July, 2019

• 28 July

  Aldar awards contracts worth AED1b for Abu Dhabi projects

  

  ABU DHABI / WAM Aldar Properties on Sunday provided its latest quarterly update on projects under development across its key destinations in Abu Dhabi. According to a statement issued by the company, work on infrastructure in Alreeman, a residential and commercial investment zone in the Alshamkha, which was launched earlier this year, commenced in July following the appointment of Tristar ...

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• 28 July

  Careem, NBK in deal for online payments

  

  Emirates Business Careem and National Bank of Kuwait (NBK) on Sunday announced a partnership that will see NBK manage the collection of Careem customer payments. The partnership will facilitate the backend collection of Careem customer payments though NBK. “Through our new partnership with NBK, Careem customer payments will now be collected via NBK. We are delighted to join forces in ...

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• 28 July

  DCT Abu Dhabi rolls out new hospitality workshop series

  

  ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi has continued its strategic support for the hospitality industry by conducting a second series of workshops as part of the rollout for the ‘Ghadan 21’ government accelerator programme. The workshops hosted leaders from all of Abu Dhabi’s hotels to help bring the hospitality industry up to speed ...

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• 28 July

  Abu Dhabi’s social agency services achieve 92% customer satisfaction

  

  ABU DHABI / WAM The Abu Dhabi Department of Community Development (DCD) said that 92 percent of customers were satisfied with the services provided by agencies working in the community development sector, while another 92 percent of complaints were resolved out of 468 total complaints received during the first half of this year. The department also revealed that the rate ...

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• 28 July

  Federal supreme court project 85% complete: Musanada

  ABU DHABI / WAM Abu Dhabi General Services Company (Musanada) revealed that work of Federal Supreme Court Building project is progressing as planned and in line with the agreed schedule at a cost of nearly AED159.5 million. Comprising a total built-up area of 25,000 square metres, the project completion percentage currently stands at 85 percent, said a Musanada press release ...

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• 28 July

  New set of ‘Future Projects’ announced in Dubai

  

  DUBAI / WAM Dubai Future Foundation has announced the selection of a number of local and global startups to work on a series of future projects in collaboration with three government entities within the first round of Dubai Future Accelerators’ 6th Cohort. Nine startups from around the world succeeded in finding innovative solutions to challenges launched by Dubai Police, the ...

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• 28 July

  Chevron wins Venezuela waiver

  

  Bloomberg Chevron Corp. and four oil services companies won a last-minute US government reprieve to continue producing oil in Venezuela, albeit only for a 90-day period. The US Treasury Department supported Chevron’s request to extend its sanctions waiver by six months, but the majority of other government agencies involved opposed any extension at all, a senior administration official told reporters ...

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• 28 July

  Pemex reduces fuel imports after theft crackdown

  

  Bloomberg Petroleos Mexicanos imported less gasoline and diesel in the second quarter as its refineries produced more fuel and the government cracked down on fuel theft. Gasoline and diesel imports totalled 734,000 barrels a day, down 8.5 percent from the same period in 2018, according to a company presentation. Crude output dropped 10 percent compared with the same period a ...

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• 28 July

  Philadelphia Energy files for bankruptcy after fire

  Bloomberg Philadelphia Energy Solutions filed for bankruptcy protection and reached a financing agreement with debt holders as the fuel-making company grapples with the aftermath of a June explosion and fire at its oil refinery that forced it to shut operations. The company submitted Chapter 11 petitions at the US Bankruptcy Court for the District of Delaware. It also entered into ...

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• 28 July

  Trump rejected ‘his move’ to weaken dollar to boost trade

  

  Bloomberg President Donald Trump has rejected, for now, the idea of aggressive currency intervention that could give the US an edge with its trading partners by weakening the dollar, according to two people familiar with the matter. The decision came at a White House meeting focussed on trade. Part of the agenda included a discussion of Trump’s concerns about the ...

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