January, 2017

• 22 January

  Zayed University, TCA Abu Dhabi sign pact over heritage

  

    Abu Dhabi / Emirates Business Zayed University officially inked a Memorandum of Understanding (MoU) with Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), the governmental authority responsible for the preservation, protection and promotion of the emirate’s cultural heritage, tourism and culture at Zayed University in Abu Dhabi campus. The MoU was signed by Professor Reyadh AlMehaideb, Vice President ...

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• 22 January

  Ministers laud strong start to OPEC, non-OPEC output cuts

  

    Bloomberg OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices. “The deal is a success …All the countries are sticking to the deal …(the) results are above expectations,” Russian Energy ...

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• 22 January

  US gas market gets rid of storage surplus despite warm winter

  

    LONDON / Reuters The US gas market has tightened significantly over the last nine months as low prices have spurred strong consumption and exports while slashing drilling of new wells. The market has rebalanced despite an unusually mild winter so far, which points to the degree of underlying tightness and suggests prices will need to remain higher in 2017 ...

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• 22 January

  Aramco to boost gas output at Hawiyah, Haradh

  

    KHOBAR / Reuters Saudi Aramco plans to boost gas production at its Hawiyah and Haradh plants to meet growing domestic energy needs, industry sources said. The projects, estimated to cost approximately $4 billion, would see engineering companies expand the processing capacity at Hawiyah by 1.3 billion standard cubic feet per day. Hawiyah gas plant currently processes 2.5 billion scfd ...

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• 22 January

  ‘Carolina $400mn wind project won’t harm radar’

  

    WASHINGTON / AP The Pentagon says it disagrees with Republicans in North Carolina who claim a $400 million clean energy project slated to power data centers for Amazon.com Inc. poses a threat to national security. State legislative leaders have asked the incoming Trump administration to either kill or require major changes to the nearly completed wind farm, which they ...

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• 22 January

  Chinese tourists wildcard for Thailand growth outlook

  

    Bloomberg Thailand is nursing a slide in Chinese holidaymakers after cracking down on low-budget tours from the world’s most-populous country, muddying the Southeast Asian nation’s economic growth outlook. Arrivals fell 16 percent in December from a year ago, extending a slide that began after Thailand in September clamped down on operators bringing in large groups from China on cut-price ...

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• 22 January

  Hong Kong’s Leung warns on housing costs

  

    Bloomberg Hong Kong Chief Executive Leung Chun-ying hit out at independence advocates and called for developing city parks to cool housing prices in his fifth and final policy address. The speech represented Leung’s last chance to define his legacy and set the agenda for potential successors after his surprise decision last month not to seek a second term. The ...

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• 22 January

  Fuel-cell cars need more time to catch on

  

    Bloomberg Toyota Motor Corp. Chairman Takeshi Uchiyamada, known as the “father of the Prius” for his work on the world’s best-selling hybrid car, said fuel-cell vehicles will take longer than gasoline-electric autos to become popular because of the need to build infrastructure. “The hybrid sold much faster than we had anticipated,” Uchiyamada, 70, told Bloomberg Television’s Francine Lacqua at ...

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• 22 January

  Tourist boom in India spreads stealthy germs

  

    Bloomberg Smallpox, syphilis, plague, cholera – some of the planet’s most notorious scourges dramatically expanded their reach thanks to unsuspecting travelers. With a record 3.77 billion air passengers worldwide last year, new disease-causing microbes have never traversed the planet faster. The recent case in Reno, Nevada of a woman who died from a rare bacterial infection is a tragic ...

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• 22 January

  May to plow $210mn in UK productivity drive

  

  Bloomberg UK Prime Minister Theresa May will plow 170 million pounds ($210 million) into setting up new technology institutes, placing scientific education at the heart of her drive to boost Britain’s productivity through a new industrial strategy unparalleled since the 1980s. The institutes will specialize in teaching science, technology, engineering and math, providing high-school graduates with the skills demanded by ...

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