Dubai / Emirates Business Emirates is offering special fares in the UAE to over 20 global destinations in its network. Passengers can now take advantage of the upcoming UAE National Day long weekend and plan a short holiday getaway, or visit family and friends back home, within Emirates’ vast network. The offer applies to bookings made on Monday until November ...
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Aqdar World Summit from Nov 26-28
ABU DHABI / Emirates Business Abu Dhabi is set to host the second edition of Aqdar World Summit this month from November 26-28 at the Abu Dhabi National Exhibition Centre (Adnec). Aqdar World Summit held under the motto “Nourishing Mind, Flourishing Nations†presents an international platform that discusses topics of great importance to human empowerment and sustainable development. Aqdar World ...
Read More »Saudi sees need for major oil supply cut as fears of glut grow
Bloomberg Saudi Arabia said OPEC and its allies should reverse about half the increase in oil output they made earlier this year as fears of shortages are supplanted by concerns about oversupply and collapsing prices. Producers need to cut about 1 million barrels a day from October production levels, Saudi Arabia’s Energy Minister Khalid Al-Falih said in Abu Dhabi on ...
Read More »South Africa defends use of coal as it seeks progress on climate
Bloomberg South Africa’s deputy energy minister expects the latest round of climate talks will make global markets cleaner starting next year and defended her nation’s coal use as a way to reduce poverty. “With the Germans, they can say ‘We’re moving from driving a Corolla to a BMW,’ while we are still trying to get the bicycle,†said Thembisile Majola, ...
Read More »$8bn Keystone XL pipeline hits another setback
Bloomberg TransCanada Corp’s $8 billion Keystone XL pipeline may face another eight months of delay after a court ruling raised issues with a four-year-old environmental review. A Montana federal judge found that the 2014 environmental assessment by the Obama administration fell short. President Donald Trump used that review in a March 2017 decision allowing the project to proceed. Now, the ...
Read More »EOG Resources joins oil’s $1 billion-a-quarter club
Bloomberg The well-heeled, buttoned-down world of international oil now has competition from cowboy boots and jeans. EOG Resources’ $1.1 billion in Q3 adjusted net income vaulted biggest US shale driller into same league as Italian giant Eni, ConocoPhillips and Occidental Petroleum and ahead of Spain’s Repsol. But there’s one difference: EOG is growing production at more than 20 percent a ...
Read More »Trump leaves World War I event isolated among allies
Bloomberg For US President Donald Trump, attending a French-run ceremony to commemorate World War I, a bloodletting that highlighted the value of allies and dangers of nationalism, was never going to be easy. By the time he flew home on Sunday he appeared isolated and, by some, scorned. Trump arrived fresh off midterm elections where his party lost control of ...
Read More »Pressure mounts on center-right alliance ahead of Swedish vote
Bloomberg Two months after Sweden’s inconclusive election the country still has no government and the center-right Alliance coalition risks splitting up amid deep disagreements over whether to accept support from nationalists. Sweden is facing what could be the most tumultuous week yet after the September 9 vote, which saw the anti-immigration Sweden Democrats emerge as king-makers with none of the ...
Read More »May under siege to ditch Brexit plan
Bloomberg Pressure is building on UK PM Theresa May to ditch her Brexit plan or face a catastrophic defeat in Parliament. Britain and the European Union have been edging towards an agreement after 16 months of talks, with the aim of getting a deal wrapped up at a summit in November. But as domestic opposition builds, momentum seems to be ...
Read More »Ousted Lankan PM  challenges president’s decision in top court
Bloomberg Sri Lanka’s ousted prime minister Ranil Wickremesinghe is mounting a legal challenge against President Maithripala Sirisena’s decision to dissolve the island nation’s parliament and call a snap general election. On Monday, the deposed prime minister’s United National Party and the opposition Tamil National Alliance filed formal petitions with the Supreme Court challenging the dissolution of parliament, according to party ...
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