May, 2019

• 12 May

  Adnoc plans to open 75 new stations in Dubai in 5 years

  

  Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc, Distribution), is planning to expand its facilities and investment services around the UAE, especially in Dubai, which currently serves only four stations, announced Saeed Mubarak Al Rashdi, Acting CEO of Adnoc Distribution. The company plans to increase the number of stations in Dubai over the next five years, by constructing ...

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• 12 May

  Retail firms committed to reducing prices: Ministry

  

  Abu Dhabi / WAM The Ministry of Economy said that retail companies were committed to reducing their prices during the holy month of Ramadan, as well as decreasing the number of consumer complaints and offering discounts of between 35 and 75 percent, according to the ministry’s plan. During a consumer protection monitoring tour in the retail stores in Al Wahda ...

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• 12 May

  UAE, Italy discuss ways to boost ties

  

  Abu Dhabi / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, met Alberto Bonisoli, Italian Minister of Cultural Heritage and Activities, and explored means of enhancing the UAE-Italian cultural relations through the establishment of joint cultural and artistic projects bringing together the artists of the two countries. This came on the sidelines of Al Kaabi’s participation ...

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• 12 May

  Kalba gets two new power distribution stations

  

  Sharjah / WAM Sharjah Electricity and Water Authority (Sewa) announced the completion and operation of two new power distribution stations, 33/11 KV, in Kalba city in Al Saf 2 and University district, as well as a number of maintenance and network development projects to provide better services to the population and development projects. Dr Rashid Al Leem, Chairman of Sharjah ...

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• 12 May

  ‘Sharjah Majlis’ opens today

  Sharjah / WAM The eighth edition of the Sharjah Ramadan Majlis, organised by the Sharjah Press Club of the Sharjah Government Media Bureau, will begin on May 13, at Al Majaz Amphitheatre. The majlis is set to take up a broad range of strategic issues with a number of leading specialists and experts from across the UAE and the Arab ...

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• 12 May

  Empower key partner in UN environment-led initiative

  

  Dubai / WAM Emirates Central Cooling Systems Corporation (Empower), announced its participation in the ‘Cool Coalition’ initiative, to make a positive impact on climate change and inspire ambition, identify solutions and mobilise action to accelerate progress towards clean and efficient cooling. The initiative was launched by the United Nations Environment Programme (UN Environment), in collaboration with the Climate and Clean ...

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• 12 May

  Record gasoline price slams Vancouver

  

  Bloomberg A political brawl between British Columbia and Alberta over a stalled pipeline expansion is being blamed for handing Vancouver a somewhat dubious municipal distinction. The city recently recorded the highest retail gasoline price on record for a major North America metro, according to GasBuddy, a motor-fuel pricing website. The price hit almost $4.80 a gallon (C$1.70 a liter), a ...

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• 12 May

  Exxon seeks $280m from Cuban firms over seized assets

  Bloomberg Exxon Mobil Corp. is suing two Cuban companies for $280 million, saying they benefited for decades from Exxon property seized after 1959 revolution. The suit was filed in US District Court in Washington, the first day American corporations were allowed to file after the Trump administration lifted a long-standing ban against such actions. The complaint names gov- ernment conglomerate ...

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• 12 May

  Pemex dismal earnings rekindle investor jitters

  Bloomberg Just as Petroleos Mexicanos’ bonds finally recovered from last year’s rout, a dismal earnings report sent them tumbling back down. Pemex said that its oil output declined 12 percent in the first quarter from a year ago, while its refineries operated at just 34 percent of capacity. In the next five days, yields on the company’s bonds maturing in ...

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• 12 May

  US wants China to be a customer, not to retaliate, says Sonny Perdue

  

  Bloomberg Agriculture Secretary Sonny Perdue wants China to be a customer of American farm products, even after Washington hiked tariffs on more than $200 billion in Chinese goods, and said retaliation by Beijing would prompt the US to boost support to its farmers. “Our biggest goal will be for China not to retaliate and stay at the table to negotiate ...

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