July, 2018

• 3 July

  Etihad adopts new business structure

  

  Abu Dhabi / Emirates Business Etihad Aviation Group (EAG) on Tuesday announced a new organisational structure and operating model, effective immediately, to deliver on its mandate as it embarks on the next phase of its transformation. The reorganisation is the next step in ensuring the group is fit for purpose to prosper as a people-focused business driven by innovation, safety ...

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• 3 July

  Entries open for oil, gas industry’s Adipec Awards 2018

  

  Abu Dhabi / Emirates Business Entries for the oil and gas industry’s prestigious Adipec 2018 Awards are now open, with six categories focused on issues crucial to the progress and resilience of the hydrocarbons sector. Celebrating achievements across the oil and gas industry, the Adipec Awards identify the leading companies, individuals, initiatives, projects and technologies that are shaping the sector’s ...

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• 3 July

  Implement UN resolutions to stop Israeli’s settlement expansion in Palestine: UAE

  

  GENEVA / WAM The UAE demanded the implementation of all United Nations (UN), resolutions that call on Israel to stop its settlement expansion in occupied Palestinian areas, including in East Jerusalem. It also called on the international community to end Israel’s occupation and guarantee the legitimate rights of the Palestinian people, including the right to self-determination and establish an independent ...

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• 3 July

  UAE’s non-oil private sector growth improves in June

  

  Dubai / Emirates Business The state of the UAE’s non-oil private sector improved to the greatest extent in the year-to-date, buoyed by strong inflows of new business and output growth. Promotional activity helped to stimulate client demand, reflected by new order books expanding at the fastest pace since December last year. Despite companies ramping up output, backlogs of work built ...

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• 3 July

  DLD launches new payment methods via smartphones

  Dubai / Emirates Business Dubai Land Department (DLD) announced that its Finance Department activated new smart payment services through the ‘Apple Pay’ and ‘Samsung Pay’ applications. The move is aligned with the Dubai Smart Government’s strategy to support outstanding government performance based on the latest technologies. DLD introduced the service at the beginning of June and it is now in ...

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• 3 July

  First Adnoc Abu Dhabi Marathon announced

  Abu Dhabi / WAM The Abu Dhabi Sports Council (ADSC), and the Abu Dhabi National Oil Company, (Adnoc), on Tuesday announced the inauguration of the Adnoc Abu Dhabi Marathon, which will be held for the first time on December 7, bringing the world’s oldest race to one of the world’s most modern cities, deepening Adnoc’s commitment to the Abu Dhabi ...

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• 3 July

  ‘Cyber security standard’ for autonomous vehicles soon

  

  Dubai / WAM Dubai Electronic Security Centre (DESC), is set to launch the first of its kind ‘Cyber Security Standard’ on Autonomous Vehicles (AV), in the region. The move marks a great achievement to the journey of excellence of the Dubai Cyber Security Strategy that was launched under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice ...

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• 3 July

  Saudi non-oil private sector growth hits six-month high

  

  Riyadh / Emirates Business The health of the Saudi Arabian non-oil private sector improved at the fastest pace in 2018 so far during June. An upturn in output and new order growth were the key components behind the latest expansion. Furthermore, many panel respondents noted sharper capacity pressures, which led to the fastest build-up in backlogs of work in 11 ...

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• 3 July

  Saudi, Russia reaffirm ‘million-barrel deal’

  

  Bloomberg Saudi Arabia and Russia reaffirmed an agreement between OPEC and its allies, which they say will mean increasing oil production by 1 million barrels a day. Energy ministers Khalid Al-Falih and Alexander Novak spoke on the phone, and reiterated the terms of the agreement reached last month in Vienna, according to statements from the Saudi and Russian energy ministries. ...

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• 3 July

  Rising oil prices cut Gulf Arab energy borrowings

  Bloomberg Gulf Arab energy companies retreated from debt markets in the first half of 2018 after a banner year for borrowing as higher oil prices curbed financing needs for existing operations and new projects. Oil and gas producers, pipeline operators and refiners in countries including Kuwait, the United Arab Emirates and Saudi Arabia borrowed $6 billion through loans and bonds ...

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