July, 2017

• 16 July

  UMEX, SimTEX 2018 see strong international exhibitor demand

  

  ABU DHABI / WAM The upcoming editions of the Unmanned Systems Exhibition and Conference (UMEX 2018) and the Simulation Exhibition and Conference (SimTEX 2018) witnessed strong international exhibitor demand from specialised defence and security companies. Set to run from February 25-27, 2018 at the Abu Dhabi National Exhibition Centre, the dual exhibition is co-organised by Abu Dhabi National Exhibitions Company ...

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• 16 July

  Dubai Properties launches new clusters for sale in Remraam

  

  Dubai/ Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager of renowned destinations across the emirate, announced the launch of sale of new units in the next phase of the Remraam community development, strategically located within Dubailand, at an attractive price starting from AED448,000. The off-plan units, comprising one and two- bedroom apartments, will be ...

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• 16 July

  UAE among top global spenders on beauty products

  

  Dubai / Emirates Business With the UAE ranked among the world’s highest per capita spenders on beauty products and the region blossoming into one of the top beauty and personal care markets globally, it was no surprise that the focus of the beauty and wellness industry was firmly on the region at the recent Beautyworld Middle East 2017. According to ...

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• 16 July

  Trump campaign paid $50,000 to firm now representing son

  

  Bloomberg President Donald Trump’s campaign committee paid $50,000 in late June to the law firm now representing Donald Trump Jr. in the matter of a 2016 meeting with a Russian lawyer while seeking damaging information about Democrat Hillary Clinton. The June 27 payment to the Law Offices of Alan S. Futerfas came almost two weeks before news of the meeting—involving ...

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• 16 July

  Record Norwegian Troll gas may help beat UK winter woes

  

  Bloomberg Norway is turning on the taps at Europe’s biggest offshore gas field at just the right time for Britain. Output from Troll will increase to a record this year after the government raised a production cap, and it could pump even more, according to Stavanger-based operator Statoil ASA. That should help exports from Norway, the UK’s biggest foreign supplier, ...

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• 16 July

  First phase of Saudi energy industrial city to be complete in 2021

  

  KHOBAR / Reuters State oil firm Saudi Aramco said the first phase of a new Energy Industrial City in Saudi Arabia will be completed in 2021. Last week, the Saudi government said it approved Saudi Aramco’s plans to set up two new companies that will develop and operate the new Energy Industrial City as the kingdom seeks to expand its ...

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• 16 July

  A solar eclipse can wipe out 9,000 MW power supplies

  

  Bloomberg The eclipse set to darken skies next month threatens to sideline solar farms and rooftop panels in a wide swath of the US, wiping out enough power generation to supply about 7 million homes. This rare event, during which the moon will completely obscure the sun, will cast a shadow along a 70-mile-wide (113-kilometer) corridor stretching from Oregon to ...

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• 16 July

  Texas oil market with spare pipeline space shrugs off shutdown

  Bloomberg Oil markets shrugged off a spill that shut a pipeline crossing Texas, signaling no immediate shortage of space to haul crude from the region’s prolific Permian Basin to Houston-area refineries. The 1,200-barrel release on Magellan Midstream Partners LP’s 275,000 barrel-a-day Longhorn system near Austin started after a contractor struck the pipeline while doing maintenance, according to a company statement. ...

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• 16 July

  Cash from shale without a dime spent on drilling

  

  Bloomberg Bob Ravnaas raised a paddle in a Houston auction house to secure his first block of mineral rights 19 years ago, when oil prices were swooning below $20 a barrel. A generation later, that same West Texas oilfield is still spinning off royalties, part of a mineral-rights empire amassed by Ravnaas that stretches across 20 states and delivers millions ...

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• 16 July

  Canadian oil patch loses Loonie’s cushion

  Bloomberg Add costlier debt and thinner profit margins to the list of woes for Canada’s oil patch. The Bank of Canada’s decision to increase its benchmark interest rate by a quarter point to 0.75 percent will raise borrowing costs for oil producers already grappling with prices stuck near $45 a barrel. The rate hike also sent the Canadian dollar to ...

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