January, 2017

• 9 January

  NYUAD students explore UAE and beyond

  

    Abu Dhabi / Emirates Business New York University Abu Dhabi’s (NYUAD) annual January Term (J-Term) is a unique study program that aims to intensify students’ intellectual focus and reach beyond the classroom. The program incorporates experiential learning, connecting students to the UAE, the Middle East and a range of global destinations. With a focus on exploring and interacting with ...

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• 9 January

  Sustainable City to showcase its achievements at WFES

  

    Dubai / Emirates Business The Sustainable City – the first Net Zero Energy city in Dubai and Middle East’s first operational sustainable community – readies itself for the 10th edition of the World Future Energy Summit 2017 (WFES) for the second consecutive year. The summit will be held in at the ADNEC in Abu Dhabi from January, 16-19. The ...

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• 9 January

  Winter festivities conclude on a positive note

  

    Sharjah / Emirates Business The first ever three-week long Winter Festival at Al Majaz Waterfront in Sharjah recently drew curtains after providing thirty thousand visitors from all nationalities and age groups across the seven emirates with the unending frolic of a dreamy winter wonderland. Guests were left in awe of a snowy festive landscape, which stretched across the Waterfront’s ...

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• 9 January

  As sun sets on oil sands, Grafton eyes renewables

  

    Bloomberg Grafton Asset Management Inc., a firm that has brought foreign investment into Canada’s oil sands, is looking to add alternative energy to its portfolio for the first time as it positions itself for the decline of fossil fuels. “I’m worried about the future of the industry in general,” Geeta Sankappanavar, president and chief operating officer of the Calgary-based ...

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• 9 January

  Asia prime destination for US shale cargoes

  

    Bloomberg Asia’s finally becoming a prime destination for US shale gas cargoes. At least 10 of the 12 tankers bearing liquefied natural gas that left Cheniere Energy Inc.’s Sabine Pass terminal in Louisiana in December are headed for Asian countries, shipping data compiled by Bloomberg show. The December tally surpasses November’s record of 10 departures. Sabine Pass is the ...

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• 9 January

  Iraq’s southern oil exports hit record before OPEC cuts

    Bloomberg Iraq’s oil exports from its southern ports in the Gulf reached a record high in December, just before the country was due to join other major producers in cutting output to help curb a global oversupply.Shipments from southern ports in Basra Province averaged 3.51 million barrels a day in December, Oil Minister Jabbar Al-Luaibi said in an e-mailed ...

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• 9 January

  Oil falls as OPEC output curbs offset by growth in US drilling

  

    Bloomberg Oil fell for the first time in four days as an increase in US drilling activity fanned speculation that OPEC production cuts could revive output in North America. Futures slid as much as 2.1 percent in New York after rising 3.2 percent the previous three sessions. Gulf oil producers Saudi Arabia, the United Arab Emirates, Qatar, Oman and ...

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• 9 January

  Aging New York N-plant to close by 2021

    ALBANY / AP The aging Indian Point nuclear power plant just north of New York City will close within about four years under a deal with Gov. Andrew Cuomo, who has long argued it should be shuttered to protect the millions of people living nearby. Under the arrangement, plant owner Entergy Corp. will shut both reactors at the Westchester ...

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• 9 January

  Oil producers complying with oil cuts: Kuwait

    Bloomberg Oil producers from Saudi Arabia to the United Arab Emirates are complying with production cuts promised last year to stabilize the market, Kuwait’s governor to the Organization of Petroleum Exporting Countries said. Qatar, Kuwait and Oman are also complying, having announced cuts to customers, Nawal Al-Fezaia, Kuwait’s OPEC governor, said in an interview on Monday in Kuwait City ...

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• 9 January

  India flies blind into budget as GDP remains a guessing game

  

    Bloomberg Prime Minister Narendra Modi’s administration will probably have to prepare India’s $300 billion budget in the dark. With less than a month to go before the annual presentation, his Statistics Office has refused to estimate the impact of Modi’s unprecedented cash clampdown on gross domestic product. All it said on Friday was that growth will slow to a ...

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