December, 2017

• 12 December

  DLD holds real estate roadshow in Baku

  

  Dubai / Emirates Business Dubai Land Department (DLD) has arrived in Baku as part of its real estate roadshow, which was organised by the Real Estate Investment Management and Promotion Center, the department’s investment arm. The capital of the Republic of Azerbaijan in the latest stop of the international roadshow, which aims to encourage real estate investment in Dubai across ...

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• 12 December

  CNBC to open Middle East office in Abu Dhabi

  Abu Dhabi / WAM CNBC, the business and financial news network, on Tuesday unveiled plans for a Middle East Headquarters in Abu Dhabi. The network will begin broadcasting from a new studio at Abu Dhabi Global Market (ADGM), in the first quarter of 2018. The network plans to anchor one of its daily global business news programmes from its new ...

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• 12 December

  Central Bank discusses 2018 operational plan

  ABU DHABI / WAM The Board of Directors of the UAE Central Bank has held its 8th meeting under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board. During the meeting, the Board discussed the Central Bank’s Operational Plan for 2018, HR regulations, policies, procedures and transformation. The Board also discussed and approved the Bank’s budget for the ...

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• 12 December

  Etihad adds B787 to Casablanca route

  

  Abu Dhabi / Emirates Business Etihad Airways is to operate its flagship Boeing 787 Dreamliner on the Abu Dhabi – Casablanca route, effective May 1, 2018. Casablanca will be the first North African destination to be served by Etihad Airways’ next generation aircraft which is fast becoming the backbone of the Abu Dhabi-based carrier’s long-haul fleet. The three-class aircraft, featuring ...

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• 12 December

  Construction of special needs centre in Al Ain complete

  

  ABU DHABI / WAM Abu Dhabi General Services Company (Musanada), announced the completion of all works on the Al Quaa Special Needs Rehabilitation and Care Centre project in Al Ain. The Centre is currently being handed over to Zayed Higher Organisation for Humanitarian Care & Special Needs (ZHO). The move is part of Musanada’s efforts to deliver projects that serve ...

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• 12 December

  Aramco lifts spending plans to $414bn over next decade

  

  DAMMAM / Reuters Saudi Aramco plans to raise its spending to $414 billion over the next 10 years, including on infrastructure and drilling, as the state oil giant moves into new businesses, executives said. The spending plan is higher than Aramco’s projection last year of around $334 billion by 2025, as the oil producer has been expanding its businesses, the ...

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• 12 December

  Trump to open door for oil drilling off US east coast

  

  Bloomberg The Trump administration is preparing to unveil as soon as this week an expansive offshore oil plan that would open the door to selling new drilling rights in Atlantic waters, according to people familiar with the plan. President Donald Trump ordered his Interior Department to write the new blueprint with the aim of auctioning oil and gas drilling rights ...

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• 12 December

  Libya, Nigeria seek to boost oil output

  

  LONDON / Reuters Less than two weeks after OPEC’s decision to extend oil production cuts, Libya and Nigeria — the only two exempt members of the group — are signalling their intent to raise output next year. While several ministers at the November 30 meeting of the Organization of the Petroleum Exporting Countries suggested the two nations had joined the ...

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• 12 December

  Japan firm to take on Tesla in solar-roof competition

  

  Bloomberg Japan’s Solar Frontier K.K. plans to sell solar panels incorporated into roofing and wall materials, taking on Tesla Inc. in building technology that can generate power in the smallest spaces available. Solar Frontier, a wholly owned unit of Showa Shell Sekiyu K.K., is speaking with potential partners and aiming for the second half of 2019 to begin sales, Chief ...

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• 12 December

  Crack in UK oil pipe roils crude trading from US to Asia

  

  Bloomberg The effects of a hairline crack in one of the world’s most important oil conduits is rippling through crude markets from Europe to the US and Asia. The Forties Pipeline System is being shut after the fault was discovered near Aberdeen, Scotland. That pushed global benchmark Brent futures over $65 a barrel for the first time since June 2015, ...

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