December, 2018

• 3 December

  DP World named best port operator at ‘Lloyd’s’ awards

  Dubai / Emirates Business DP World, UAE Region was awarded the prestigious Port Operator award at this year’s Lloyd’s List South Asia, Middle East & Africa Awards ceremony in Dubai. Lloyd’s List South Asia, Middle East & Africa Awards are among the most prestigious recognitions for companies in the logistics and maritime trade sectors, with awardees being recognised as leaders ...

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• 3 December

  UAE announces new extension to visa amnesty initiative

  

  Abu Dhabi / WAM The Federal Authority for Identity and Citizenship announced a deadline extension to the “Protect Yourself by Adjusting Your Status” initiative. The initiative, which is being extended to December 31 upon the directives of the wise leadership and as part of the 47th National Day celebrations, aims to provide new opportunities for those who qualify but have ...

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• 3 December

  Al Bowardi attends Idex 2018 in Cairo

  

  CAIRO / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and his accompanying delegation, attended the opening of the first edition of Egypt Defence Expo (Idex) 2018 in Cairo. President Abdel Fattah El Sisi, President of The Arab Republic of Egypt, visited the participating UAE pavilion at the exhibition and was received by Al Bowardi, in ...

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• 3 December

  Sial Middle East 2018 to draw strong participation from GCC

  

  Abu Dhabi / Emirates Business The ninth edition of Sial Middle East is set to feature country pavilions of Kuwait, Bahrain and Saudi Arabia, indicating a growing interest from the GCC countries to benefit from the sizeable opportunities created by the fastest-growing food, beverage and hospitality event in the region. Held in strategic partnership with Abu Dhabi Food Control Authority ...

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• 3 December

  DLD to host real estate shows in India, China

  Dubai / Emirates Business Dubai Land Department (DLD) will organise Dubai Property Show (DPS) – Mumbai and Luxury Property Show (LPS) – Shanghai, where the former will be held from December 7-10 in Bandra Kurla Complex in Mumbai, India, and the latter on December 7 – 9 in the Shanghai Exhibition Centre in Shanghai, China. HE Majida Ali Rashid, CEO ...

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• 3 December

  UAE highlights its clean, renewable energy targets at COP24

  

  KATOWICE / WAM The UAE delegation to the 24th Conference of the Parties, COP24, to the United Nations Framework Convention on Climate Change (UNFCCC), in Katowice, Poland, attended the official opening ceremony of the event and the High-level Segment for Heads of State and Government. The delegation joined attendees from more than 190 countries and territories at the meeting, aimed ...

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• 3 December

  Canada joins oil cut drive as Alberta seeks to ease glut

  

  Bloomberg Canada’s largest oil producing province ordered an unprecedented output cut, an effort to ease a crisis in the nation’s energy industry and adding to global actions to combat a recent price crash. The plan will reduce production of raw crude and bitumen from Alberta by 325,000 barrels a day, or 8.7 percent, from January until excess oil in storage ...

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• 3 December

  Australian govt may be targeting wrong culprit for power price jump

  

  Bloomberg The Australian government hounding the gas sector to get power bills down is overlooking the surge in the price of coal, which fuels the bulk of the country’s generation. The cost of coal power in Australia has doubled from 2016 levels, in line with seaborne spot prices of the fuel, Bloomberg NEF said in a report on Monday. That’s ...

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• 3 December

  Vivint Solar drops most in over two years

  

  Bloomberg Vivint Solar Inc dropped the most in more than two years after saying a fund managed by Blackstone Group LP, its biggest owner, is selling 8 million of the rooftop solar company’s shares at a 21 percent discount. Vivint fell 21 percent to $5.51 at 11:33 am in New York, after earlier sliding as much as 22 percent. That’s ...

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• 3 December

  French govt meets on riot response as clean-up begins

  

  Bloomberg Clean-up crews were at work across Paris after Saturday’s riots as President Emmanuel Macron returned from Argentina and held an emergency cabinet meeting. Last week’s “Yellow Vests” protests saw 412 arrests and 133 wounded, including 23 among the security forces, according to the Paris police. There was also violence in Toulouse, Nantes, near Lyon, and in the Ardennes. Rioters ...

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