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Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday, an investment of up to $318 million (AED1.16 billion) to connect newly drilled smart wells to the main production facilities at Bu Hasa, which will sustain production capacity of 650,000 barrels per day (bpd) at Adnoc’s largest onshore asset. The engineering, procurement and construction (EPC) contract ...

Abu Dhabi / WAM Sheikh Zayed Book Award (SZBA) revealed its cultural programme for the 30th edition of the Abu Dhabi International Book Fair (ADIBF), which will be held between May 23 and 29. In advance of its participation at ADIBF, SZBA has revealed its cultural programme during the week of the fair, which will comprise panel discussions involving winners ...

SHARJAH / WAM Sharjah Economic Development Department (SEDD) implemented the directives of Sharjah Executive Council regarding the regulation of conducting economic activities through mobile vehicles and trucks in the emirate of Sharjah. Such thing falls within SEDD’s concerns to regulate and organise the economic sector in Sharjah at all levels through setting policies, standards, regulations, decisions and executive circulars in ...

Bloomberg President Joe Biden told Prime Minister Benjamin Netanyahu he’d support a cease-fire between Israel and Hamas after days of calling for calm but not publicly seeking an end to the conflict, a shift in the US approach to the crisis following days of rising criticism. “The president expressed his support for a cease-fire and discussed US engagement with Egypt ...

Bloomberg The UK labour market strengthened more than expected in April as the economy began to emerge from coronavirus restrictions. The number of people on payrolls rise 97,000, and vacancies increased 13%, the Office for National Statistics said on Tuesday. The jobless rate in first quarter falls unexpectedly to 4.8% as employment surged 84,000, the first gain since the pandemic ...

Bloomberg President Joe Biden began to make good on his promise that the US would be an “arsenal” of coronavirus vaccines for the world, announcing he’d share FDA-authorised shots after criticism that his administration had hoarded hundreds of millions of doses. But he also signaled that he intends for US manufacturers to hold or grow their share of the global ...

Bloomberg While Apple Inc.’s attentions turned to a California court clash with Epic Games Inc, Europe’s top antitrust enforcer issued a reminder that the tech giant’s legal battles across the Atlantic are also heating up. EU Competition Commissioner Margrethe Vestager warned that a probe into the company’s Apple Pay product is moving ahead on top of an investigation into how ...

Bloomberg Brazil, the world’s biggest exporter of coffee, sugar and orange juice, just had a rainy season that brought hardly any rain. Soils are parched and river levels are low in the nation’s Center-South region, a powerhouse of agricultural output. The drought is so severe that farmers are worried they’ll run out of the water reserves that help keep crops ...

Bloomberg Euro-area businesses shed jobs at the start of the year after strict lockdowns pushed the economy into a double-dip recession. Employment in the 19-nation region falls by 0.3% in the first quarter after two consecutive gains. The economy shrinks 0.6% in the same period, matching an initial estimate. Since then, the outlook for the euro zone has improved. Coronavirus ...

ABU DHABI / WAM Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation, took part in the extraordinary meeting of the Organisation of the Islamic Cooperation Executive Committee at the level of Foreign Ministers, which was held upon the request of the Kingdom of Saudi Arabia to discuss the recent violence in occupied East Jerusalem and the Holy ...