Bloomberg Opec ministers started hashing out the size of the cartel’s oil-production cuts for next year, as the group’s president called for caution in a fragile market. The coalition that pumps half the world’s crude is debating whether to maintain supply at current levels or increase it as planned in January. Some members are concerned that global markets remain too ...

TOKYO / WAM Japan imported from the United Arab Emirates 21.850 million barrels of crude oil in October 2020, data released by the Agency of Energy and Natural Resource in Tokyo showed. This accounts for 31.2 percent of Japan’s total crude imports, the agency that belong to the Ministry of Economy, Trade and Industry, said. Saudi Arabia provided 29.761 mmb, ...

Dubai/ WAM The UAE has been identified as a key market where Angola is looking to attract foreign direct investment in a wide variety of economic sectors, such as agriculture and agroindustry, fisheries, and manufacturing, government and business leaders have revealed. Their comments came during the recent “Expand Your Business to Angola” webinar organised by Dubai Chamber of Commerce and ...

ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF) sent a message of pride and gratitude to the mothers and families of martyrs on the occasion of the annual Commemoration Day on November 30. In ...

ABU DHABI / WAM The Non-performing Debt Relief Fund announced on Monday that 12 banks had waived the debts of 1,607 Emirati citizens, with a total value of more than AED869.85 million. The banks that participated included First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Al Hilal Bank, Mashreq Bank, Emirates NBD, Abu Dhabi Islamic Bank, Standard Chartered, RAKBANK, Commercial ...

ABU DHABI / WAM Agthia Group held its 15th General Assembly Meeting on Monday, during which the company’s shareholders approved the proposed strategic combination with Al Foah Company LLC, the world’s largest date processing and packaging company. Aghhia is a food and beverages company owned by General Holding Corporation (Senaat) — part of ADQ, one of the region’s largest holding ...

DUBAI / WAM DP World, UAE Region and Jebel Ali Free Zone (Jafza), have organised a webinar for Japanese companies operating in the UAE. The webinar shed light on the initiatives taken by them to tackle the unforeseen challenges that arose due to the Covid-19 pandemic, ensuring business continuity and promoting the well-being and safety of the community. The webinar ...

Bloomberg Eskom Holdings SOC Ltd, South Africa’s biggest polluter, said it will be charged with supplying misleading information to a government air quality officer, exceeding emission limits at the Kendal coal-fired power plant and breaching its Atmospheric Emission License. The 4,116-megawatt facility had its pollution abatement equipment damaged during a 2018 strike and has since been the subject of a ...

Bloomberg National Grid Plc is starting a hydrogen research facility to test how Britain’s gas transmission network can be used to transport hydrogen to heat homes or applied to industry. The 12.7 million-pound ($17 million) project will receive almost three quarters of its funding from Ofgem as part of the energy regulator’s Network Innovation Competition, announced on Monday, with the ...

Bloomberg China’s third-biggest oil company faces a US blacklist, which could spur major outflows from its Hong Kong-listed unit, after years of involvement in offshore drilling in disputed South China Sea waters. China National Offshore Oil Corp (CNOOC), the nation’s main deepwater explorer, is among four companies to be added to a list of firms owned or controlled by the ...