April, 2017

• 3 April

  ADM officially launches ‘Radio 1’ and ‘Radio 2’

  Abu Dhabi / WAM Abu Dhabi Media (ADM) announced the official launch of “Radio 1” and “Radio 2” stations, part of the Abu Dhabi Radio Network, bringing the total number of stations under its umbrella to eight. The new launch, which brings ADM’s number of brands up to 27, underscores the corporation’s plans to expand its English-language radio stations. The ...

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• 3 April

  DMAT implements ‘Park and Ride’ services

    Abu Dhabi / Emirates Business As part of the Abu Dhabi Government’s on-going efforts to promote sustainable mobility and to meet the needs and aspirations of the public, the Department of Municipal Affairs and Transport (DMAT) implemented the “Park and Ride Service” for companies in the emirate of Abu Dhabi. Currently, as many as nine entities operate from Park ...

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• 3 April

  ‘Anti-euro France’ may be a crisis ECB’s Draghi can’t fix

  

    Bloomberg If Marine Le Pen convinces France to embrace her anti-euro stance, Mario Draghi will likely be called on again to be savior of the single currency. The trouble is that this time he might not be willing, or able, to do whatever it takes. In fact, the European Central Bank president and his colleagues have given no signal ...

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• 3 April

  Euro-area unemployment falls to lowest level in 8 yrs

  

    Reuters Euro-area unemployment fell to the lowest in almost eight years and a measure of manufacturing accelerated as factories in the region’s biggest economies benefited from improving global growth. The average jobless rate declined to 9.5 percent in February from 9.6 percent in January. It’s been decreasing steadily from a peak of more than 12 percent in 2013 and ...

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• 3 April

  BP sells key North Sea pipeline system to Ineos for $250 mn

    Reuters BP Plc agreed to sell the Forties pipeline, one of the most important pieces of oil infrastructure in the U.K. North Sea, to Ineos AG for $250 million. Ineos will make a cash payment of $125 million on completion and transfer a share of future earnings up to $125 million over seven years, BP said in a statement ...

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• 3 April

  GM Motors, Ford miss estimates as car models plunge despite huge discounts

    Bloomberg General Motors Co. and Ford Motor Co. reported US sales that missed estimates as heavy incentive spending failed to keep struggling sedan and compact models from continuing their plunge. Deliveries rose 1.6 percent for GM and declined 7.2 percent for Ford last month, both trailing analysts’ projections, and Honda Motor Co. reported a surprise drop. Sales of the ...

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• 3 April

  Tesla beats forecast with 25,000 deliveries as model 3 nears

  

    Bloomberg Tesla Inc. set a record for deliveries and production in the first quarter, beating analysts’ estimates as Chief Executive Officer Elon Musk prepares to begin building the Model 3 in July. The maker of electric cars and energy-storage devices shipped just over 25,000 vehicles in the year’s first three months, Palo Alto, California-based Tesla said in a statement ...

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• 3 April

  Libya’s oil production rebounds as biggest field reopens

  

    Bloomberg Libya’s crude production rebounded to about 660,000 barrels a day as the OPEC nation’s biggest oil field resumed output after about a week of disruption. Force majeure on the Zawiya export terminal was lifted after pumping resumed at Sharara, the nation’s biggest oil field, Mustafa Sanalla, chairman of Libya’s state-run National Oil Corp., said on Monday by phone. ...

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• 3 April

  Saudi Arabia to host ‘Top CEO Conference Awards’ next week

    Emirates Business For the first time, Saudi Arabia will host the ‘Top CEO Conference and Awards’ – an event which will see CEOs, CMOs, Presidents and VPs from across the Arabian Gulf region and beyond gather together on April 10-11 at Bay La Sun Hotel & Marina, King Abdullah Economic City. The annual event, now in its third edition, ...

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• 3 April

  Qatar Petroleum lifts gas moratorium from North Field

  

    DOHA / Reuters Qatar has lifted a self-imposed moratorium on development of the world’s biggest natural gas field after more than a decade, the chief executive of state energy company Qatar Petroleum said on Monday. The giant Gulf gas field, which Doha calls the North Field and Iran calls South Pars, accounts for nearly all of Qatar’s gas production ...

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