Bloomberg Saudi Arabia’s energy minister said that Opec and its allies remain focused on using production cuts to reduce oil inventories to normal levels, undeterred by the flare up of political tensions in the Middle East. Oil prices have erased all of this year’s rally, which saw Brent crude surge to a three-month high of almost $72 a barrel. Opec ...

ABU DHABI / WAM Group 42, an Abu Dhabi-based artificial intelligence and cloud computing company, announced on Monday that it has acquired Bayanat for Mapping and Surveying Services LLC, an end-to-end and customised geospatial data products and services provider. Bayanat has been a leader in the geospatial domain since its launch in 2010, delivering various geospatial solutions and services, providing ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), exchanged signing of agreements with Indonesia’s Pertamina and Chandra Asri. Adnoc signed a Memorandum of Understanding (MoU), to explore potential development of a Crude to Petrochemicals complex in Balongan, Indonesia as well as a Sales Agreement in which Adnoc will supply Pertamina with up to 528,000 MT of LPG ...

Abu Dhabi / Emirates Business Etihad Guest, the award-winning loyalty programme for Etihad Airways, has inked a new partnership with Gulf Air, the national carrier of the Kingdom of Bahrain, further enhancing benefits for its members. The partnership expands on codeshare agreement between the two airlines and provides further cooperation between the frequent flyer programmes, Etihad Guest and Falconflyer. This ...

Abu Dhabi / Emirates Business The media plays an increasingly significant role in our lives as a trusted source for news and information, and beyond that also a source for entertainment. It is also a powerful communications platform for the society with the ability to influence people’s opinions and perceptions therefore making a significant social impact at all levels, highlighted ...

Dubai / Emirates Business At the start of a new decade, Emirates SkyCargo, the freight division of Emirates, is geared up to facilitate global trade and cargo movement in 2020 and beyond through a combination of innovative product development and investment in ‘fit for purpose’ infrastructure. “The outlook for 2020 is more positive with the air cargo industry set to ...

DUBAI / WAM Glimpses into Air Traffic Control (ATC), modernisation and innovation will be provided to aviation industry stakeholders at the ATC Forum which is returning for its third straight year in June 2020 during the Airport Show, the world’s largest annual airport industry gathering. The event is coming at a time when it has been predicted that more than ...

Bloomberg Tens of thousands of people in the Philippines are being evacuated from an erupting volcano 40 miles (65 kilometres) south of the capital as some 144 earthquakes could signal “further eruptive activity.” The Philippine Institute of Volcanology and Seismology kept the alert status at the second highest level at its 4 pm bulletin, reiterating a call for total evacuation ...

Bloomberg A Pakistan high court has said that a special court set up to try former military dictator and president Pervez Musharraf was illegal and consequently suspended the death sentence handed out to him in absentia for treason. A three-judge panel of the Lahore High Court, headed by Sayyed Mazahar Ali Akbar Naqvi, announced the verdict on Monday saying procedure ...

Bloomberg An investigation by Hong Kong’s police watchdog into the conduct of the city’s officers throughout recent unrest has revealed “many shortcomings,” the Hong Kong Economic Journal reported. The 300-page report from the Independent Police Complaints Council (IPCC) found a failure to separate peaceful demonstrators from violent protesters, the newspaper reported. The probe also determined there was a lack of ...