GENEVA / WAM Aldar Investments Properties has announced it’s acquiring full ownership of Etihad Plaza and Etihad Airways Centre in an AED1.2 billion transaction with Etihad Airways. As part of the deal, Etihad will take 100 percent ownership of Etihad Airways HQ. The three properties were previously held in three 50/50 joint ventures between Aldar Properties and Etihad (the JV). …

Bloomberg Oil climbed in New York as Saudi Arabia signaled that Opec and its allies will keep going with production cuts. West Texas Intermediate futures advanced as much as 2.1 percent. Opec’s most powerful member is inclined to extend the supply cuts into the second half of the year, Saudi Energy Minister Khalid Al-Falih said in Riyadh. US stockpiles fell …

DUBAI / WAM The Dubai Maritime City Authority (DMCA) launched the Smart Mobile Service, the latest addition to the maritime innovation and transformation march, with positive interaction from exhibitors and visitors at the Dubai International Boat Show (DIBS) 2019 at Dubai Water Canal. Hailing from the smart car concept, the Smart Mobile Service, is equipped with state-of-the-art technological innov- ations offering …