May, 2018

• 22 May

  Yemeni forces achieve military victories on Red Sea Coast with support of UAE forces

  Yemen / WAM With the support of the UAE Armed Forces operating within the Saudi-led Arab Coalition, Yemen’s Red Sea Coast battlefronts are witnessing expansion, great military momentum and successive victories by the Yemeni National Resistance forces and the Brigades al-‘Amalaqah and Tihama Resistance forces, while penetrating the front defence lines of the Iran-allied Houthi militias and defeating their elements ...

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• 22 May

  Dubai explores IT markets in Russia, Belarus

  

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry led a study mission to Russia and Belarus which explored business potential within the countries’ IT markets, as well as prospects for new partnerships and joint ventures in several innovation-focused sectors. The study mission included visits to Moscow and Minsk where delegates held high-level meetings with officials and representatives ...

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• 22 May

  ADU approves nine new academic programmes

  ABU DHABI / WAM Abu Dhabi University (ADU), on Tuesday announced the launch of nine new bachelor’s and master’s programmes for the 2018 semester in line with its sustained commitment to addressing the UAE market demand and equipping younger generations with the required tools and skillsets to progress in promising careers and grow the national economy. The nine new undergraduate ...

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• 22 May

  Sheraa, Ajman University sign MoU

  

  SHARJAH / Emirates Business Broadening its reach and delivering valuable guidance to those with young ideas in the region, Sheraa (Sharjah Entrepreneurship Center) have signed a Memorandum of Understanding (MoU) with Ajman University (AU). The purpose of the MoU is to support activities that help bridge research and education with industry. The collaboration will also help students, educators, experts and ...

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• 22 May

  Sharjah-based charity donates AED33m to Egypt’s National Cancer Institute

  

  SHARJAH / WAM The Big Heart Foundation (TBHF), the Sharjah-based global humanitarian charity dedicated to helping refugees and people in need worldwide, announced it will donate 160 million Egyptian pounds (around AED33 million) to develop the main building of the National Cancer Institute (NCI) in the Egyptian capital. NCI is one of the largest and most advanced oncology and medical ...

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• 22 May

  UAE marks ‘international day for biological diversity 2018’

  

  Dubai / WAM The UAE has joined the world in celebrating World Biodiversity Day, which is observed annually on May 22. This year’s celebration is being held under the theme ‘Celebrating 25 Years of Action for Biodiversity,’ to mark the 25th anniversary of the entry into the force of the Convention on Biological Diversity, ratified by the UAE in 1992 ...

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• 22 May

  China trade truce may help give US natural gas $30 billion boost

  

  Bloomberg China’s appetite for US liquefied natural gas may be about to get a lot bigger after the two nations agreed to pull back from the brink of a trade war. If China makes a substantial commitment to buying US LNG, it could bring $30 billion back into the country, according to a Height Securities LLC report. The White House ...

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• 22 May

  Oil rises as Venezuela sanctions stoke crude supply risk concern

  

  Bloomberg Oil extended gains as a new wave of US sanctions on Venezuela stoked concerns over its crude production and as analysts forecast further declines in American stockpiles. Futures in New York added as much as 0.4 percent after US President Donald Trump ordered sanctions on debt owed to Venezuela after the Latin American country’s President, Nicolas Maduro, won a ...

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• 22 May

  Energy firms grab tie-ups in $20 billion deal trifecta

  Bloomberg Two of North America’s biggest pipeline companies and the top US natural gas exporter are all absorbing subsidiaries in moves aimed at curbing future tax obligations following a federal overhaul. Williams Cos. said it will buy the remaining stake in Williams Partners in a $10.5 billion all-stock deal. Cheniere Energy Inc. is buying up the partnership that holds units ...

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• 22 May

  Glencore nears $1bn deal to buy Chevron’s South Africa assets

  

  Bloomberg Glencore Plc is close to a $1 billion deal to buy Chevron Corp.’s southern African assets, potentially scuppering an earlier agreement with China Petroleum & Chemical Corp., according to three people familiar with the matter. The Switzerland-based miner and trader will complete the deal within the next six weeks, said one of the people who asked not to be ...

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