September, 2019

• 11 September

  Masdar, EDF to establish joint venture energy services firm

  

  Abu Dhabi / WAM The Abu Dhabi Future Energy Company (Masdar), a subsidiary of the Mubadala Investment Company, and French low-carbon electricity leader (EDF), have signed an agreement to establish a 50:50 joint venture energy services company (ESCO), in order to expand into non-utility scale renewables and energy-efficiency investments in the UAE, GCC region and other emerging countries. These would ...

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• 11 September

  DFM launches ‘myAccount’ e-service for cash dividends

  

  Dubai / WAM As part of its strategy to provide market participants with smart and efficient solutions in line with the leadership’s digital transformation vision, the Dubai Financial Market (DFM), on Wednesday launched the “myAccount” service, an electronic account that enables investors to seamlessly transfer dividend amounts to their iVESTOR Card accounts, bank accounts, as well as to pay for ...

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• 11 September

  Enabling new opportunities, technology explored at WEC

  

  Abu Dhabi / WAM Driving change for sustainable energy, the use of technology and the future of oil were among the key topics discussed as day two of the 24th World Energy Congress focused on the business outlook of the industry. The most critical issues continued to be addressed in Abu Dhabi as thousands of people including ministers and delegates ...

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• 11 September

  Norway confident gas supplies to keep flowing in event of hard Brexit

  

  Bloomberg The man in charge of Norway’s trade policies is sanguine about the prospects of the country’s largest export destination potentially leaving the European Union without a deal. Torbjorn Roe Isaksen, Norway’s Trade and Industry Minister, is this week meeting with colleagues in London to discuss trade in the run-up to Brexit and sketch the framework for a permanent agreement ...

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• 11 September

  World in need for more power from natural gas

  

  Bloomberg The world will probably need more power from natural gas in the coming decades than previously thought because low electricity prices during the day could limit the rise in solar plants. The cleanest fossil fuel’s share of the primary energy mix in 2050 will be as much as 29%, according to a report by energy and maritime risk services ...

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• 11 September

  China EV sales drop 16% in August

  

  Bloomberg Chinese electric-car sales fell for a second straight month after the government scaled back subsidies, the latest sign that one of the final pillars of strength in the world’s largest automobile market is crumbling. Sales of new energy vehicles — all-electric, fuel-celled autos and plugin hybrids — declined 16 percent from a year earlier to 85,000 units in August, ...

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• 11 September

  US firms in China reject Trump’s trade war tactics

  

  Bloomberg US companies on the front line of the trade war are increasingly pessimistic about President Donald Trump’s strategy to boost their sales in the Chinese market, according to a new survey by a leading business organisation. Of the 333 members taking part in an annual survey by the American Chamber of Commerce in Shanghai, 75 percent said they opposed ...

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• 11 September

  Hong Kong protests scare away 90% of mainland tour groups

  

  Bloomberg The protests in Hong Kong, now in their 15th week, continue to impact the city’s tourism industry and in particular visitors from mainland China, who are usually its biggest group of tourists. The number of Chinese group tours to the city fell 90 percent compared to a year ago in the first ten days of September, according to data ...

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• 11 September

  Philippines’ key promoter fights for tax benefits

  Bloomberg As Southeast Asian nations woo companies moving away from China amid the trade war, the Philippines risks turning away investment by trimming tax incentives, a key government investment promoter said. “Instead of enhancing our incentives to take advantage of opportunities, we are making things complicated,” Philippine Economic Zone Authority Director General Charito Plaza said at a briefing in Manila ...

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• 11 September

  Apple TV forays into Indian market

  

  Bloomberg Apple Inc is jumping into India’s crowded film and TV streaming market with services that could undercut premium global brands like Netflix Inc and Amazon.com Inc that are also betting on growth in the country. The technology giant’s Apple TV+ includes original content from filmmakers including M Night Shymalan and will be available from November 1 via the Apple ...

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