November, 2018

• 6 November

  UAE announces private sector holiday on Nov 18

  Abu Dhabi / WAM The UAE Ministry of Human Resources and Emiratisation (MoHRE), announced that Sunday, November 18 will be a public holiday for private sector entities. The announcement was made by Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, following the UAE Cabinet decision to mark Sunday as a public holiday, instead of Tuesday, November 20, ...

  Read More »
• 6 November

  Ministry to host Tolerance Walkathon on Friday

  Abu Dhabi / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, said that the message of tolerance and co-existence promoted by the UAE does not exclude anyone in UAE or abroad, nationals or residents, individuals or organisations as well as families, whether young or old. He affirmed the commitment of the Ministry of Tolerance to promote the message ...

  Read More »
• 6 November

  Dewa wins two awards

  Dubai / WAM The Dubai Electricity and Water Authority (Dewa), won two awards at the Customer Experience Week Middle East, organised by CX Network. Marwan bin Haidar, Executive Vice President of Innovation and the Future at Dewa, received the two awards in the presence of Mohammed Salem Al Mana, Vice President of Billing Services; Saleh Al Marzouqi, Chief Customer Happiness ...

  Read More »
• 6 November

  Global ministers, CEOs to discuss latest energy trends at Adipec

  

  Abu Dhabi / WAM Government ministers from 18 countries and more than 80 leading oil and gas CEOs will meet in Abu Dhabi next week, as the 2018 Abu Dhabi International Petroleum Exhibition and Conference (Adipec), commences amid a background of unprecedented change for the industry. Hosted by the Adnoc; and supported by the UAE Ministry of Energy and Industry, ...

  Read More »
• 6 November

  US stocks climb as dollar slips amid midterm votes

  

  Bloomberg US stocks climbed, with the biggest tech companies among the best performers, in relatively light volume as the US midterm elections got underway. The Nasdaq was the best performing major US gauge, with Apple, Amazon and Microsoft leading the way. The Stoxx Europe 600 Index slid a second day. Oil traded near the lowest level in seven months as ...

  Read More »
• 6 November

  Indian stocks eke out gains ahead of holidays

  

  Bloomberg Indian shares eked out gains ahead of holidays as crude oil resumed its decline, reducing the cost of the nation’s biggest import, and as profits at top 50 companies mostly matched or exceeded analyst estimates. The benchmark S&P BSE Sensex climbed 0.1 percent to 34,991.91 at the 3:30 pm close in Mumbai after fluctuating at least 10 times between ...

  Read More »
• 6 November

  Africa enjoys an oil boom as drilling spreads in continent

  

  Bloomberg Africa is finally seeing the benefits from the recovery in cru-de prices as companies ramp up drilling from Algeria to Namibia. The rigs are returning and wildcatters are getting excited again after a years-long hiatus during the oil-price slump. From majors like Total SA to independents like Tullow Oil Plc, companies are snapping up exploration rights and doing deals. ...

  Read More »
• 6 November

  Exxon CEO says size doesn’t matter in M&A

  

  Bloomberg The world’s biggest public energy company doesn’t worry about size when it comes to potential deal-making. The driver of any acquisition for Exxon Mobil Corp. isn’t the scope of the target, it’s whether the company finds more value in it than the market does, Darren Woods, chief executive officer of the Irving, Texas-based firm, said at the New Economy ...

  Read More »
• 6 November

  Oil could touch $100 if supply crunch worsens: Citigroup

  

  Bloomberg Oil prices are likely to be “biased to the upside” for the rest of the year as demand from refineries rises in November and December, according to Citigroup Inc. An average price of $80 a barrel for this quarter is “realistic,” with spikes to $90 or even $100 possible if further disruptions worsen a supply crunch amid rising consumption, ...

  Read More »
• 6 November

  Takeda pushes back as group seeks to stop $62bn Shire deal

  

  Bloomberg Takeda Pharmaceutical Co. Chief Executive Officer Christophe Weber pushed back against dissident shareholders seeking to stop the Japanese drugmaker’s acquisition of Shire Plc, saying he won’t release minutes of boardroom discussions. A group including members of Takeda’s founding family opposes the planned $62 billion acquisition of the UK-listed biotech firm, which would rank as the biggest overseas takeover by ...

  Read More »