Abu Dhabi / Emirates Business Abu Dhabi’s Department of Economic Development (DED) has announced support for the Startup Hub at RDPETRO, the largest oil and gas conference in the world fully dedicated to research and development, to be held on May 9-10 in Abu Dhabi. This is especially significant as 2018’s conference will have a particular focus on tech start-ups ...

Abu Dhabi / WAM The General Secretariat of the Minister of Interior’s Scientific Research Award declared the launch of its fourth edition on Monday, starting with the registration process that will witness the acceptance of applications, along with a summary of their research. HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, ...

Abu Dhabi / WAM Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the 28th edition of the Abu Dhabi International Book Fair (ADIBF), will take place at the Abu Dhabi National Exhibition Centre, ADNEC, from April 25 to May 1. ADIBF ...

Abu Dhabi / WAM As global exploration, development and production of oil and gas resources shifts to more complex, remote and challenging fields, the need to rigorously safeguard people and the environment, as well as asset integrity, becomes ever more critical, according to Abdulmunim Al Kindi, Upstream Director at the Abu Dhabi National Oil Company (ADNOC). Delivering the keynote address ...

LONDON / Reuters Royal Dutch Shell defended its ambition to cut carbon emissions on Monday, urging investors to oppose a shareholder resolution arguing that the oil and gas giant is not doing enough to meet international targets to tackle climate change. The Anglo-Dutch company, like many of its peers, has faced growing investor pressure to address the need to reduce ...

KUWAIT / Reuters Kuwait’s oil minister said on Monday a pact between OPEC and non-OPEC producers to curb supplies would run to the end of the year and market conditions would determine whether to extend it further. Bakhit al-Rashidi also said the meeting of the Organization of the Petroleum Exporting Countries in June in Vienna would offer a chance to ...

AMSTERDAM / Reuters A fight over the planned privatisation of Dutch energy company Eneco resurfaced on Monday as its works council called for an inquiry after the company announced that its CEO will step down in September. A large majority of the company’s 53 municipal shareholders voted in October to privatise Eneco, while CEO Jeroen de Haas and works council ...

SYDNEY / Reuters Chevron Corp will proceed with the second stage of its giant Gorgon liquefied natural gas (LNG) export plant off the northwest coast of Western Australia, the company said. Chevron and its joint venture partners plan to sink 11 new wells in the Gorgon and Jansz-Io fields and build offshore pipelines and subsea structures to pipe the gas ...

Bloomberg US stocks rallied and Treasuries slid with oil as geopolitical tensions eased and investors turned their attention to corporate results. The S&P 500 Index padded last week’s gain after there was no immediate reprisal to US, France and the UK’s missile attack in Syria and the trade spat cooled. Treasury yields edged to the highest in three weeks, while ...

Bloomberg Saudi Arabia stocks were lifted on Monday by optimism about fund flows, while other bourses in the region were lacklustre. The Saudi index closed 1.0 percent higher, lifted by financial stocks. Insurance firm BUPA Arabia gained 5.5 percent after it recommended an increase in capital to 1.2 billion riyals ($320 million) from 800 million riyals through a 1-for-2 bonus ...