November, 2018

• 13 November

  Emaar Development revenue soars 54% in first nine months

  

  DUBAI / WAM Emaar Development, owned by Emaar Properties, has recorded a growth in net profit of 19 percent during the first nine mon-ths of 2018, to AED2.498 billion ($680 million), compared to AED2.106 billion ($573 million) during the same period in 2017. Total revenue for the first nine months is AED10.033 billion ($2.732 billion), an increase of 54 percent ...

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• 13 November

  Brand Dubai, DIFC partner to boost culture, creativity

  DUBAI / WAM Brand Dubai, the creative arm of the Government of Dubai Media Office (GDMO) and the Dubai International Financial Centre Authority (DIFC) signed a Memo- randum of Understanding (MoU) to foster growth of art, culture and creativity in Dubai. Under the MoU, Brand Dubai and the DIFC Authority, will collaborate to expand cultural development in Dubai and initiate ...

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• 13 November

  IEA: Electrifying world no panacea for pollution

  Bloomberg Driving electric cars and scrapping your natural gas-fired boiler won’t make a dent in global carbon emissions, and may even increase pollution levels. Higher electrification may lead to oil demand peaking by 2030, but any reduction in emissions from the likes of electric vehicles will be offset by the increased use of power plants to charge them, according to ...

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• 13 November

  Mohammed orders third humanitarian airlift for Jordanians

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ordered another airlift of humanitarian aid to Jordan, as current weather systems threatens those affected by the floods. Further to the directives of His Highness Sheikh Mohammed, HRH Princess Haya bint Al Hussein, wife of His Highness ...

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• 13 November

  Adnoc seeks to explore AI to unlock new value from oil, gas resources

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Tuesday hosted senior oil, gas and technology leaders at the inaugural Adnoc Artificial Intelligence (AI) Forum. The event was held at Adnoc HQ in its state-of-the Panorama Digital Command Centre, to discuss radical industry shifts, the rise of AI and how collectively, the industry can accelerate AI advancement ...

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• 13 November

  ‘Adnoc’s growing focus on downstream industry impressive, ambitious’

  

  ABU DHABI / WAM ExxonMobil is very impressed by Abu Dhabi National Oil Company’s (Adnoc) growing focus on the downstream industry, according to Christian G. Lenoble, ExxonMobil President and UAE Lead Country Manager. “The vision is comprehensive and aimed at maximising value across the value chain, not only crude oil, but also gas and petrochemicals. It’s very ambitious goal; but ...

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• 13 November

  Innovative finance models needed for stable oil market

  

  Abu Dhabi / WAM The oil and gas industry must secure more than US$10 trillion worth of investment over the next 22 years if it is to meet the forecast growth in demand for energy and industrial petroleum-based products. According to figures from the OPEC World Oil Outlook 2040, the total oil and gas value chain will need around $10.5 ...

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• 13 November

  Sheikh Mohamed honours members of Armed Forces

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, honoured a number of Armed Forces officers in recognition of their heroism and bravery in serving their country. His Highness Sheikh Mohamed conferred upon the service officers the Order of Military Glory of the ...

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• 13 November

  Japanese investments in Abu Dhabi reached AED6.1 billion by 2017 end

  

  Abu Dhabi / WAM The size of Japanese investments in Abu Dhabi reached approximately AED6.1 billion by end of 2017, while the number of trade licenses issued to Japanese investors in Abu Dhabi reached 32. Similarly, the value of non-oil trade between Japan and Abu Dhabi stood at AED9.803 billion between January and October 2018, compared to AED8.320 billion in ...

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• 13 November

  60 hospitals, 441 schools in Abu Dhabi in 2017: SCAD

  Abu Dhabi / WAM By the end of 2017, there were 60 hospitals with a total capacity of 5,536 beds, according to the ‘Abu Dhabi in Figures’ report released by the Abu Dhabi Statistic Centre (SCAD), on Tuesday. “Abu Dhabi has 9,444 physicians, 27,568 nurses, 802 pharmacies and 700 clinics,” SCAD said. For the education sector in the 2016 -2017 ...

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