January, 2019

• 15 January

  Transco inks pact to become TAG member

  Abu Dhabi / WAM Abu Dhabi Transmission and Despatch Company (Transco), an ent- ity of the Department of Energy, Abu Dhabi, on Tuesday signed an agr-eement with the ISLE Group to be the first official member of the Technology Approval Group (TAG) in the UAE. TAG, launched in the UK 15 years ago, is a forum that brings together water ...

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• 15 January

  Consumer confidence increases 54% in UAE

  

  DUBAI / Emirates Business Consumer confidence in the UAE rebounded in the fourth quarter of 2018, as residents absorbed the impact of VAT and high expenses incurred over the summer. That’s according to the consumer confidence tracker Q4 2018 from yallacompare, the Middle East’s leading comparison site for financial products. During the fourth quarter of 2018, the tracker polled more ...

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• 15 January

  Oil gains as US stockpiles drop, China plans tax cuts

  

  Bloomberg Oil rose amid estimates of another decline in US crude inventories and signs that China is stepping up efforts to combat an economic slowdown. Futures in New York climbed as much as 3 percent after sinking during the past two sessions. American stockpiles probably fell for the sixth time in seven weeks, according to a Bloomberg survey of analysts ...

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• 15 January

  UAE, India to boost ties in infrastructure sector

  

  Dubai / WAM The Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) Mattar Al Tayer, met with India’s Consul-General in Dubai Vipul, and explored means of boosting cooperation and exchanging expertise between RTA and Indian entities operating in the field of railways, roads and transport. During the meeting, the two parties also ...

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• 15 January

  Masdar, Taaleri sign pact to launch renewable energy joint venture

  

  Abu Dhabi / WAM Masdar, the Abu Dhabi Future Energy Company, and Taaleri Energia, a Finnish wind and solar developer and fund manager, have announced the signing of an agreement for the establishment of a joint venture with the aim of developing renewable energy projects in Central and Eastern Europe. The joint venture aims to build upon the success of ...

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• 15 January

  Masdar, Cepsa sign partnership deal

  Abu Dhabi / WAM Abu Dhabi Future Energy Company, Masdar, and Cepsa strengthened their collaboration in renewables by signing a Partnership Agreement on Tuesday at Abu Dhabi Sustainability Week, one of the world’s largest gatherings on sustainability that is currently being held in the UAE capital. After signing a Memorandum of Understanding, MoU in 2017, this new agreement aims to ...

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• 15 January

  Nasdaq Dubai starts futures trading on MSCI UAE index

  

  DUBAI / WAM Nasdaq Dubai announced the launch of futures trading on the MSCI UAE equity index on Tuesday, in its latest expansion of the futures market. In a press statement, the exchange explained that the contracts are designed to appeal to international and regional investors seeking exposure to leading UAE companies. Robert Ansari, Executive Director – Head of the ...

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• 15 January

  Dubai, Kiribati keen to boost trade ties

  

  DUBAI / WAM Dubai Chamber of Commerce and Industry on Tuesday hosted a high-level Kiribati delegation led by the country’s President Taneti Maamau, in an effort to enhance bilateral relations and explore new avenues of economic cooperation. During a meeting at Dubai Chamber’s headquarters, Maamau expressed his intention to open up Kiribati’s economy and establish new partnerships in several sectors ...

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• 15 January

  UAE, Saudi Arabia, Oman researching extension to Gulf gas network: Mazrouei

  

  Abu Dhabi / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, said that the UAE, Saudi Arabia and Oman are currently researching a possible extension to the Gulf gas network, by integrating the gas lines between the three countries with the Gulf electricity grid network, and then connecting it to Kuwait and Bahrain, which will ...

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• 15 January

  The journey of our country is full of distinction, says VP

  

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai honoured winners of the ‘Mohammed bin Rashid Government Excellence Award’ during a special ceremony that took place in Abu Dhabi on Wednesday. “We have 10 years of achievements. We want the UAE government to be the best ...

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