May, 2018

• 14 May

  Sheikh Hamed bin Zayed inaugurates ADGM Academy

  

  Abu Dhabi / WAM His Highness Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, on Monday officially inaugurated the Abu Dhabi Global Market Academy (ADGM), in Al Maryah Island in Abu Dhabi. The inauguration took place in the presence Saif Mohammed Al Hajeri, Chairman of the Department of Economic Development, Homaid Abdullah Al Shimmari, ...

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• 14 May

  Access World Logistics opens AED40mn facility at Jafza

  

  Dubai / WAM Access World Logistics L.L.C. – a joint venture between RHS Group, Dubai and Switzerland-based Access World, inaugurated a state-of-the-art 3rd party logistics and warehousing facility in the Jebel Ali Free Zone. The facility, with a storage capacity in excess of 100,000 freight tonnes of multiple products, has a 15,200 m2 covered warehouse with Very Narrow Aisle (VNA) ...

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• 14 May

  FANR seeks public comment on draft radiation safety regulation

  Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR), released a draft radiation safety regulation and invited public to review the draft and comment. According to a press statement, FANR revised Regulation No. 04 for Radiation Dose Limits and Optimisation of Radiation Protection for Nuclear Facilities, which establishes the radiation dose limits that are relevant to a nuclear ...

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• 14 May

  TRA hosts first ICT future foresight forum in UAE

  Dubai / WAM The First ICT Future Foresight Forum, a major ICT event in the UAE, was launched under the patronage of the Telecommunications Regulatory Authority (TRA). The Forum aims to address future challenges of the ICT sector, as well as possible solutions in this regard. Hamad Obaid Al Mansoori, TRA Director-General, delivered the opening speech, highlighting the importance of ...

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• 14 May

  UAE, Angola discuss economic cooperation

  

  Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, met Angolan delegates to discuss mutual economic and trade cooperation led by Manuel Augusto, Minister of External Relations of Angola. During the meeting, the two sides tackled ways to enhance their partnerships in vital industries such as oil and gas, precious metals, agriculture, civil aviation, and telecommunications, economic, ...

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• 14 May

  Expo 2020 backs 26 projects that improve lives, protect the planet

  

  Dubai / WAM Dozens of innovations, ranging from agricultural initiatives that empower women and farmers to novel products that could combat desertification or plastic waste, are among the latest to receive a major boost from global social impact programme, Expo Live, run by organisers of the next World Expo, Expo 2020 Dubai. Twenty-six projects from 22 countries have been selected ...

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• 14 May

  Tata Power plans $5bn push to boost renewable capacity

  

  Bloomberg Tata Power Co., one of India’s largest private power utilities, is planning to invest as much as $5 billion to ramp up its renewable capacity fourfold, according to its top executive. The 103-year-old power utility plans to increase its clean-energy capacity to 12,000 megawatts by 2028, Chief Executive Officer Praveer Sinha said. That would require an investment of as ...

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• 14 May

  Oil steady as OPEC says it could offset Iranian supply loss

  

  Bloomberg Oil steadied near $71 as OPEC signalled it could fill in any supply gap if renewed US sanctions curtail shipments from Iran, the group’s third-largest producer. Futures in New York were little changed after sliding 0.9 percent. Three members of the Organization of Petroleum Exporting Countries — Saudi Arabia, Kuwait and the United Arab Emirates — together have enough ...

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• 14 May

  EDP poised to reject $10.9 billion-China Three Gorges takeover bid

  

  Bloomberg EDP-Energias de Portugal SA is poised to reject a 9.1 billion euro ($10.9 billion) takeover offer from China Three Gorges Corp on the grounds that it undervalues Portugal’s biggest energy company, according to people with knowledge of the matter. The board of EDP, which may meet as early as this week, views the current bid of 3.26 euros a ...

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• 14 May

  Vivo bet on African fuel market yields London’s biggest IPO

  

  Bloomberg Vivo Energy Plc’s bet on fuel demand growth in Africa has earned it a market value of almost 2 billion pounds ($2.7 billion) in London’s largest initial public offering this year. Backed by the world’s biggest independent oil trader Vitol Group and private-equity firm Helios Investment Partners, Vivo sells fuels and lubricants across the continent from Morocco to Mozambique. ...

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