December, 2018

• 30 December

  ‘Sheikh Mohammed a model of leadership and management’

  Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, lauded the achievements of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, adding that in five decades ...

  Read More »
• 30 December

  Abu Dhabi Airport offers super-fast WiFi service

  

  Abu Dhabi / WAM Abu Dhabi Airports on Sunday announced its airport-wide roll out of ‘Super-Fi’ that will increase internet upload and download speeds to a maximum of 200 mbps per user at Abu Dhabi International Airport (AUH). The Super-Fi internet access, which is among the fastest airport Wi-Fi services in the world, has been installed and tested throughout all ...

  Read More »
• 30 December

  Free parking in Abu Dhabi for New Year holiday

  Abu Dhabi / WAM The Integrated Transport Centre (ICT), at the Department of Transport Abu Dhabi has announced that all surface parking bays will be free of charge on New Year holiday starting from Tuesday, January 1, 2019 to Wednesday, January 2, till 7:59 p.m. The ICT has urged the public not to park their vehicles in prohibited areas and ...

  Read More »
• 30 December

  Abu Dhabi reinforces its position as global tourism destination

  

  Abu Dhabi / WAM The Abu Dhabi Department of Culture and Tourism has made many achievements, in light of the emergence of specialist tourism trends and its efforts to improve local tourism infrastructure and to inaugurate new attractions that combine originality, modernity and hospitality. These achievements have positively affected the number of visitors to the emirate and its hotel occupancy ...

  Read More »
• 30 December

  Emirates makes ‘flying better’ for its customers in 2018

  Dubai / Emirates Business Emirates, the world’s largest international airline, delivered another year of trendsetting product and service initiatives across its fleet and network to make ‘flying better’ for its customers. In the last twelve months, Emirates carried over 59 million passengers on over 3,700 passenger flights on average per week. The airline proudly served a diverse menu of over ...

  Read More »
• 30 December

  Treasuries may have to wait until new year for resolutions

  

  Bloomberg Perhaps the best that can be said of a painful year across financial markets is that there’s room for improvement in 2019. It’s less clear exactly what might pull investor sentiment, and Treasury yields, off the current lows. Risk-averse trading in December — which is on track to be the worst month for US stocks since the 2008 crisis ...

  Read More »
• 30 December

  Emerging markets ‘tough’ for investors

  

  Bloomberg If you lost money on emerging Asian bonds and currencies this year, be warned: the first half 2019 may see more of the same. In what could be an unwelcome replay, risk assets are likely to remain at the mercy of the US-China trade war, a messy Brexit and rising US interest rates. Almost all emerging Asian currencies are ...

  Read More »
• 30 December

  Oil watchers see $70 a barrel in 2019 as recession fears fade

  

  Bloomberg The world’s biggest banks are reckoning on a rebound in oil prices next year as fears of a recession prove misplaced. The Brent benchmark will average $70 a barrel in 2019, according to a Bloomberg survey of oil analysts. Futures in London and New York plunged this quarter, with volatility soaring in its final week as crude tracked gyrations ...

  Read More »
• 30 December

  China okays first big power storage pilot project

  

  Bloomberg China approved its first large battery storage pilot project as it seeks to maximise clean energy output and improve grid stability. The initial phase of the venture in the northwestern prov-ince of Gansu will require 1.2 billion yuan ($174 million) of investment and have a capacity of 720 megawatt hours and storage duration of four hours, the Gansu Provincial ...

  Read More »
• 30 December

  Oil mayhem hits China as top traders suspended after losses

  

  Bloomberg China is the latest victim of the wild swings in oil prices that have roiled trading firms across the globe this year. Two top officials at Unipec, one of the country’s most powerful trading companies, were suspended this week following losses on bets related to oil prices in the second half of the year, according to people with knowledge ...

  Read More »