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Bloomberg Exxon Mobil Corp’s knockout second-quarter results did little to entice investors because much of the extra cash coming from soaring energy and petrochemical prices will be used to pay down debt rather than reward shareholders. The oil giant and rival Chevron Corp swung to their biggest profits since pre-pandemic days, fuelled in large part by stellar performances from their ...

Bloomberg The final session for Malaysia’s special parliament sitting on Monday has been postponed indefinitely because of an outbreak of Covid cases, likely easing pressure on embattled Prime Minister Muhyiddin Yassin amid mounting calls for him to resign. The deferment follows an assessment by the health ministry, which found the parliament building to be at risk of a spread in ...

ABU DHABI / WAM The development and relief aid provided by the UAE to Socotra Governorate since 2015 enabled the Archipelago to overcome its many challenges and dire humanitarian conditions and helped local authorities to improve life and livelihood of the Soqotri people. The aid provided to the island from 2015 to 2021 amounted to $110 million, according to official ...

ABU DHABI / WAM The Executive Office of the Abu Dhabi Chamber’s Board of Directors has held its first meeting, which was chaired by Abdullah Mohammed Al Mazrouie, at the Chamber’s headquarters. Dr Ali Bin Harmal Al Dhaheri, First Vice Chairman, Yousuf Ali Abdul Kader, Second Vice Chairman, Masoud Rhama Al Mheirbi, Treasurer, Saeed Ghumran Al Remeithi, Deputy Treasurer and ...

DUBAI / Emirates Business The Dubai Airport Freezone Authority (DAFZA) has announced the results of its operational performance for the first half of 2021. The free zone achieved growth in new sales revenues with an increase of 8.3%, which resulted from the rise of 24% in the leased areas compared to the same period last year. These record results are ...

DUBAI / WAM Mohammed Ibrahim Al Zarooni, Deputy Director of the Information and Digital Government Sector at the Telecommunications and Digital Government Regulatory Authority (TDRA), affirmed that the UAE is among the world’s fastest countries in deploying 5G networks, which facilitated the implementation of the latest projects across health, transport, education and logistics. In a statement to the Emirates News ...

DUBAI / WAM Within their continuous efforts to support trade activity in Dubai to help businesses overcome the challenges and boost their revenues, Dubai Customs, in cooperation with the Federal Tax Authority (FTA), launched the Trader Export Report service. The new service will help clearance and shipping agents achieve Zero Rating of supply of goods exported within 90 days of ...

AL AIN / WAM The United Arab Emirates University (UAEU) continues its efforts to build the economy of the future, based on knowledge, innovation, and technology, and promote the research and development, by adopting many initiatives that achieve the UAE future vision. Research cooperation with Dutch research centers and universities resulted in the producing of 129 research papers during the ...

Bloomberg Devon Energy Corp and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, which could be worth as much as $10 billion in a sale, people familiar with the matter said. Chevron Corp is also among companies considering bids for the assets, which are largely located in West Texas, the people said. ...

Bloomberg The Biden administration’s first evacuation flight for Afghans who aided American and other coalition forces has arrived in the US, as the administration steps up efforts to relocate interpreters, other military assistants and their families ahead of a final troop withdrawal. The plane, carrying more than 200 people, landed at Fort Lee in Virginia, where passengers were to undergo ...