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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Law No. 16 of 2017 on the objectives, authorities, responsibilities and organisational structure of Dubai’s Knowledge Fund. The law aims to support Dubai’s vision for the education sector in line with approved policies and strategic ...
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November, 2017
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7 November
Mohammad receives ‘Proud Expressions’ participants
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, has received a group of artists participating in the ‘Proud Expressions’ initiative. Sheikh Khalifa bin Tahnoun bin Mohammad Al Nahyan, Director of the Martyrs’ Families’ Affairs Office at the Abu Dhabi Crown Prince’s Court, ...
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7 November
Hamdan attends Dubai Forum for Government Best Practices at DWTC
Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, attended on Tuesday the Dubai Forum for Government Best Practices 2017 at Dubai World Trade Centre (DWTC). Abdullah Mohammad Al Basti, Secretary-General of the Dubai Executive Council, welcomed a packed lecture hall to the signature event. Lt. General ...
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7 November
ADNOC academy to train 350 engineers, technicians per year
Abu Dhabi / WAM Abu Dhabi National Oil Company (ADNOC), on Tuesday announced the revamp of the ADNOC Technical Institute, which has been launched as the ADNOC Technical Academy (ATA), reinforcing the company’s commitment to investing in, and cultivating, young Emiratis’ professional development and building the next generation of ADNOC technicians and operators. As part of ATA’s revamp, over the ...
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7 November
FCCI seeks to build trade relations with EU
Fujairah / WAM The Fujairah Chamber of Commerce and Industry (FCCI), and the European Union Mission in the UAE, have discussed the economic and trade relations between the UAE in general, and the emirate in particular, with EU countries. The parties also covered ways to promote ties between Fujairah’s entrepreneurs and their counterparts in the EU. Discussions took place during ...
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7 November
3rd ‘future mobility’ conference kicks off
Dubai / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, inaugurated the third International Conference on Future Mobility in Dubai on Tuesday. Around 350 representatives of global, regional, Gulf and local governments, as well as experts in environment, energy, technology, communications, research and legislation, are participating in the conference, organised by the Emirates Authority for Standardisation and Metrology (ESMA). ...
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7 November
ADFD, MoFAIC hold meet on ‘foreign aid strategy’
Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, hosted a high-profile delegation from the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC), to coordinate efforts in achieving the objectives of the UAE Foreign Aid Strategy, 2017-2021. The opening session was chaired by Mohammed Saif Al Suwaidi, Director-General of the ADFD, ...
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7 November
Oilpatch dealmakers agree to pay more amid M&A slump
Bloomberg Exxon Mobil Corp.’s deal in January for a swath of Permian Basin drilling real estate came with a sweetener for the sellers. The heirs of oil tycoon Perry Bass will get $1 billion in cash by 2032 — if drilling goes well for Exxon. That payout would be on top of the $5.6 billion in Exxon shares the Bass ...
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7 November
$6 billion windfall for oil refiners hits ‘IRS roadblock’
Bloomberg An obscure gasoline additive could lead to a windfall of more than $6 billion for struggling US oil refiners. There’s just one hurdle: the Internal Revenue Service. Fuel makers are examining whether their occasional use of butane — a liquefied petroleum gas — qualifies for a big tax credit under a now-expired law that was intended to promote the ...
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7 November
Sunrun surges as analyst predicts positive cash flow
Bloomberg Sunrun Inc., the San Francisco-based residential-solar company, surged the most in 10 weeks after Bank of America Corp. said the company expects to be cash-flow positive by year-end. Sunrun gained 6.9 percent to $6.04 at 11:07 a.m. in New York, the most intraday since Aug. 24. The company is expanding into new markets and shifting its financing models so ...
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