Dubai / WAM Emirates NBD on Wednesday announced that it has joined the rapidly growing community of members on CCRManager, a fintech platform supporting the origination and distribution of trade assets. The announcement is aligned with Emirates NBD’s digital strategy as the bank continues to lead innovation in digital banking in the region and actively participate in the fintech ecosystem. ...

Dubai / WAM A delegation representing the Ministry of Planning, Follow-up and Administrative Reformation, Egypt, visited on Wednesday the headquarters of the UAE Federal Competitiveness and Statistics Authority, FCSA, Dubai, as part of the strategic partnership between the two to enhance the government performance in Egypt. The partnership between the two covers areas of excellent performance, government capabilities and accelerators, ...

Dubai / WAM The Dubai Financial Services Authority (DFSA), on Wednesday announced the expansion of its Innovation Testing Licence (ITL), programme in response to continued interest in FinTech and the digital economy. The ITL programme enables firms to test innovations in financial technology, FinTech, in or from the Dubai International Financial Centre (DIFC). Six companies will form a new Cohort (Cohort 1) ...

Bloomberg The International Energy Agency cut forecasts for global oil demand growth in 2018 as the highest prices in three years put a brake on consumption. “The recent jump in oil prices will take its toll,” said the Paris-based agency, which advises most major economies on energy policy. Crude has climbed 17 percent this year, trading near $78 a barrel ...

Bloomberg Repsol SA will no longer seek growth for its oil and gas business in preparation for the global transition to cleaner energy, according to a person familiar with the matter. The Spanish energy company is the first of its peers to make such a move. It illustrates how the industry’s strategic decisions are starting to be influenced by emissions ...

Bloomberg Green investing in the UK fell 56 percent last year, sparking concerns in Parliament that the nation will not maintain its lead in clean energy or meet climate targets after leaving the European Union. “Billions of pounds of investment is needed in clean energy, transport, heating and industry to meet our carbon targets,” said Mary Creagh, a member of ...

Bloomberg Wildfire season in Alberta began with a blaze that cut power to a key pipeline in the oil sands, causing heavy crude prices to surge. Inter Pipeline Ltd. is in the process of restoring service to parts of its Polaris Pipeline system after power was cut to the line’s Lamont Station, the company said. The line, which carried 194,000 ...

Bloomberg More than a quarter of US nuclear power plants don’t make enough money to cover their operating costs, raising the threat of more early retirements. Of the 66 nuclear power plants operating in the US, 24 are either scheduled to close or probably won’t make money through 2021, according Nicholas Steckler, an analyst with Bloomberg New Energy Finance. These ...

Bloomberg Ivory Coast is close to completing a deal with the local unit of France’s Eranove SA for the construction of a thermal-power plant that could expand the country’s generation capacity by almost a fifth, according to two people familiar with the matter. The 300 billion CFA franc ($530 million) gas-fired facility will be owned by Cie Ivoirienne de Production ...

Bloomberg European officials aren’t letting a first-quarter slowdown undermine their confidence in the economy, but an upcoming round of numbers may test their view that the winter blues will pass. Descriptions by various European Central Bank policy makers have ranged from solid to robust and strong when asked about the recent performance. Even after Germany, the euro area’s economic engine, ...