October, 2018

• 20 October

  Dubai issues 13,825 new licences in first 9 months of 2018

  

  DUBAI / WAM The Business Registration and Licensing (BRL) sector of the Department of Economic Development (DED), Dubai, issued 13,825 new licences in the first nine months of 2018. Among the new licences issued, 61.2% were commercial, 36.4% professional, 1.2% related to tourism and 1.1% were industrial. The ‘Business Map’ digital platform of Dubai DED saw 204,319 business registration and ...

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• 20 October

  RTA to build AED477mn bridges to Deira Islands

  

  Dubai / WAM The Roads & Transport Authority (RTA), in coordination with Nakheel, has awarded a contract for the construction of three bridges leading to Deira Islands. The bridges, which link with the existing bridge crossing the water canal, consist of six lanes in each direction and will be built at cost of AED447 million. The project is undertaken in ...

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• 20 October

  Digital geological maps for building permits launched in Abu Dhabi

  

  Abu Dhabi / WAM The Abu Dhabi City Municipality has launched a Geospatial Information Management System (GIMS), a sophisticated smart electronic system for soil database that contains all geotechnical, geophysical, hydrological and environmental data, displayed on interactive geological maps. The project has been undertaken in the context of the Abu Dhabi Emirate’s vision, a strategic plan designed particularly for the ...

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• 20 October

  Saif Zone to participate in World CEO forum as platinum sponsor

  Sharjah / WAM The Sharjah Airport International Free (Saif Zone) has announced that it will participate in the World CEO Forum as a Platinum Sponsor for the event, which will take place from October 21-24, aboard the world-famous Queen Elizabeth II cruise liner and will be attended by some of the greatest commercial minds in the Middle East. Saud Salim ...

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• 20 October

  Dewa awards AED382mn power cables contract

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) awarded contracts worth AED 382 million to supply 1,548 kilometres (km) of 11 kilovolt (kV) power cables. The contracts include the supply of cables across different regions in Dubai to meet the criteria for the electricity distribution network expansion, and to keep up with the continued growth in demand for electricity ...

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• 20 October

  New air quality station in Dubai to keep check on pollution

  

  Dubai / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, inaugurated an ambient air quality monitoring station at the headquarters of the Ministry of Climate Change and Environment in Dubai. The station has been developed in partnership with BDH Middle East, a leading global supplier of the widest range of chemicals, glassware, apparatus, lab instruments, ...

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• 20 October

  ‘Energy consumers growing lax about reducing their use’

  

  Bloomberg The world is growing more complacent about efforts to squeeze down the use of energy. That’s the signal coming from an International Energy Agency report (IEA), which found the smallest improvement in efficiency in a decade after demand for fuels of all kinds grew more strongly in 2017. The report is a blow to policymakers seeking to ratchet back ...

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• 20 October

  MEG rejects Husky’s $2.34bn takeover bid

  Bloomberg MEG Energy Corp. rejected a C$3.05 billion ($2.34 billion) hostile takeover offer from Husky Energy Inc. and announced a plan to seek other buyers, kicking off a bidding war for its prized Canadian oil-sands assets. MEG announced its rejection of the offer, which it said undervalued the company. MEG is seeking to draw out other potential buyers who may ...

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• 20 October

  China trade pact stalls as Trump tariffs feed backlash from India

  

  Bloomberg A Chinese push to conclude a new Asia-wide trade agreement this year is running into opposition from India fed partly by concerns over the fallout of Beijing’s deepening trade war with the US. The 16-country Regional Comprehensive Economic Agreement (RCEP) is the Beijing-backed rival to the Trans-Pacific Partnership (TPP), a vast regional pact once led by the US that ...

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• 20 October

  Billionaire Mittal closer to India entry

  

  Bloomberg Lenders for Essar Steel India Ltd., the biggest steel mill on the block under India’s new bankruptcy law, have selected ArcelorMittal as the preferred bidder for the asset, bringing the world’s largest steel maker a step closer to gaining a foothold in India’s growing market for the alloy. Arcelor, controlled by billionaire Lakshmi Mittal, will now begin final negotiations ...

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