Masonry Layout

Bloomberg The cluster of oil tankers off China’s coast is growing and the vessels are waiting longer to offload their cargoes amid a lack of onshore storage space after a buying spree earlier this year. The number of oil-laden tankers parked in Chinese waters has swelled since the start of the month with almost 200 ships expected over the course ...

Bloomberg China confirmed that a proposed national security law would allow Beijing to override Hong Kong’s independent legal system, shedding new light on a move that has stoked tensions with the US and threatens the city’s status as a top financial centre. The proposal said the central government will have jurisdiction over an “extremely small” number of national security cases ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has reinforced the UAE’s commitment, under the wise leadership of the UAE President, HH Sheikh Khalifa bin Zayed Al Nahyan, in further developing downstream capabilities and supporting long-term economic growth in Ruwais. His Highness ...

ABU DHABI / WAM Dr Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, said: “The UAE, five months after the detection of the first Covid-19 case, has become an inspirational model to be followed for proactive measures and effective crisis management.” The minister’s remarks came at the UAE government’s regular media briefing where he, along ...

DUBAI / WAM Union Coop has revealed that the completion rate of its commercial centre project in the Al-Bada’a area, Dubai, which costs nearly 40 million, has reached about 20 percent. The project comes from Union Coop’s endeavour to achieve one of its most important strategic goals, which is the strategic expansion and increasing its outreach to serve members of ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) announced on Thursday that a selected number of museums and cultural sites in the emirate are ready to welcoming visitors starting June 24. Strict health and safety guidelines and precautionary measures were implemented in the selected sites to support community recovery after the long ...

DUBAI / WAM Mercuria Energy Group, the Swiss international commodity trading company, has renewed the lease on their Middle East headquarters at DMCC for another five years. DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has been home to Mercuria Energy Group for over 11 years, and acts as the ...

Bloomberg Chevron Corp will start a sales process for its interest in the North West Shelf project in Australia, one of the nation’s first liquefied natural gas export ventures, after receiving a number of approaches from potential buyers. The US energy major has been looking to make cutbacks as the industry grapples with a once-in-a-generation collapse in demand because of ...

Bloomberg China boosted its budget for renewable power subsidies to 92.36 billion yuan ($13 billion), 7.5% more than it spent last year. Solar power is the big winner, with incentives set to rise 14% compared to last year’s level, while wind payments will be 3.2% lower, the Ministry of Finance said on its website. The subsidy budget would cover existing ...

Bloomberg Former National Security Advisor John Bolton writes in a new book that President Donald Trump asked Chinese leader Xi Jinping to help him win re-election by buying more US farm products, according to an excerpt published by the Wall Street Journal. The disclosure is part of a devastating portrayal of Trump’s conduct of foreign policy by Bolton, the most ...