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Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) on Sunday inaugurated its technologically advanced Taweelah Gas Compression Plant, which will ensure uninterrupted gas supplies to major Abu Dhabi industries and throughout the UAE. The plant, located 50 kilometres north of Abu Dhabi city, will utilise up to 450 million standard cubic feet per day (mmscfd) of sales ...

Bloomberg European leaders gave Theresa May her Brexit deal but warned that the UK Parliament must vote for the plan as it stands because negotiations will not be reopened if British politicians reject it. On Sunday, the prime minister got her agreement on the UK’s divorce from the European Union at a special summit in Brussels, when the leaders of ...

Bloomberg The sudden downfall of Carlos Ghosn looks set to unleash a power struggle between Renault SA and Nissan Motor Co. over the alliance he oversaw for two decades. While both sides say they’re committed to the partnership, they’re already prepping for a battle over control of the world’s biggest car alliance, people familiar with their discussions said. And with ...

Bloomberg Online shopping in Singapore is lackluster even after Amazon Inc. debuted its Prime service in mid-2017. The island’s malls are trying hard to keep it that way. With some of the nation’s biggest mall operators reporting falling rents and rising vacancies, landlords, just like those elsewhere in Asia and the US, are being forced to reposition. They’re making room ...

Bloomberg UK businesses stand to lose access to a $1.7 trillion public procurement market if signatories to a World Trade Organization (WTO) accord this week block Britain’s application for membership, which will lapse after it leaves the European Union in March. On November 27, the UK will seek admission to the 46-nation Government Procurement Agreement (GPA) in Geneva. Failure to ...

Bloomberg Fiera Capital Corp’s property unit wants to go global. Quebec’s biggest publicly traded asset manager is looking to make its first real-estate foray outside of Canada by the start of the next decade to diversify its holdings, according to Pierre Pelletier, a senior vice president at the company. All of the Fiera Properties’ assets under management, which are valued ...

Bloomberg Mining companies operating in Mexico extended a sell-off, with Southern Copper Corp falling the most since 2011, even as a Mexican lawmaker attempted to calm market worries over the prospect of tougher regulation under incoming President Andres Manuel Lopez Obrador. Large Mexico-based mining companies have slipped almost 8 percent on average over the past two days, according to analysts ...

Abu Dhabi / WAM The UAE Cabinet approved long-term visa system for investors, entrepreneurs, specialised talents and researchers in the fields of science, knowledge and outstanding students to facilitate business and create an attractive and encouraging investment environment for the growth of business for investors, entrepreneurs and professional talents. The decision of the Cabinet follows the previous decision approved earlier ...

ABU DHABI / WAM Editors-in-Chief of various local newspapers held a coordination meeting at the Emirates News Agency’s (WAM), headquarters in Abu Dhabi. During the meeting, attendees discussed means of enhancing cooperation and coordination efforts to support the role of the national media sector in highlighting the UAE’s pioneering accomplishments. They also discussed ways to strengthen knowledge exchange and to ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) hosted 200 members of the global investment and financial community at its inaugural investor forum in Abu Dhabi, providing attendees with a deeper understanding of Adnoc’s transformation and delivery, value creation plans, 2030 smart growth strategy and pipeline of new partnership and co-investment opportunities across its value chain. During ...