November, 2017

• 14 November

  Oil to remain world’s largest source of energy, says OPEC

  

  ABU DHABI / WAM The latest edition of the OPEC World Oil Outlook predicts oil will remain the world’s largest source of energy over the next two decades, despite the increasing importance of renewables. Released in an exclusive briefing to senior industry executives at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the latest edition of the World Oil ...

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• 14 November

  ADSB expands into oil and gas industry

  ABU DHABI / WAM Abu Dhabi Ship Building (ADSB) announced that it has expanded its services portfolio to the oil and gas industry. This is the company’s first foray outside of the naval, marine and defence sector, as it opens up to opportunities beyond its traditional industries of focus. Marking its business success and new direction, the company also revealed ...

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• 14 November

  DIFC launches $100mn fund to boost FinTech

  

  DUBAI / WAM Dubai International Financial Centre (DIFC) announced the launch of a $100 million FinTech-focussed fund to accelerate the development of financial technology by investing in start-ups from incubation through to growth stage, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of DIFC. The fund was announced during ...

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• 14 November

  UAE seals $684mn Raytheon laser guided bomb deal

  DUBAI / Reuters The United Arab Emirates’ military said on Tuesday it was buying laser guided bombs from US missile maker Raytheon Co. in a deal worth AED2.5 billion ($684.4 million). The GBU-10 and GBU-12 Paveway laser guided bomb kits were the largest part of AED3.34 billion in deals announced by the US ally at the Dubai Airshow. The UAE ...

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• 14 November

  Mubadala plans AED82.5mn R&D investment in five years

  ABU DHABI / Emirates Business Mubadala announced plans for its Aerospace, Renewables & ICT platform to invest a further AED82.5mn in Research and Development (R&D) over the next five years. The funding will be used to accelerate several innovative technology development projects that focus on differentiating concepts from the Fourth Industrial Revolution, including 3D printing, digital manufacturing and advanced materials. ...

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• 14 November

  UAE seeks to strengthen and develop relations with Nepal

  

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Bidhya Devi Bhandari, President of Nepal, who is currently visiting the country to attend the international health forum, ‘Reaching the Last Mile – Mobilising Together to Eliminate Infectious Disease’, which begins on Wednesday ...

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• 14 November

  Mohamed, Malian president discuss ways to enhance ties

  

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday, received at Al Bahr Palace, the President of Mali, Ibrahim Boubacar Keita, who is here to attend the “Reaching the Last Mile: Mobilising Together to Eliminate Infectious Disease” forum, due to be ...

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• 14 November

  Emirates SkyCargo to be logistics space partner for MBRSC

  

  DUBAI / Emirates Business Emirates SkyCargo signed a Memorandum of Understanding (MoU) with Mohammed Bin Rashid Space Centre (MBRSC) to become the preferred logistics partner for the Dubai based space science and advanced technology research and development centre. The MoU was signed in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates ...

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• 14 November

  Dubai Chamber launches 10th cycle of MRM Business Award

  

  Dubai / Emirates Business Dignitaries, government and business leaders, and industry experts from the UAE and around the world gathered in Dubai on Tuesday for the International Conference launching the 10th cycle of the Mohammed bin Rashid Al Maktoum (MRM) Business Award, and the 2nd cycle of the MRM Business Innovation Award. The high-profile event, entitled “Drivers of Growth in ...

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• 14 November

  ADIPEC awards recognise energy industry innovation

  

  ABU DHABI / Emirates Business Achievements in the oil and gas industry have been honoured, with the presentation of the prestigious ADIPEC Awards, rounding out the opening day of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC). The ADIPEC Awards recognise the achievements of businesses, initiatives and individuals shaping the rapidly changing industry. ADNOC’s Onshore CEO and ADIPEC Awards Chairman, ...

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