June, 2018

• 18 June

  Dubai Customs showcases its experience to Chinese delegates

  

  DUBAI / WAM Dubai Customs, on Monday, received a Chinese delegation who had come to learn about Dubai Customs’ experience in developing and disrupting customs business. The Director of Dubai Customs, Ahmed Mahboob Musabih, welcomed the Chinese delegates who are from Yiwu City in Zhejiang Province. Abdullah Mohammed Al Khaja, Executive Director of the Clients Management Division, Younis Othman, Director ...

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• 18 June

  Etihad Airways enhances its chauffeur services

  

  Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, implemented new features enhancing its chauffeur services in the UAE. Effective immediately, customers will be able to book and manage Etihad’s chauffeur services directly through theairline’s upgraded mobile optimised website without having to call Etihad’s Contact Centre or a travel agent. Customers can now book and confirm ...

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• 18 June

  Dubai to host ‘Indian Property Show’ on June 21

  

  Dubai / Emirates Business Leading developers from India will descend to Dubai next week to showcase their latest projects to thousands of prospective home-buyers, investors, real estate and infrastructure professionals in the country at the 22nd edition of the Indian Property Show, the prime event for the bourgeoning real estate sector in India. Organized by Sumansa Exhibitions, the three-day event ...

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• 18 June

  AI minister, MBRSG sign deal to empower future leaders

  

  DUBAI / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Member of the Board of Trustees of Dubai Future Foundation and Deputy Managing Director, has said that the preparation of the next generation of leaders in government organisations and providing them with expertise and skills supports the UAE government’s efforts to empower organisations, enhance capabilities and ...

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• 18 June

  In Icahn-SandRidge tiff, bitter words hide overlapping targets

  

  Bloomberg The oil industry’s ugliest battle is heading for a climax in Oklahoma City on Tuesday. But SandRidge Energy Inc is probably bound for the auction block anyway. Whether SandRidge or activist investor Carl Icahn wins control of the board this week, the oil and natural gas explorer is expected to sell some or all of its drilling rights as ...

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• 18 June

  Siemens affirms commitment to gas turbine unit

  

  Bloomberg Siemens AG is committed to its gas-turbine unit while recognising that it has to reduce capacity and cost amid a market slowdown, according to a memo with instructions on how to respond to media inquiries about the future of the business. The memo was sent by Lisa Davis, managing board member responsible for the power and gas division, according ...

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• 18 June

  Trump’s tariffs on Chinese imports are a ‘glancing blow’ for wind power, batteries

  

  Bloomberg President Donald Trump’s tariffs on $50 billion in Chinese imports include duties on components for wind turbines, nuclear reactors and batteries — but they are unlikely to cripple any of those industries. Less than 2 percent of wind turbines installed in the US since 2010 were imported from China, Stephen Munro, an analyst at Bloomberg New Energy Finance, said ...

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• 18 June

  Baytex to buy Raging River in $1.2 billion oil sands deal

  Bloomberg Baytex Energy Corp. agreed to buy rival western Canadian oil producer Raging River Exploration Inc., in a deal valued at C$1.6 billion ($1.2 billion) that includes about 260,000 acres in the emerging East Duvernay Shale basin. Under the pact, holders of common shares of Raging River will receive 1.36 common shares of Baytex for each Raging River Share owned, ...

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• 18 June

  African oil giant needs $12bn to avoid missing LNG boat

  

  Bloomberg On a tropical island just off the coast of Nigeria, hundreds of engineers work around the clock to produce liquefied natural gas at a plant the size of Lower Manhattan. Operator Nigeria LNG Ltd says it will decide later this year whether to invest more than $10 billion to boost capacity by 40 percent. That would allow the Bonny ...

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• 18 June

  China seeks cheaper solar power in shift to efficiency

  Bloomberg China’s efforts to cool solar power capacity growth will cut electricity generation costs and the industry’s reliance on government subsidies that helped drive record installations last year, the People’s Daily reported. Electricity rates paid to solar developers haven’t fallen in line with photovoltaic panel costs and clean energy developers are owed more than 120 billion yuan ($18.7 billion) in ...

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