January, 2019

• 14 January

  Snowstorm in Washington leads to flight cancellations

  

  Bloomberg Washington DC could get another four inches (10 centimetres) of snow from a storm that’s already caused hundreds of flight cancellations and several deaths as it cuts a wide swath across the US from St. Louis to the mid-Atlantic. Washington’s Reagan National Airport had recorded 5.4 inches of snow, AccuWeather reported. The nation’s capital hadn’t received more than 4.1 ...

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• 14 January

  Crashed Lion Air plane’s cockpit voice recorder found

  

  Bloomberg Indonesia found the cockpit voice recorder from the Lion Air plane that crashed in October, giving investigators a real chance at solving the mystery of what brought down a modern jet. The CVR of the Boeing Co 737 Max aircraft was intact when it was recovered in the Java Sea, according to said Agung Nugroho, a spokesman for Indonesian ...

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• 13 January

  Geopolitics of energy transformation draws spotlight at Abu Dhabi forum

  

  ABU DHABI / WAM The third-annual Atlantic Council Global Energy Forum in Abu Dhabi, held as part of Abu Dhabi Sustainability Week, convened regional and global policymakers and industry leaders to discuss the geopolitical and economic impact on the energy agenda. This year’s forum focussed on four major themes — the future of oil, the digitisation of energy, diversification within ...

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• 13 January

  DP World to acquire Chile ports operator for $502m

  

  DUBAI / WAM DP World on Sunday announced that it entered into an agreement to acquire 71.3% stake in Chile port operator Puertos y Logistica SA (Pulogsa) from Minera Valparaiso and other shareholders associated with the Matte Group. Pulogsa is listed on the Santiago stock exchange, and the acquisition will be effected via a tender offer to acquire all outstanding ...

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• 13 January

  Dubai records 4.6% rise in new licences in 2018

  

  DUBAI / WAM The Department of Economic Development (DED) in Dubai issued 20,467 new licences during the year 2018 as the emirate continued to enhance its appeal as a destination for sustainable business growth. Overall, 248,769 business registration and licensing transactions were recorded in the ‘business map’ digital platform of DED in 2018 — an increase of 4.6% over 2017 ...

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• 13 January

  Preferential tariff rates for industrial sector planned

  Abu Dhabi / WAM The Abu Dhabi Department of Energy and the Department of Economic Development are reviewing electricity consumption rates of the industrial sector, to establish preferential tariffs based on specific economic criteria. All segments of sector will be reviewed, to place suitable tariffs and increase contribution to emirate’s GDP. In an interview with Emirates News Agency (WAM), Awaidha ...

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• 13 January

  Saudi sets 60GW target for renewables by 2030

  

  Abu Dhabi / WAM Dr Khalid bin Saleh Al Sultan, President of the King Abdullah Atomic and Renewable Energy City, stated that there are plans to integrate the renewable energy network of Saudi Arabia, which aims to produce 60 gigawatts of renewable energy, including 40 gigawatts from solar energy and 20 from wind and other sources by 2030. In an ...

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• 13 January

  Aramex buys Saudi TAL in $80mn deal

  RIYADH / WAM Aramex, the global provider of comprehensive logistics and transportation solutions, anno-unced the acquisition of the KSA-based firm, Saudi TAL for Comm- erce and Contract Company, for approximately $80 million. Bashar Obeid, CEO of Aramex, said, “Saudi Arabia is Aramex’s largest market in the Middle East and holds significant gro-wth potential for the business. Our acquisition of Saudi ...

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• 13 January

  UAE-Kosovo Economic Forum on Jan 16

  SHARJAH / WAM The UAE-Kosovo Economic Forum is set to take place on January 16 to coordinate efforts and establish investment partnerships that benefit the business communities of both the countries. The event will be organised by the Federation of UAE Chambers of Commerce and Industry, and the Ministry of Foreign Affairs and International Cooperation, in cooperation with the Sharjah ...

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• 13 January

  Mideast’s largest sign, graphic imaging show opens in Dubai

  

  Dubai / WAM The Middle East’s largest sign and graphic imaging show (SGI Dubai 2019), was inaugurated on Sunday by Mona Ghanem Al Marri, Director General of Government of Dubai Media Office. In its 22nd year, the event is the most anticipated trade show for the printing and signage industry in the Middle East. Exhibitors from across the globe are ...

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