November, 2017

• 13 November

  Sharjah’s pipeline network can pump 1 billion cubic feet of gas

  Abu Dhabi / WAM Hatem Al Mosa, Chief Executive Officer of the Sharjah National Oil Corporation (SNOC), said that Sharjah’s strong pipeline network can deliver any amount of gas to the market. Speaking at the UAE Ministry of Energy and Industry Knowledge Series panel discussion entitled, “Oil and Gas Outlook to 2020, What Stage of Cycle are We in?” on …

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• 13 November

  ADFD allots $45mn grant to Colombia

  

  ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), has extended an Abu Dhabi government grant worth $45 million (AED165 million) to Colombia. Aimed at underpinning social development, the grant will assist in establishing a network of education and health centres, in addition to launching a programme to support small and medium enterprises, SMEs. Mohammed Saif Al Suwaidi, Director-General of …

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• 13 November

  200 global health leaders to converge in Abu Dhabi

  

  ABU DHABI / WAM 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, over 200 global health leaders will gather in Abu Dhabi on Wednesday, for ‘Reaching the Last Mile – Mobilising Together to Eliminate Infectious Disease’. This milestone convening of government officials, …

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• 13 November

  Ali Shaukat joins ADNIC

  ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals further strengthened its executive management team with the appointment of Ali Shaukat as Senior Vice President for Risk Management. With more than 28 years’ experience, in-depth industry knowledge and technical skills across various industries in Canada, Middle East, …

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• 13 November

  DCCI to launch 10th cycle of ‘MRM’ award today

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) has finalised its preparations to host the International Conference launching the 10th cycle of the Mohammed bin Rashid Al Maktoum (MRM) Business Award, and the 2nd cycle of the MRM Business Innovation Award. The high-profile conference, entitled ‘Drivers of Growth in Organisations of the 21st Century: Harnessing the …

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• 13 November

  Khalifa University highlights research plans in energy sector

  

  Abu Dhabi / Emirates Business The Khalifa University of Science and Technology, a research university dedicated to the advancement of learning through teaching and research and to discovery and application of knowledge, has announced it is participating through Petroleum Institute as an academic partner in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2017. ADIPEC, which opened today, runs …

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• 13 November

  Oil cuts only viable option to steady market: OPEC head

  

  Bloomberg The oil market is re-balancing at a quickening pace and production cuts are the “only viable option” to restore stability, OPEC Secretary-General Mohammad Barkindo said. The Organization of Petroleum Exporting Countries should decide at its meeting later this month whether or not to extend the cuts, United Arab Emirates Energy Minister Suhail Al Mazrouei said in a speech at …

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• 13 November

  Aramco CEO says size of share offering yet to be decided

  

  Bloomberg Saudi Arabian Oil Co. is still waiting for a decision on how many of its shares will be offered to the public, or where the listing will be made outside of the kingdom, according to Chief Executive Officer Amin Nasser. The shares will definitely be listed in Saudi Arabia’s market known as Tadawul, Nasser told reporters on Monday at …

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• 13 November

  China Gas sees sales growth

  

  BEIJING / Reuters China Gas Holdings, one of China’s largest domestic natural gas distributors, expects sales to rise 30-45 percent this fiscal year and “sustainable high growth” the next few years due to Beijing’s clean air push, the company’s founder said. China Gas, which counts South Korea’s SK Group and India’s GAIL among its investors, plans to expand its extensive …

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• 13 November

  Omantel to buy 12% stake in Kuwait’s Zain

  

  DUBAI / Reuters Oman Telecommunications (Omantel) will pay $1.35 billion to buy a further 12.1 percent stake in Kuwaiti telecoms company Zain in a deal that will expand its reach to nine Mid- dle Eastern and North Afri- can countries. It paid 0.781 Kuwaiti dinars ($2.58) per share, around 74 percent above the current listed price, for the stake, which …

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