAM The Abu Dhabi National Energy Company, TAQA, finalised the issuance of US$500 million 3.625% senior notes due in June 2021 and US$500 million 4.375% senior notes due in June 2026. The proceeds of this issuance will be used for general corporate purposes and to pay back the US$1 billion bond maturing in October 2016. The ...

  Abu Dhabi / WAM The Mohammed Bin Rashid Centre for Government Innovation (MBRCGI) signed a Memorandum of Understanding (MoU) with Dubai Electricity and Water Authority (DEWA) to implement projects designed by a group of MBRCGI graduates under the Taqat energy project that employs solar energy and kinetic energy to generate electricity. The MoU, signed by Ohood bint Khalfan Al Roumi, ...

  Abu Dhabi / WAM HH Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive Council attended a Ramadan forum organised by the General Secretariat of the Executive Council for Abu Dhabi Government entities and departments’ employees to shed light on developments of Abu Dhabi Plan. Held at the Abu Dhabi National Exhibition Centre, the event was ...

  Abu Dhabi / WAM The Department of Economic Development – Abu Dhabi (ADDED) signed a cooperation agreement with the Abu Dhabi University (ADU) to boost mutual cooperation and joint coordination in preparing technical studies, scientific research and programmes and plans that would support the private sector. The parties will provide training and rehabilitation programmes, encourage innovation initiatives, and capitalise on ...