November, 2018

• 12 November

  Police clear suspicious package found at Florida airport

  Bloomberg Police have cleared a suspicious package found at Fort Lauderdale–Hollywood International Airport in Florida, the Broward county Sheriff’s Office said. A bomb squad was earlier investigating the report of a suspicious package at terminal four of the airport, police said. Roads leading into the airport had been closed due to the police activity, the airport said. The airport is ...

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• 12 November

  China’s LVMH wannabe to slow M&A after $4bn spree

  

  Bloomberg Ruyi Holding Group, the Chinese apparel firm that’s taking over Bally International AG, will slow its dealmaking after announcing more than $4 billion of overseas acquisitions in the past three years. The company will focus on integrating existing brands and ease its M&A pace in the short to medium term, chairman Qiu Yafu said in an interview in Hong ...

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• 11 November

  Opec, allies weigh output cut to stave off new surplus

  

  ABU DHABI / AGENCIES Many Organization of the Petroleum Exporting Countries (Opec) and allied oil producers see a need to cut output to stave off a new surplus, a key member of the coalition said, as delegates gathered in Abu Dhabi on Sunday. Twenty-six of the world’s leading oil and gas sector leaders gathered in the UAE capital, for a ...

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• 11 November

  Adnoc awards Total 40% stake in gas concession

  

  ABU DHABI / WAM On behalf of the Abu Dhabi government, the Abu Dhabi National Oil Company (Adnoc) has signed an agreement with French oil and gas major Total, granting it a 40% stake in the Ruwais Diyab Unconventional Gas Concession. Under the terms of the agreement, Total will explore, appraise and develop the concession area’s unconventional gas resources. Adnoc ...

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• 11 November

  Fifth Abu Dhabi Strategic Debate kicks off

  ABU DHABI / WAM The fifth Abu Dhabi Strategic Debate (ADSD) kicked off in the capital on Sunday with keynote speeches by Dr Ebtesam Al Ketbi, President of Emirates Policy Centre (EPC) and Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs. In the opening address, Dr Al Ketbi said ADSD is taking a leap to a new ...

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• 11 November

  Mubadala oil investments top $40bn

  ABU DHABI / WAM Musabbeh Al Kaabi, CEO of Petroleum & Petrochemicals, Mubadala Investment Company, noted that the petroleum and petrochemicals platform is a core pillar of company’s business, building on Abu Dhabi’s rich heritage in oil and gas sector. The petroleum & petrochemicals platform accounts for AED 150 billion ($40.8 billion) of Mu-badala’s AED800 billion portfolio, Al Kaabi told ...

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• 11 November

  Al Ain, China’s Wuxi sign twin-city pact

  

  AL AIN / WAM Al Ain City signed a twin-city agreement with Wuxi, in southern Jiangsu province, China, for cooperation in urban planning, education, sports, tourism, culture and arts, as well as trade and investment. The signing occurred during a visit by an Al Ain City delegation that toured the Chinese city at the invitation of Acting Mayor of Wuxi, ...

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• 11 November

  Abu Dhabi meet focusses on role of oil, gas firms in global growth

  

  ABU DHABI / WAM Twenty-six of the world’s leading oil and gas sector leaders gathered in Abu Dhabi, on Sunday, for a high-level industry forum focused on the evolving dynamics of the energy landscape and the opportunities for hydrocarbon produced energy to support global growth, today, and in the future. HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the ...

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• 11 November

  Ducab secures three major Adnoc-related projects in Abu Dhabi

  ABU DHABI / WAM Ducab has secured three major contracts in Abu Dhabi for the supply of over 5,000 kms of EHV, HV, MV and LV cables and AAAC overhead conductors for Adnoc-related projects in Abu Dhabi. The announcement came on the sidelines of the company’s upcoming participation in the Abu Dhabi International Petroleum Exhibition and Conference (Adipec 2018). The new ...

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• 11 November

  Shams, 7awi launch JV to develop digital platforms

  

  Sharjah / WAM Sharjah Media City (Shams), announced the launch of a joint venture with 7awi, the online media publisher, to develop digital platforms with the aim of keeping pace with the rapid growth in demand for digital solutions in the UAE and wider region. The joint venture will utilise 7awi’s digital intellectual property rights, resources, content and access to ...

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