Sharjah / WAM Sharjah Media City, Shams, the world-class free zone hub for innovation, has signed an agreement with leading property consultancy Cluttons, to conduct market feasibility and analysis studies on relevant real estate products and options for Shams. The company is also assigned to develop innovative, high quality real estate solutions. “We are delighted to welcome our strategic partner, ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA), has invited companies and organisations working in energy, water, the environment, and renewable energy to participate and display their products and services at the 19th Water, Energy, Technology, and Environment Exhibition (WETEX), and the 2nd Dubai Solar Show which will be held from October 23-25 at the Dubai International Convention and ...

Abu Dhabi / WAM Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports in UAE, has rolled out the annual UAE Ministry of Labour and Abu Dhabi Occupational Health and Safety Centre, OSHAD, “Working Safely in the Heat” campaign across its ports and Khalifa Industrial Zone Abu Dhabi (KIZAD). The campaign is being held for ...

Abu Dhabi / WAM ADNOC Distribution has announced that an updated version of its free-to-download mobile app is now available for customers, suppliers and the public. The upgraded app serves as a one-stop-shop for all ADNOC Distribution’s services and allows customers to explore and stay-up-to date with ADNOC Distribution’s latest facilities and information. As part of the new release, the ...

Abu Dhabi / WAM MRO supply chain and logistics company, Farsound Aviation, has secured a multi-million-dollar contract renewal with Turbine Services and Solutions (TS&S) Aerospace, a specialised and leading maintenance, repair and overhaul provider for aircraft engines located in Abu Dhabi. The contract represents the renewal of an existing agreement and business relationship between the two organisations. David Skinner, Managing ...

Bloomberg BP Plc and Reliance Industries Ltd. will invest as much as $6 billion to revive gas output from offshore India and plan to expand their partnership to sell transport fuels amid efforts to boost the use of cleaner-burning energy in the world’s demand growth center. The companies are resuscitating a partnership born in 2011, encouraged by several government reforms, ...

Bloomberg Summer is about to kick in, and that’s good news for US natural gas bulls. Gas futures jumped 4.2 percent, the steepest one-day gain in 10 weeks, after a government report showed stockpiles grew less than expected. Prices could extend gains given forecasts for unusually warm weather that’s set to sweep across most of the lower- 48 states in ...

Bloomberg India’s coal-fired power capacity may hardly grow over the next decade despite plans to build new plants as older facilities that can’t meet new environmental guidelines face closure. The nation may need to scrap about 40 gigawatts of thermal capacity that can’t be modernized to meet emission targets, according to Central Electricity Authority Chairman Ravindra Kumar Verma. That’s roughly ...

Bloomberg As if a mini-collapse in oil prices wasn’t bad enough for OPEC, the pattern in which futures contracts are trading years from now has flipped into the worst possible structure for the exporter group. Brent and West Texas Intermediate crudes, down almost 15 percent since late May, are both trading in contango, where forward prices get higher all the ...

Bloomberg A group led by Bain Capital LP and Japanese investors has offered about 2.1 trillion yen ($19 billion) for Toshiba Corp.’s semiconductor division, emerging as a leading bidder in the hotly contested auction, according to people familiar with the matter. The US private equity firm has the backing of state-supported Innovation Network Corp. of Japan and Development Bank of ...