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ABU DHABI / WAM A group of Emirati employees from the Abu Dhabi National Oil Company (Adnoc) has become the first group of trainees to start a two year professional development programme with Schlumberger, an oil and gas industry technology and service provider. The programme is part of Adnoc’s continued efforts to build a world-class workforce with enhanced advanced technology ...

Bloomberg The first round of renewed US sanctions on Iran took effect as President Hassan Rouhani—under increasing economic and political pressure—spurned President Donald Trump’s suggestion for talks with “no preconditions.” Following an executive order signed by Trump, the US imposed new restrictions intended to stop the purchase of dollar banknotes by Iran, prevent the government from trading gold and other ...

Bloomberg SoftBank Group Corp.’s monster Vision Fund plans to lead an investment of $3 billion to $5 billion into Ele.me, the food delivery giant owned by Alibaba Group Holding Ltd., people familiar with the matter said. The near-$100 billion fund led by Masayoshi Son is heading up discussions with potential investors including venture capital firms, said the people, who asked ...

Bloomberg The Japanese university at the centre of a sexism scandal apologised for “systematic” manipulation of test scores aimed at keeping female students out, with top officials saying that discrimination against women should never be allowed. After media reports surfaced of the discrimination, Tokyo Medical University today released a report that concluded a written test for prospective students had “serious ...

Bloomberg UK Prime Minister Theresa May is resisting the European Union’s timetable for Brexit talks and is calculating that US President Donald Trump might help her. While EU officials are signaling they want September to be a showdown moment in negotiations, the UK is aiming for a later deadline, according to a person familiar with the situation. May’s team thinks ...

Bloomberg Automakers failing to cut greenhouse gas emissions risk writing a big check to the European Union. Manufacturers ranging from Renault SA to Mercedes-Benz maker Daimler AG are on the hook for total fines in excess of 14 billion euros ($16 billion), should they fail to comply with tighter emission regulation phased in from 2020 and in full force the ...

Bloomberg They’re Donald Trump’s kind of business. They dominate the domestic market, rack up a trade surplus by selling to foreigners, and do a lot of their manufacturing in states that voted for him. But America’s recreational boat-builders are getting caught up in the president’s trade war. With every escalation, they’ve taken a fresh hit. The industry employs about 150,000 ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Hot Functional Testing (HFT) on Unit 2 of the Barakah Nuclear Energy Plant. This significant pre-operational testing process incorporated all lessons learned from the same test on Unit 1 in order to achieve the highest international standards of quality, safety and efficiency. ENEC worked closely with the ...

ADELAIDE / WAM The UAE Space Agency has launched a Mars Summer Camp, running from August 4-12 in Adelaide, Australia, to generate enthusiasm amongst students for science, technology, engineering and mathematics. The Mars Summer Camp was organised in collaboration with the Mike Roach Space Education Centre at Hamilton Secondary College and the Think Science programme of the Emirates Foundation. The ...

DUBAI / WAM The Federal Competitiveness and Statistics Authority (FCSA) signed a partnership agreement with the Statistical Centre of the Gulf Cooperation Council for the Arab States of the Gulf (GCC-Stat) as it prepares to host the second UN World Data Forum in the UAE on October 22. The Memorandum of Understanding (MoU) was signed by Abdullah Nasser Lootah, Director-General ...