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ABU DHABI / WAM At Etisalat’s Annual General Meeting (AGM) shareholders have backed the board’s recommendation to pay full-year 2018 dividends of 80 fils per share and approved the proposal of lifting restrictions on the voting rights of foreign shareholders. Etisalat Group consolidated revenues reached AED52.4 billion while consolidated net profit after Federal Royalty reached AED8.6 billion, an increase of ...

Dubai / WAM With less than six months to go until the start of the 24th World Energy Congress, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, outlined a Congress that will bring together the entire global energy ecosystem – government and industry leaders from Asia and Africa, investors, innovators, students and young professionals among many ...

Bloomberg Oil’s rally stuttered as uncertainty over the status of trade negotiations between the US and China stoked concerns over global economic growth. Futures for May fell as much as 1.2 percent in New York. China was said to be pushing back against American demands, raising speculation that trade tensions between the world’s biggest economies will persist. Still, the price ...

Bloomberg Petrobras is expected to receive more than $18 billion from a mixture of government and private sources as payment for oil reserves, people familiar with the matter said, potentially resolving a dispute that has dragged on since 2013. Brazil’s government anticipates that companies seeking to join in deep-water oil projects would need to pay Petrobras more than $9 billion, ...

Bloomberg Viacom Inc. is warning pay-TV customers of AT&T Inc. that they could lose access to channels such as Nickelodeon and MTV unless the companies reach a new programming agreement. The current contract between the parties expires on Friday, Viacom said in an email. The media company began activating a “crawl” message on its networks, alerting customers of the looming ...

Bloomberg Norsk Hydro ASA said it made progress in securing its computer systems after the Norwegian aluminum maker was hit by a ransomware cyber attack. The company plans to restart overnight some systems in divisions that make finished metal, which should help it continue deliveries to customers. It has detected the “root cause” of the attack, but doesn’t know how ...

Bloomberg Hungarian Prime Minister Viktor Orban’s role as a trailblazer for resurgent nationalist forces in the European Union faces a reckoning as the bloc’s largest political family weighs whether to expel or suspend his illiberal party two months before crucial EU elections. The verdict by the European People’s Party (EPP) due on Wednesday afternoon was expected to signal whether the ...

Abu Dhabi / WAM Under the patronage and presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the second edition of the Global Space Congress commenced in Abu Dhabi on Tuesday. The event, organised by the UAE Space Agency, is the largest gathering of global space industry leaders ...

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, on Tuesday held a telephone call with Jacinda Ardern, Prime Minister of New Zealand, expressing his sincere condolences to the New Zealand government, its people, and the families of victims of the terrorist attack ...

Dubai / WAM To enhance the cooperation strategy with different government organisations in the region, the Mohammed bin Rashid Space Centre (MBRSC), signed a cooperation, information and data-sharing agreement with Bahrain’s National Space Science Agency (NSSA), for the application of satellite images and space research sciences. The MoU was signed between Hamad Obaid AlMansoori, Chairman of MBRSC, and Kamal bin ...