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DUBAi / WAM Dubai Investments on Tuesday reported a 102% surge in the third quarter net profit to AED213 million, compared to AED105 million in corresponding period last year. The net profit for nine-month period ending on September 30 was AED418 million. The total revenue during nine-month period was AED1.90 billion while the total assets increased to AED21.5 billion as ...

Bloomberg The Dutch natural gas market is reinforcing its position as one of the most important trading hubs in the world. Trade on the Dutch Title Transfer Facility (TTF), as the market is known, is surging as Europe increased imports from Russia, Norway and further afield via liquefied natural gas tankers. Natural gas futures open interest, a tally of outstanding ...

Bloomberg Election Day 2020 was underway and for American voters the choices couldn’t be more stark. Donald Trump was a novelty four years ago, a reality television star and real estate developer with a penchant for bombast and Twitter insults. The 74-year-old president has erased any notion that the Oval Office would tame him, thrilling Republicans by cutting regulations and ...

DUBAI / WAM The Global Renewables Outlook: Energy Transformation 2050 report issued by the International Renewable Energy Agency (Irena), in April this year indicated that the transition to renewables, efficiency and electrification could drive overall socio-economic development, supported by comprehensive policies to cut carbon emissions. The use of hydrogen and synthetic fuels, direct electrification, advanced biofuels and carbon management will ...

Abu Dhabi / WAM National Petroleum Construction Company (NPCC) the nation’s leading energy sector Engineering, Procurement and Construction (EPC) major with a fast-growing global footprint of operations, has been ranked as the Top EPC Contractor in the Middle East by the leading industry magazine Oil & Gas Middle East. NPCC recorded this outstanding recognition, ahead of global EPC majors, underlining ...

Dubai / WAM Leading development experts, technology visionaries and government officials from some of the world’s most populous and resilient cities are set to gather virtually for Expo 2020 Dubai’s Urban and Rural Development Week to discuss the future of smart cities and sustainable habitats. Hosted by Expo 2020 and delivered in collaboration with the United Nations Human Settlements Programme ...

Bloomberg Exxon Mobil Corp warned it may take up to $30 billion in writedowns on natural gas fields acquired more than a decade ago, and reported a third straight quarterly loss. Exxon is confronting one of its biggest crises. If the company takes the full $30 billion impairment, it will be the industry’s worst in more than a decade, according ...

Bloomberg As troops in the Himalayas hunker down for the brutal winter, the outcome of the worst clashes in decades is becoming clear: China has pushed further into territory once patrolled exclusively by India. A summer of fighting saw India lose control over about 300 square kilometres (115 square miles) of land along the disputed mountainous terrain, according to Indian ...

Dubai / WAM Chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the UAE cabinet approved the federal budget of AED 58 billion for the fiscal year 2021. His Highness Sheikh Mohammed bin Rashid asserted that the UAE will continue to implement major projects and focus on ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) announced complete digitisation of account opening process for Small and mid-size enterprises, SMEs, through the BASHER portal, becoming the first bank in the Middle East to achieve this milestone. The Government of the UAE represented by the Department of Proactive Services – Ministry of Possibilities, MoP, launched BASHER to simplify the ...