May, 2017

• 15 May

  ADNEC highlights Abu Dhabi as ideal MICE destination at IMEX

  

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) is marking an emphatic participation at the 2017 edition of Worldwide Exhibition for Incentive Travel, Meetings and Events (IMEX), the largest European trade show for the international congress, conference and events sector, currently underway at Messe Frankfurt in Germany. The delegation from ADNEC is attending various co-located events including ...

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• 15 May

  ADNIC hires ten Emiratis in 100 days

  Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has achieved its target for the UAE Government Accelerators program, by employing 10 Emirati talents during the first 100 days of the programme. Upon recruitment, ADNIC in coordination with Emirates Institute of Banking and Financial Studies, enrolled ...

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• 15 May

  Eight candidates quizzed for FBI chief amid uproar over Comey

  

  Bloomberg The two top officials at the Justice Department have interviewed eight candidates to replace the fired James Comey amid demands from lawmakers of both parties for Donald Trump to turn over any recordings he may have made of his meetings with the former FBI director. Washington continued to be roiled by Trump’s firing of Comey on May 9, citing ...

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• 15 May

  Erdogan welcomes decisive Trump meeting amid ‘row’

  Bloomberg Turkish President Recep Tayyip Erdogan said he’s looking forward to a “decisive meeting” with his US counterpart Donald Trump, whose decision to arm Kurdish groups against IS in Syria has stoked tensions between the two NATO members. “If we are strategic allies, then we should make decisions in alliance,” the Sabah newspaper cited Erdogan as telling reporters on Sunday ...

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• 15 May

  Travel ban faces second round at West Coast appeals court

  Bloomberg Attorneys from the U.S. Justice Department will again come before a federal appeals court to try to salvage President Donald Trump’s order banning travel from six mostly Muslim nations, after a judge said it appeared to be discriminatory. The hearing gets underway at 9:30 a.m. in Seattle. It’s the second time a three-judge panel from the Ninth Circuit Court ...

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• 15 May

  Saudi, Russia favour extending oil cuts until March 2018

  

  Bloomberg Saudi Arabia and Russia said they favour prolonging oil-output cuts by global producers through the end of the first quarter of 2018, setting a firmer timeframe for a likely extension of the curbs into next year. Crude prices jumped. Extending the curbs at already agreed-upon volumes is needed to reach the goal of reducing global inventories to the 5-year ...

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• 15 May

  Libyan oil output up as OPEC nears decision on cuts

  Bloomberg Libya is ratcheting up oil output with less than two weeks to go before the world’s biggest exporters decide whether to extend production cuts to clear a supply glut. The OPEC member with Africa’s largest crude reserves is pumping more than 814,000 barrels a day, thanks partly to rising output from two fields that re-started last month, Jadalla Alaokali, ...

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• 15 May

  Start-up of Vietnam’s Nghi Son crude refinery delayed

  

  SINGAPORE / Reuters The commercial start-up of Vietnam’s new $7.5 billion Nghi Son oil refinery will be delayed to 2018, from an initial expected start-up in the third quarter of this year, according to a notice on a government website. The 200,000 barrels-per-day (bpd) oil refinery is now planning to start commercial operations in the first quarter of 2018, according ...

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• 15 May

  Trudeau details partial ban on North Pacific oil tankers

  Bloomberg Days after a tight election made the Green Party a power-broker in Canada’s westernmost province, Justin Trudeau’s government is introducing a bill to ban crude oil tankers from using ports along the northern coast of British Columbia. The move, long signaled by Trudeau, is more political than of any immediate consequence. The area affected stretches from British Columbia’s border ...

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• 15 May

  Surprise rupee rally a new worry for Indian tech giants

  

  Bloomberg Just six months ago, Indian companies and policy makers were grappling with a record-low exchange rate. Now, the rupee’s unexpected rebound is causing fresh problems. While the currency’s 5.9 percent jump against the dollar so far this year will help tamp down inflation, it’s posing a challenge for the earnings of India’s exporters. For information technology and drug companies ...

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