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Earth Hour strengthens UAE role in tackling climate change, says Al Mazrouei

  Abu Dhabi / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, has said the United Arab Emirates is keen to join global environmental conservation and preservation efforts to protect the environment and reduce greenhouse gases. In a statement marking Earth Hour, a global event observed worldwide to encourage individuals, communities, households and businesses to turn off ...

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MBRF launches competition for UAE entrepreneurs

  Dubai / WAM The Mohammed Bin Rashid Fund (MBRF) announced a new competition as part of the ‘Careers UAE’ fair with a total prize money of AED1 million on offer for future UAE entrepreneurs. The competition named “START”, was launched under Dubai SME, an agency of the Department of Economic Development, DED, in Dubai, and aims to assist unemployed Emiratis ...

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No free afternoon parking in Sharjah from April 1

  Sharjah / WAM The free afternoon parking from 1pm to 5pm in the Emirate of Sharjah will be cancelled effective April 1, the Sharjah City Municipality announced. “The new paid parking times will be from 8.00 am till 10.00 pm every day except for Fridays and public holidays,” said Salim Al Suwaidi, Assistant Director-General for Customer Service at Sharjah Municipality. ...

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More producers call to roll over oil curbs

  Bloomberg Venezuela, Iraq and Oman added their support for a possible extension of global oil-production cuts beyond June as mom entum builds among OPEC members and other crude producers to prolong the strategy to re-balance the market and prop up prices. Oil minsters for the three countries commented on Sunday, a day after Algeria’s Energy Minister Noureddine Boutarfa called ...

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Libya’s biggest port loading first oil tanker since clashes

  Bloomberg Libya’s biggest oil terminal is loading its first tanker since fighting between armed groups earlier this month halted shipments from two ports in the country with Africa’s largest crude reserves. The Suezmax vessel Demetrios, which can carry as much as one million barrels, is loading at the port of Es Sider for export to China, according to a ...

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Shell sells Gabon oil assets to Carlyle for $587 million

  Bloomberg Royal Dutch Shell Plc has agreed to sell its onshore oil assets in Gabon to a unit of Carlyle Group LP for $587 million, taking it closer to its $30 billion divestment target. Carlyle’s unit Assala Energy Holdings Ltd. will also take on $285 million of debt from Shell’s Gabon unit and will make an additional payment of ...

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California deepens Trump rift, keeps clean emission rules

  Bloomberg California’s environmental regulator broke with the Trump administration by maintaining its cleaner- car standards through 2025 and launching a formal effort to write even tougher rules for the following five years. The California Air Resources Board voted unanimously to maintain the state’s 2025 limits on tailpipe greenhouse gas emissions and begin drafting stricter goals for zero-emission vehicle sales ...

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