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IMO clean fuel regulations could push prices up by 70%

  Dubai / Emirates Business Maritime professionals attending Seatrade Maritime Middle East 2016 (SMME), have been discussing the ramifications of the new International Maritime Organization (IMO) 0.5% sulphur cap which comes into force in 2020 and could push the price of fuel used to operate ships (bunker prices), by more than US$200 a tonne – a 70% increase. Essentially from ...

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Cleveland Clinic Abu Dhabi receives international award

  ABU DHABI / Emirates Business HIMSS Analytics has announced that Cleveland Clinic Abu Dhabi, part of Mubadala’s network of world-class healthcare providers, has achieved the HIMSS Analytics Electronic Medical Record Adoption ModelSM (EMRAMSM) Stage 7, an international benchmark for the use of advanced IT to improve patient care. Cleveland Clinic Abu Dhabi is the first UAE healthcare facility, and ...

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Moscow seeks ‘honest’ help for political solution in Syria

  Athens / AFP Russia seeks “honest cooperation” for a political solution in Syria, Foreign Minister Sergei Lavrov said on Wednesday as Moscow declared a brief truce in the war-ravaged city of Aleppo. “We hope our partners will draw (the) necessary conclusions (so that) we will all aim for honest cooperation… for a political process involving both the government and opposition ...

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In final week, Trump aims to poach Democrat state

  Eau Claire / AFP Republican Donald Trump has spent much of the past week in enemy territory, desperate to poach a Democratic state and carve a perilously narrow path to victory in his White House race against Hillary Clinton. Polls, history, demographics and Trump’s abrasive rhetoric are not on his side, even as he seeks to capitalize on never-ending revelations ...

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Japan pledges $390mn to boost Myanmar peace

  Tokyo / AP Japanese Prime Minister Shinzo Abe held talks with Myanmar leader Aung San Suu Kyi on Wednesday and pledged 40 billion yen ($390 million) in aid to back her government’s peace process with ethnic minorities, amid growing international concern about reported army attacks on a Muslim group. Abe told Suu Kyi that Japan fully supports her efforts at ...

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India wavers on emissions goal as power plants balk at price tag

  Bloomberg India may ease a deadline to cut pollution from coal-fired power plants blamed for causing the world’s worst air quality amid pressure from generators who say it’s too difficult to implement the $37 billion reforms. The deadline to meet all the new standards may be pushed back beyond the original December 2017 target, said S.D. Dubey, chairman of ...

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Germany ‘unshaken’ by Brexit promises to Nissan

  Bloomberg German Chancellor Angela Merkel’s government is relaxed about the assurances Britain gave to Nissan Motor Co., viewing attempts to keep the carmaker in the U.K. as inevitable given the expected negative economic fallout of Brexit. British efforts to keep companies based in Britain are understandable as Prime Minister Theresa May has to do what’s needed to prevent the ...

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Crude demand may peak in 5 years

  Bloomberg Royal Dutch Shell Plc, the world’s second-biggest oil company by market value, thinks demand for oil could peak in as little as five years. “Oil, we’ve long been of the opinion that demand will peak before supply,” Chief Financial Officer Simon Henry said on a conference call on Tuesday. “And that peak may be somewhere between 5 and ...

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DWTC set to attract 250,000 visitors

  Dubai / Emirates Business Dubai World Trade Centre’s (DWTC) November calendar of events is poised to attract more than 250,000 visitors out of which more than 50 percent are expected to be international visitors and exhibitors. The diverse line-up of over 20 events, including Gulfood Manufacturing – the region’s largest food and beverage processing industry event – promises broad-ranging ...

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‘UAE believes in opening new venues of coop in trade, culture’

  DUBAI / WAM The UAE opens its doors to friends and brothers from other countries because it believes in the importance of communicating and holding talks with their governments, Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, said on Tuesday while receiving President of Belarus Alexander Lukashenko at ...

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