Abu Dhabi / WAM The National Petroleum Construction Company (NPCC), part of Senaat Abu Dhabi, announced that innovative applications have saved the company AED210 million. The company organised an Innovation Award ceremony at Park Rotana Hotel, which was attended by NPCC’s clients from ADNOC and ARAMCO, shareholders of Senaat and NPCC employees. The ceremony was organised to recognise, reward employees ...

CANCUN / WAM Having concluded their participation in the fifth session of the summit held on March 7 in Cannon, Mexico, Abu Dhabi Department of Economic Development, and Abu Dhabi Environment Authority, announced that Abu Dhabi will host the sixth session of the 2019 World Summit of the Oceans. This announcement has been declared during the AD Emirate Governmental bodies’ ...

Abu Dhabi / WAM The Federal Tax Authority (FTA), has reaffirmed that registering for Value Added Tax (VAT), can be done in three easy steps through the e-Services portal on the Authority’s website, taking no longer than 15-20 minutes. The Taxable Person or an official representative can register through the e-Services portal, available 24/7 on the FTA website, which was ...

LONDON / Reuters State oil giant Saudi Aramco signed a preliminary deal to pursue international gas opportunities with Royal Dutch Shell as part of top crude exporter Saudi Arabia’s diversification drive before the listing of Aramco. The memorandum of understanding (MoU) signed in London between the two companies was during the official visit of Saudi Crown Prince Mohammed bin Salman ...

Bloomberg The leaders of France and India reiterated their intention to start work by the end of this year on what could become the world’s largest nuclear power plant, advancing talks that have continued for nearly a decade. French President Emmanuel Macron and Indian Prime Minister Narendra Modi urged Electricite de France SA and India’s monopoly atomic energy producer, Nuclear ...

Bloomberg A global coalition aimed at supporting the use of solar power is expected to announce a slew of projects worth about $700 million during its inaugural conference this weekend in New Delhi, according to government officials familiar with the matter. The International Solar Alliance, an initiative launched at the Paris climate talks in 2015, plans to unveil 20 projects ...

Bloomberg Sunrun Inc., the largest US residential-solar company, is seeking about $500 million to fund more rooftop-power systems, according to people familiar with the company’s plans. South African bank Investec Plc is leading the five-year deal, according to the people, who declined to comment because they weren’t authorized to speak publicly. The funds would refinance and expand an existing credit ...

Bloomberg Short-selling is creeping back into the oil market as fears increase that the US will be awash with oil again. Hedge funds boosted bets on falling West Texas Intermediate crude prices by the most this year after American production surged to record levels. While OPEC this week reaffirmed its commitment to rebalancing the market, US fields are forecast to ...

Bloomberg A shudder reverberated through the global technology sector as the Trump administration considers tariffs on Chinese imports including consumer electronics. Under the most severe scenario being weighed, the US could impose tariffs on a wide range of Chinese imports from shoes and clothing to tech gadgets, said two people familiar with the matter, who asked not to be identified ...

Bloomberg The Supra is back, and it’s more than a halo car for Toyota Motor Corp. It’s a statement of intent. President Akio Toyoda is resurrecting Toyota’s most iconic sports car after a 16-year break to get customers excited about gripping a steering wheel at a time when the industry races towards self-driving cars. Six years in development, Asia’s biggest ...