November, 2019

• 11 November

  Oil majors take stakes in Abu Dhabi oil exchange

  

  ABU DHABI / WAM Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services, announced on Monday that Abu Dhabi National Oil Company (Adnoc), and nine of the world’s largest energy traders are partnering with ICE on the launch of ICE Futures Abu Dhabi, a new exchange in Abu Dhabi Global ...

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• 11 November

  Masdar acquires stake in India’s green energy firm

  

  ABU DHABI / WAM Abu Dhabi Future Energy Company (Masdar), a global leader in renewable energy projects, sustainable real estate, sustainable mobility and waste to energy, announced its investment in financing ‘Hero Future Energies’ — a clean-tech company. This is the second investment in the Hero Future Energies (HFE), portfolio, following initial $125 million made by International Finance Corporation (IFC), ...

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• 11 November

  Oil trades near six-week high on vague ‘trade deal’

  

  Bloomberg Oil retreated from a six-week high as ambiguous progress in US-China trade talks and worsening violence in Hong Kong damped sentiment across financial markets. Futures fell 1.2% in New York after President Donald Trump said that, while discussions with Beijing are moving along “nicely,” a deal hasn’t been reached and he won’t eliminate all tariffs. Meanwhile, Oman’s Oil Minister ...

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• 11 November

  Energy business on upward trajectory despite challenges

  

  ABU DHABI / WAM The Middle East region is witnessing a significant push towards downstream projects to improve refinery output and capacity, according to Paul Carthy, Managing Director, Accenture Energy Industry Group, Middle East and Turkey. Speaking to the Emirates News Agency (WAM), on the sidelines of the Abu Dhabi Petroleum Exhibition and Conference (Adipec), which opened on Monday, Carthy ...

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• 11 November

  Value of ERC initiatives in Indonesia hit AED440mn

  ABU DHABI / WAM The value of humanitarian and relief programmes and development projects implemented by the Emirates Red Crescent (ERC), in Indonesia since 1993 amounts to over AED440.4 million. The ERC recently launched several new projects, in coordination with the UAE Embassy in Jakarta, as part of its development efforts in Indonesia, including the construction and maintenance of 42 ...

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• 11 November

  Louvre Abu Dhabi welcomes 2m visitors since opening

  

  Abu Dhabi / WAM Louvre Abu Dhabi celebrates its second-year anniversary this month on the heels of several major achievements for the institution and the launch of new programmes, as well as a significant number of new artworks in the galleries. Since opening in 2017, Louvre Abu Dhabi has welcomed over two million visitors from around the world who have ...

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• 11 November

  Largest-ever Adipec kicks off in Abu Dhabi

  

  Abu Dhabi / WAAM The largest-ever Abu Dhabi Petroleum Exhibition and Conference (Adipec), was opened on Monday, as a global platform for industry best-practice and innovation, setting the agenda for the future of the energy, oil and gas sector. Over four days, the event will welcome more than 150,000 attendees from 167 countries, including senior decision-makers and industry thought leaders. ...

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• 11 November

  Cabinet OKs policy against domestic violence

  

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Monday a new Family Protection policy that includes mechanisms for protecting women, children, the elderly, and people of determination from any type of violence and abuse. In a Cabinet meeting chaired by His Highness ...

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• 11 November

  Sheikh Sultan opens Sharjah FDI Forum

  

  Sharjah / WAM The fifth edition of the region’s leading FDI event, the Sharjah FDI Forum, titled “Future Trends in Foreign Direct Investment”, got underway at Sharjah’s Al Jawaher Reception and Convention Centre, inaugurated by HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah. The forum is organised by the Sharjah FDI Office (Invest ...

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• 11 November

  Adnoc Distribution unveils new neighbourhood station

  

  Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s largest fuel and convenience retailer, on Monday revealed its next generation ‘Adnoc On the go’ station. Smart technology enabled, ‘Adnoc on the go’ brings Adnoc Distribution closer to its customers and the communities that it serves, allowing smaller neighborhood stations to be installed where traditional stations would be impractical. ‘Adnoc on ...

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