June, 2018

• 6 June

  Big Things selected as partner for US pavilion at Expo 2020 Dubai

  Abu Dhabi / WAM The US Department of State has announced its intent to work with the Big Things Group as its partner for the US pavilion at Expo 2020 Dubai. Current design plans, based on the theme “What Moves You,” are for a US pavilion that showcases the best of American culture, technology, and values, particularly in the field ...

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• 6 June

  DCL launches lab test for genetically modified food items

  Dubai / WAM The Food and Environment Laboratories Section in the Dubai Central Laboratory (DCL) of Dubai Municipality has developed and launched a new screening service for genetically modified food items to ensure that the product conforms to the description on the label. The test is being done using Real-Time Polymerase Chain Reaction, a technique with precision. Tests are conducted ...

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• 6 June

  Adnec celebrates Global Exhibitions Day

  

  Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) has revealed that it participated in the worldwide celebrations of Global Exhibitions Day (GED) on June 6, highlighting the strategic importance of the MICE industry to the growth of world economies. The GED initiative, which began in 2016, has seen an ever-growing number of participants and is actively supported by ...

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• 6 June

  Emirates SkyCargo set to expand footprint in UK

  

  DUBAI / Emirates Business Emirates SkyCargo, the freight division of Emirates, is gearing up to facilitate more trade between the UK and the rest of the world by adding London Stansted and Edinburgh to its global network of over 155 destinations. London Stansted and Edinburgh will be Emirates SkyCargo’s seventh and eighth destinations in the UK. Emirates SkyCargo will be ...

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• 6 June

  BHP receives bids valuing shale unit up to $9 billion

  

  Bloomberg BHP Billiton Ltd. has received first-round bids for its US shale portfolio from oil majors including BP Plc and Chevron Corp., valuing the unit at $7 billion to $9 billion, people familiar with the matter said. Royal Dutch Shell Plc, partnering with private equity firm Blackstone Group LP, also submitted a bid for the entire unit late in May, ...

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• 6 June

  US biofuel policy revamp on the verge of collapse

  

  Bloomberg A tentative deal to revamp US biofuel policy appeared to collapse when the White House indefinitely delayed an expected announcement of the planned changes, according to three people familiar with the move. The postponement of a directive outlining the deal may mark the end of the latest effort to overhaul the American renewable fuel mandate with an eye on ...

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• 6 June

  India sees record low solar prices returning

  Bloomberg India may be the biggest beneficiary of solar industry reforms in China that are poised to reduce prices for photovoltaic panels. China announced last week it was halting approvals of some new solar projects this year and cutting subsidies to developers to ease its pace of expansion. That’s expected to slow demand in the world’s biggest market, weakening prices, ...

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• 6 June

  Repsol shows faith in oil’s rally with dividend, spending boost

  

  Bloomberg Repsol SA, Spain’s largest oil producer, plans to raise dividends and investments over the next two years on a bet that crude will remain above $50 a barrel. The scrip dividend — a payout to shareholders in stock — will climb to 1 euro in 2020 from a planned 90 euro cents this year, according to a strategy update ...

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• 6 June

  US, China barter on trade gap, ZTE as tariff deadline nears

  

  Bloomberg The US and China continued to haggle over the shape of a deal to fend off an impending trade war, with China offering to boost purchases of American goods and the US finalising a deal to allow China’s ZTE Corp. to resume purchases from American suppliers. Ahead of a mid-June deadline for imposing tariffs on Chinese imports, China has ...

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• 6 June

  Thailand’s Minor to bid for all of Spain’s NH Hotel Group

  

  Bloomberg Thailand’s Minor International Pcl said it would bid to acquire all of NH Hotel Group SA after agreeing to buy HNA Group Co.’s stake in the Spanish hospitality chain. Minor’s shares climbed the most since 2016. The Bangkok-based company will make a tender offer worth as much as 1.64 billion euros ($1.92 billion) for the 65 percent of NH ...

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