Abu Dhabi / WAM Thanks to the far-sighted vision of the late Founding Father, Sheikh Zayed bin Sultan Al Nahyan, the UAE has become a symbol of humanity and fraternity as well as an icon of tolerance and giving that extended to people regardless of their origin, race, colour, sex, religion or faith, culture, and doctrine or sect, stated Sheikh ...

Dubai / Emirates Business Small business owners are confident the remainder of 2018 will be a period of strong growth. A new MEED survey of 75 of the UAE’s top SMEs conducted shows more than 60% are confident of achieving as much as 20% growth compared to their performance last year. For 13% of the respondents, an even more robust ...

Abu Dhabi / WAM Abu Dhabi Police have announced positive results in traffic safety during the four months of the year with a reduction in general traffic accidents by 11 percent, fatalities by 22 percent, serious injuries by 14 percent and run-over deaths by 50 percent despite an 11 percent increase in the number of vehicles and 6 percent in ...

Dubai / WAM Dubai has won the bid to host the 12th World Chambers Congress (WCC) in 2021, which will see the participation of 14,000 chambers of commerce from 100 countries. The 12th WCC will be held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of ...

Bloomberg Royal Dutch Shell Plc is attempting to market some of its natural gas as clean energy, packaging it with credits for eco-friendly projects that offset pollution coming from the fuel. The oil giant is offering business customers in Europe a combination of gas and certificates that show emissions are offset with financing for carbon-reduction projects. It’s testing markets in ...

Bloomberg South Africa plans to invite bidders for additional renewable power projects that may amount to as much as 50 billion rand ($4 billion) of investment and help stimulate local and black-owned business. The fifth bid window for 1,800 megawatts of renewable projects under the government’s independent power producers program will start in November, according to a copy of Energy ...

Bloomberg US natural gas futures are having their best May rally since 2010 as hot weather boosts demand for the power plant fuel, slowing efforts to refill depleted inventories. Prices rose to a four-month high after the Energy Information Administration reported inventories rose by 96 billion cubic feet last week to 1.725 trillion. The median estimate by analysts predicted a ...

Bloomberg Italian power giant Enel SpA won a highly contested multibillion-dollar battle for AES Corp.’s Brazilian utility in a move that will more than double its presence in the country’s electricity distribution market. Enel’s 45.22 reais-a-share ($12.14) offer for Eletropaulo SA topped a final one by leading rival Iberdrola SA of Spain in sealed bids opened on the Sao Paulo ...

Bloomberg General Electric Co. is moving closer to a sale of its industrial gas-engine business for more than $3.5 billion after narrowing the list of bidders, according to people familiar with the matter. Manufacturers Cummins Inc. and Kohler Co., as well as a group comprised of investment firms KKR & Co. and B&C Industrieholding GmbH, advanced to the next round ...

Bloomberg US Secretary of Defense James Mattis said the world have to deal with China’s militarisation of the South China Sea for now, but that Beijing would face “larger consequences” in the long term that could persuade it to change track. Beijing’s deployments of missile batteries and bombers to outposts in disputed areas appear aimed at intimidating neighbours, Mattis told ...