December, 2018

• 22 December

  ZonesCorp inks deal to built AED138mn manufacturing plant

  Al Ain / WAM ZonesCorp announced on Saturday a new agreement with Saudi Arabia’s Berain Water to build a 36,000-square-metre water bottling plant in the food industry zone of Al Ain Industrial City. The food manufacturing sector in Abu Dhabi has witnessed remarkable growth over the past few years as a result of the booming domestic market and growing exports. ...

  Read More »
• 22 December

  ‘UAE does not distinguish when assisting individuals in need’

  

  Abu Dhabi / WAM The UAE is committed to universal humanitarian principles, and does not differentiate between peoples when delivering aid to those in need, said His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC). The UAE leadership, under President His Highness Sheikh Khalifa bin Zayed Al ...

  Read More »
• 22 December

  UAE relief helps restore Yemen to its ‘full potential’

  Abu Dhabi / WAM Extending to all governorates within Yemen, UAE humanitarian aid efforts have a single objective; to restore the country to its full potential. Since April 2015, the UAE has worked on food aid programmes, the building and refurbishment of schools, restoring hospitals and supporting Yemen’s health care sector, rehabilitating utility facilities, including power plants, redeveloping the roads ...

  Read More »
• 22 December

  Customer satisfaction about tourist tax refund scheme on rise

  Abu Dhabi / Emirates Business The inspection tours conducted by the Federal Tax Authority (FTA) have revealed that customer satisfaction with the Tax Refunds for Tourists Scheme’s electronic system is on the rise. The Authority had launched the Scheme in two consecutive phases beginning on November 18 this year, in collaboration with global systems operator Planet, covering, so far, 12 ...

  Read More »
• 22 December

  Trump outlines plans for crude drilling in Arctic wildlife refuge

  

  Bloomberg The Trump administration outlined plans for selling drilling rights on every acre of the Arctic National Wildlife Refuge’s coastal plain, despite acknowledging potential oil spills and impacts to polar bear and caribou that roam through the region. The Interior Department’s draft environmental impact statement, published online, is a major milestone in the administration’s push to sell drilling rights in ...

  Read More »
• 22 December

  Shale explorers boost drilling

  

  Bloomberg Crude drilling increased in American fields even as explorers face the biggest quarterly drop in oil prices since 2014. Working US oil rigs rose by 10 this week to 883, according to data released by oilfield services provider Baker Hughes. More than 100 additional rigs have been deployed across American fields this year. It’s likely one of the last ...

  Read More »
• 22 December

  Wartsila bids for Kenya solar contracts

  

  Bloomberg Wartsila Oyj’s East African unit submitted bids for engineering, procurement and construction contracts to develop grid-connected solar farms in Kenya. The East African nation, which has an electricity sup-ply deficit, is boosting production from renewable sources including wind and geothermal as it cuts reliance on expensive diesel-powered plants. There are about 15 utility-scale solar projects announced in Kenya with ...

  Read More »
• 22 December

  Bill Franke targets Canada with new no-frills carrier

  

  Bloomberg Bill Franke, who helped pioneer bare-bones airlines in the US and around the world, is expanding into Canada. Franke’s Indigo Partners will join a Canadian investment group that intends to revamp charter airline Enerjet into a low-cost carrier in the mold of Spirit Airlines Inc. and Ryanair Holdings Plc. The first flights are targeted for around September. The plan ...

  Read More »
• 22 December

  Virgin wins ruling to stop Christmas strike

  

  Bloomberg Virgin Atlantic won a court ruling blocking a strike by a group of its pilots during the Christmas and New Year holidays. Judge Akhlaq Choudhury granted the airline an injunction against the pilots, saying the breakaway union didn’t inform the airline how many captains and first officers were striking. The walkout, which was due to start from December 22, ...

  Read More »
• 22 December

  Flyadeal drops Airbus for Boeing with 30-jet order

  

  Bloomberg Saudi Arabian discount carrier Flyadeal will defect to Boeing Co. jets from an all- Airbus SE fleet after ordering 30 737 Max narrow-body planes worth $3.5 billion at list prices. The unit of state-owned Saudi Arabian Airlines or Saudia announced the purchase this week and said it has options to add 20 more of the aircraft, which feature upgraded ...

  Read More »