March, 2019

• 20 March

  Adnoc wins ‘oil, gas project of the year’ award

  Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), won the ‘Oil and Gas Project of the Year’ accolade at the 2019 MEED Projects Awards. The award was presented to Adnoc for the Taweelah Gas Compression Plant project that was completed in record time, under the highest safety standards. The award recognises Taweelah’s strategic importance to the UAE’s gas ...

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• 20 March

  Fujairah oil products stocks rise 11% to 20-month high

  Fujairah / WAM Oil products stockpiles at the Port of Fujairah rose 11 percent over the past week to 23.931 million barrels by Monday, the highest level in 20 months, according to data obtained by S&P Global Platts on Wednesday. The gain was led by heavy residue inventories posting a 17 percent week-on-week increase to reach 10.12 million barrels, a ...

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• 20 March

  For women over 50, its a time to take stock of lifestyle habits: Dr Anil

  Dubai / Emirates Business Women spend a lifetime looking after their families and often ignore their own wellbeing. It is important for women to take of themselves. As metabolism slows, your changing body requires fewer calories and is prone to belly fat. Switch out for lower-fat options, leaner sources of protein, like chicken, fish, beans, or quinoa. Get antioxidants by ...

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• 20 March

  Emirates adds four more weekly flights to Cairo

  Dubai / WAM Emirates announced it will increase the frequency of flights between Dubai and Cairo, adding four additional flights a week to its existing thrice-daily service, starting 28th October, 2019. The four new flights operating on Monday, Wednesday, Thursday and Saturday, will take the total number of weekly Emirates flights serving Cairo to 25. Similar to the current service, ...

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• 20 March

  Al Habtoor Motors offers customers ‘peace of mind’

  

  Dubai / Emirates Business Al Habtoor Motors-Mitsubishi focuses on offering customers absolute peace of mind with its new March promotion. “Drive For A Year Free” promotion offers Mitsubishi customers opting from an extensive range of cars and SUV’s – Free Petrol, Free Salik and Free Service for one whole year. Additionally, they also get benefits like Warranty, Free Llumar tinting ...

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• 20 March

  Al Mazrouei outlines 24th World Energy Congress agenda

  

  Dubai / WAM With less than six months to go until the start of the 24th World Energy Congress, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, outlined a Congress that will bring together the entire global energy ecosystem – government and industry leaders from Asia and Africa, investors, innovators, students and young professionals among many ...

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• 20 March

  Oil rally stalls near $59 as US-China trade jitters return

  

  Bloomberg Oil’s rally stuttered as uncertainty over the status of trade negotiations between the US and China stoked concerns over global economic growth. Futures for May fell as much as 1.2 percent in New York. China was said to be pushing back against American demands, raising speculation that trade tensions between the world’s biggest economies will persist. Still, the price ...

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• 20 March

  Brazil expects Petrobras payout surpassing $18bn

  

  Bloomberg Petrobras is expected to receive more than $18 billion from a mixture of government and private sources as payment for oil reserves, people familiar with the matter said, potentially resolving a dispute that has dragged on since 2013. Brazil’s government anticipates that companies seeking to join in deep-water oil projects would need to pay Petrobras more than $9 billion, ...

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• 20 March

  BMW warns of profit slump in 2019, sets $14bn savings plan

  

  Bloomberg BMW AG warned earnings will fall “well below” last year’s level, and embarked on a 12 billion-euro ($14 billion) efficiency drive to offset impact of trade conflicts and unprecedented spending on electric cars. The shares fell the most since September after the German luxury carmaker said on Wednesday that pretax profit is expected to decline by more than 10 ...

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• 20 March

  Viacom warns blackout of DirecTV unless companies reach new pact

  

  Bloomberg Viacom Inc. is warning pay-TV customers of AT&T Inc. that they could lose access to channels such as Nickelodeon and MTV unless the companies reach a new programming agreement. The current contract between the parties expires on Friday, Viacom said in an email. The media company began activating a “crawl” message on its networks, alerting customers of the looming ...

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