April, 2017

• 17 April

  Masdar officials launch Yahsat Space Laboratory

  

    Abu Dhabi / Emirates Business The Masdar Institute of Science and Technology (MIST), a research-driven graduate-level institution focused on advanced energy and sustainable technologies, and Al Yahsat Satellite Communications Company (Yahsat), have announced the launch of the Yahsat Space Laboratory. Masdar Institute is a part of the newly-established Khalifa University of Science and Technology. Launched by officials from Masdar ...

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• 17 April

  Winners of TOP CEO Awards announced

  

    DUBAI / Emirates Business The winners of the Top CEO Awards 2017 were announced, following the successful conclusion of the Top CEO Conference on April 11. The award ceremony was hosted at the Bay La Sun Hotel & Marina, King Abdullah Economic City, where the event made its Saudi Arabian debut. It is is organised by TRENDS magazine in ...

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• 17 April

  Crude slips as US drilling surge raises output fears

  

    Bloomberg Oil declined below $53 a barrel as the US continued to ramp up drilling, stoking concern that the nation’s surge in output this year will offset OPEC-led efforts to cut a global supply surplus. Futures fell as much as 1 percent in New York, paring last week’s 1.8 percent advance. US explorers added 11 rigs last week, capping ...

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• 17 April

  Iran to boost gas output with 6 new projects

  

    Bloomberg Iran, holder of the world’s biggest natural gas reserves, boosted output by inaugurating six projects at the giant South Pars offshore field. The country raised total production capacity at South Pars to 570 million cubic meters a day of gas, putting it almost on par with neighboring Qatar, which produces from an adjacent portion of the same deposit, ...

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• 17 April

  China gas production rises as coal rebounds

  

    Bloomberg China’s natural gas production surged to a record last month and coal output rebounded as economic growth accelerated power use in the world’s largest energy user. Natural gas production in March rose 8.2 percent from the average of the first two months of the year to a record 13.6 billion cubic meters, according to data Monday from the ...

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• 17 April

  Iraq plans 3 gas processing plants to reduce flaring

    Reuters Iraq plans to build three new plants to process natural gas currently being flared at southern oil fields, and use the fuel for power generation and to increase the nation’s income from energy exports, Oil Minister Jabar al-Luaibi said on Monday. Iraq is forced to flare some of the gas produced alongside crude oil as it lacks the ...

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• 17 April

  South Korean pension fund clears Daewoo bailout plan

  

    Bloomberg South Korea’s National Pension Service agreed to restructure 1.55 trillion won ($1.4 billion) of bonds issued by Daewoo Shipbuilding & Marine Engineering Co., helping the world’s largest shipbuilder tide over a payment crisis that had threatened to almost shut the company. An agreement came after Daewoo, the Korea Development Bank and Export-Import Bank of Korea took steps to ...

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• 17 April

  Singapore home sales surge to highest in 4 years

  

    Bloomberg Singapore home sales surged to the highest monthly total for nearly four years in March, a month in which the government rolled back some property curbs following a three-year slide in prices. Developers sold 1,780 units in March, the most in a month since June 2013 and more than double the 843 sold in the same period last ...

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• 17 April

  Tokyo’s skyline to see 45 new skyscrapers by 2020 Olympics

    Bloomberg Tokyo’s skyline is set to welcome 45 new skyscrapers by the time city hosts the Olympics in 2020, as a surge of buildings planned in the early years of Abenomics near completion. Japan’s capital will see nearly 50 percent more new high-rise space in the next three years than it did in the preceding three, Toyokazu Imazeki, chief ...

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• 17 April

  Ant Financial raises MoneyGram bid by 36%

  

    Bloomberg Ant Financial raised its agreed offer for MoneyGram International Inc. by 36 percent as the financial-services company controlled by Chinese billionaire Jack Ma tries to top a competing offer and overcome security concerns. The revised bid is worth $18 a share in cash, up from a previous offer of $13.25, the companies said in a joint statement. The ...

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