December, 2017

• 27 December

  449 Emiratis receive over AED300 million in housing assistance

  Abu Dhabi / WAM The Board of Directors of the Sheikh Zayed Housing Programme on Wednesday approved housing support for 449 eligible Emiratis with a total value AED322 million. The housing support is part of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh ...

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• 27 December

  Empower upgrades to latest international certification

  

  Dubai / Emirates Business Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced that it has upgraded to the latest international standards set by leading certifications firm International Standards Organization (ISO). The Dubai-based district cooling company has undergone rigorous evaluation and received the upgraded ISO9001:2015 certification for qualitymanagement and ISO14001:2015 for its environmental management system. ...

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• 27 December

  Homeowners race to beat property tax cap

  

  Bloomberg Homeowners in states with the highest property taxes are looking to prepay 2018 bills ahead of a $10,000 cap on the deduction for state and local levies, including property taxes, in the GOP tax overhaul President Donald Trump just signed. In New York, residents are peppering local officials with questions about how to prepay their 2018 property tax bills ...

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• 27 December

  at-a-glance guide to Brexit saga

  

  Bloomberg / Emirates Business UK Prime Minister Theresa May refused to rule out running for another term in 2022 as she shrugged off suggestions that 2017 has been the worst year of her political career. The other 27 leaders in the EU agreed in December 2017 that “sufficient progress” had been made to allow Brexit talks to proceed to the ...

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• 27 December

  All you need to know about global markets in 2018

  

  Bloomberg And just like that, the year in which we learned to live with late night Twitter rants from a US president, record-high stock prices and the bitcoin bubble comes to a close. As we enter 2018, steadily rising assets and diminishing volatility have become the norm, global growth remains strong, and optimism prevails across asset classes. Yet now isn’t ...

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• 27 December

  Aeromexico mulls C Series order as Delta faces tariffs

  

  Bloomberg Grupo Aeromexico SAB is considering an order of Bombardier Inc. C Series jets, taking aircraft that would be available next year if US tariffs thwart deliveries to Delta Air Lines Inc., people familiar with the matter said. Mexico’s largest carrier is also considering short-range planes from Brazil’s Embraer SA and Japan’s Mitsubishi Aircraft Corp. instead, said the people, who ...

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• 27 December

  How luxury travel changed!

  

  Bloomberg A lot can happen in a year—but 2017 was particularly eventful when it came to how we travel the world. The threats that loomed largest in 2016, Zika and the migrant crisis, faded into the rear-view mirror as talk of a United States travel ban and Brexit suddenly dominated global headlines. And that was just the beginning. Here are ...

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• 27 December

  China becomes world’s No. 2 natural gas importer in 2017

  

  Beijing / Reuters China will become the world’s second-biggest importer of liquefied natural gas (LNG) as it overtakes South Korea, shipping data in Thomson Reuters Eikon showed. This is a huge boost to Asia’s emerging spot market as Chinese buyers rely much more on short-term purchases to meet their needs than their counterparts in Japan and South Korea. Shipping data ...

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• 27 December

  Oil slips from 2-year high amid low trading volume

  

  Bloomberg Oil retreated from its highest close in more than two years amid low volume, even as a pipeline carrying crude to Libya’s export terminal was said to need a week for repairs following an explosion. Brent and West Texas Intermediate crude futures both slipped after the US benchmark rose 2.7 percent, breaching $60 a barrel for the first time ...

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• 27 December

  Kuwait strikes 15-year LNG deal with Shell

  

  Bloomberg Kuwait struck a 15-year deal with Royal Dutch Shell Plc for liquefied natural gas, locking in supplies as neighbours in the oil rich Gulf consider their own import strategies. The United Arab Emirates and Kuwait are the only importers of LNG in the region, with Bahrain joining the club in 2019. Saudi Arabia is looking at natural gas assets ...

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