May, 2017

• 20 May

  OPEC keeps focus on shale threat

  Bloomberg OPEC officials gathering in Vienna to prepare for next week’s ministerial meeting kept their focus on rising US shale oil production, which has been diluting price impact of production cuts. National representatives from the OPEC and officials from several non-members heard a presentation on the outlook for the US industry from Roger Diwan, a Washington-based analyst at IHS Markit ...

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• 20 May

  SAP to build skills among young talents worth $100 million

  Jordan / Emirates Business During World Economic Forum on Middle East and North Africa, global digital transformation enabler SAP announced it will build skills and knowledge among young talents worth $100mn by 2022. The program is centered on public-private partnerships driving economic growth in MENA. Cloud, analytics, mobility, and social media skills are posting double or triple digital growth in ...

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• 20 May

  Trump’s Russia troubles deepen as Comey plans senate testimony

  

  Bloomberg Former FBI Director James Comey agreed to testify in open session before the Senate Intelligence Committee about the bureau’s probe into Russian meddling with the 2016 US election, intensifying Donald Trump’s troubles at the start of his first foreign trip as president. The announcement late Friday from committee Chairman Richard Burr, of North Carolina, and Vice Chairman Mark Warner, ...

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• 20 May

  Iran’s Rouhani sweeps to 2nd term, beating hardline rival

  Bloomberg Hassan Rouhani won a second term as president of Iran, in a landslide victory seen as an endorsement of his efforts to steer the nation out of isolation through its landmark nuclear deal with world powers. Rouhani secured 57 percent of ballots cast in a first round of voting, Interior Minister Rahmani Fazli said at a news conference in ...

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• 20 May

  Xi threatened war if he pushed sea dispute, says Duterte

  Bloomberg Philippine President Rodrigo Duterte said China threatened to go to war after he asserted the Southeast Asian nation’s sovereignty over disputed territory. In an unspecified meeting with Chinese President Xi Jinping, Duterte said he will drill for oil in the South China Sea, citing an international arbitration tribunal ruling upholding the Philippines’ claim. That prompted a retort from Xi, ...

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• 20 May

  Merkel seeks push for Ukraine cease-fire talks with Macron

  Bloomberg German Chancellor Angela Merkel said she and French President Emmanuel Macron will seek to revive talks with Russian President Vladimir Putin on a cease-fire in eastern Ukraine. Speaking alongside Ukrainian President Petro Poroshenko during a meeting near Berlin, Merkel said Macron had backed the so-called Minsk peace process on Monday during the first visit to the German capital after ...

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• 20 May

  SNOC, SEWA sign gas sales pact for power generation

  

  Sharjah / WAM The Sharjah National Oil Corporation (SNOC), and the Sharjah Electricity and Water Authority (SEWA), have signed a full gas sales agreement, GSA, targeting the supply of natural gas for power generation in the emirate of Sharjah. The agreement was signed by Sheikh Sultan bin Ahmed Al Qasimi, Deputy Chairman of the Sharjah Petroleum Council and President of ...

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• 20 May

  VP orders AED33.28mn bonus to 6,657 taxi plate owners in Dubai

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai in his capacity as Ruler of Dubai, ordered the payment of a bonus amounting to AED33.285 million to Emirati citizens whose taxicab number plates are operated by the Dubai Taxi Corporation and Taxi Franchise Companies at the Roads and ...

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• 20 May

  Dubai Customs is newest Expo 2020 official sponsor

  Dubai / WAM Dubai Customs signed a memorandum of understanding with the Expo 2020 office that aims at developing means of cooperation between the two sides. As per the agreement, Dubai Customs has become the newest official sponsor of Expo 2020 Dubai and will participate in promoting the exhibition’s brands in different publications and media channels. Khalil Saqer bin Gharib, ...

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• 20 May

  Khalifa Foundation funds 32 development projects in Lebanon

  

  Beirut / WAM In the spirit of the ‘Year of Giving’ initiative, launched by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the Khalifa Foundation is financing 32 development projects in a number of remote Lebanese areas hosting scores of Syrian refugees. Ahmed Saeed Sultan Al Shamsi, UAE Ambassador to Lebanon, who was accompanied by Mou’een el-Meherbi, Representative of ...

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