November, 2020

• 9 November

  DMCC office in Shenzhen to woo ‘new wave’ of business to Dubai

  

  Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – on Monday announced the official opening of a representative office in Shenzhen, China, that is expected to usher in a new wave of business opportunities to Dubai. The office setup is in partnership with Yingtian Global – an award-winning ...

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• 9 November

  UAE oil reserves reach 97.8bn barrels in 2019

  

  Abu Dhabi / WAM The UAE’s overall crude oil reserves reached 97.8 billion barrels in 2019, according to figures released by the Federal Competitiveness and Statistics Authority (FCSA). The figures showed that the country’s production of crude oil stood at 3.058 million barrels per day (bpd) during the same period. FCSA also reported that natural gas production in the UAE ...

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• 9 November

  Virtual Adipec 2020 gets underway in Abu Dhabi

  

  Abu Dhabi / WAM Under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Abu Dhabi on Monday hosted the 36th virtual edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). The gathering oil and gas industry leaders has seen almost 20,000 participants registering for the online event. Adipec 2020 offers an opportunity for global industry ...

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• 9 November

  Abu Dhabi’s Hudayriyat leisure district to open today

  

  ABU DHABI / WAM Modon Properties announced the opening of Hudayriyat Leisure and Entertainment District on Tuesday. The destination is set to offer a wide array of food and beverage outlets, facilities for sports activities, and other entertainment and leisure offerings. According to the precautionary measures in place for Covid-19, visitors are required to pre-book in advance to enter. Ahmed ...

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• 9 November

  Canada’s Enbridge joins Shell, BP with 2050 emissions goal

  

  Bloomberg Enbridge Inc became the largest company in the North American oil industry to set a goal of eliminating all net emissions from its operations by 2050, joining major European producers in providing climate-conscious investors with a plan to tackle global warming. The pipeline giant also established an interim target of reducing the intensity of greenhouse-gas emissions from its operations ...

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• 9 November

  For a strong start, Biden needs a smooth transition

  

  President-elect Joe Biden is preparing to lead the US at an increasingly troubling time. Americans face a host of challenges, from surging Covid-19 infections and slowing economic growth to worsening inequality and deep political and social divisions. The Biden administration will be under pressure from Day One and would have a better chance at getting off to a strong start ...

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• 9 November

  Virus whips up cold Russian winter

  

  Coronavirus infections are hitting records again in Russia, the world’s fifth hardest-hit nation in absolute terms. This time, the provinces are bearing the brunt, with nearly three-quarters of new cases registered outside of Moscow. Worrying reports suggest some areas are running out of beds, doctors and even oxygen. Even going by official numbers that may understate the toll, this latest ...

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• 9 November

  StanChart wants to go way beyond WFH

  Standard Chartered Plc is straining every sinew to get ahead of the changes the pandemic might make to people’s work-life balance. Perhaps it’s trying to take things a little too far. The emerging markets bank says it will “push the boundaries” for half of its 85,000 staff, who work in nine of the 55 countries where it operates. From early ...

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• 9 November

  How hydrogen is and isn’t future of energy

  Surely hydrogen is the future of energy. Why else would the European Union, as part of its Green Deal, plan to shovel $550 billion into infrastructure to electrolyse and use the stuff? Why else would China, Japan and South Korea be placing their own huge bets on the gas? The enthusiasm about hydrogen has a simple reason: Whether it’s used ...

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• 9 November

  Virus-ravaged India bets on farmers to rescue economy

  

  Bloomberg India’s economy left cratered by the pandemic is drawing energy from one of its invisible and often-neglected engines: farmers. Business leaders, policy makers and politicians alike are pinning hopes on the rural sector as bountiful rains have set the stage for another year of record crops. Higher disposable incomes with farmers are expected to boost demand from automobile to ...

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