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Abu Dhabi / WAM The oil and gas industry must secure more than US$10 trillion worth of investment over the next 22 years if it is to meet the forecast growth in demand for energy and industrial petroleum-based products. According to figures from the OPEC World Oil Outlook 2040, the total oil and gas value chain will need around $10.5 ...

Abu Dhabi / WAM The size of Japanese investments in Abu Dhabi reached approximately AED6.1 billion by end of 2017, while the number of trade licenses issued to Japanese investors in Abu Dhabi reached 32. Similarly, the value of non-oil trade between Japan and Abu Dhabi stood at AED9.803 billion between January and October 2018, compared to AED8.320 billion in ...

Dubai / Emirates Business Arab Health, the largest exhibition for healthcare and trade professionals in the Mena region, has announced that more than $778 million worth of business was generated by exhibitors during the 2018 edition of the show. This figure is in line with Alpen Capital’s projections that GCC healthcare spend will reach $104.6 billion in 2022 from an ...

Bloomberg Asian nations gave up hopes of completing a 16-nation trade bloc this year, with Chinese and Australian officials now looking to finalise the deal in 2019. Singapore, which is chairing the 10-member Association of Southeast Asian Nations this year, had pushed for a substantial conclusion to the agreement this year. Known as the Regional Comprehensive Economic Partnership, or RCEP, ...

Bloomberg India’s first inland voyage by a container ship since it gained independence from Britain 70 years ago ended when the vessel docked in the holy city of Varanasi today, a development officials hope will help shift cargo from the country’s congested road and rail networks. The 1,390 kilometres Ganga watercourse is one of the 111 waterways spanning 20,276 kilometres ...

Bloomberg California utilities are facing the very real possibility that billion-dollar blazes could become an annual occurrence, and they don’t know how to pay for them. Shares of the state’s two largest utilities plummeted after both PG&E Corp. and Edison International released reports suggesting their equipment may have started the deadly fires now burning at both ends of the state. ...

Bloomberg Vodafone Group Plc shares jumped 7.1 percent after the mobile phone company’s new chief executive unveiled stro-nger than expected results in a fiercely competitive market and kept the dividend stable while he tries to rein in debt. Investors were already bracing for CEO Nick Read to end Vodafone’s policy of constant dividend growth after the $22 billion takeover over ...

Bloomberg In a world where iPhone demand is on the wane, Apple Inc. has a Plan B. As customers wait longer between upgrades and the smartphone market saturates, Apple can fall back on charging higher prices for each handset and raking in more money from services such as streaming music, digital videos and data storage. But there’s no back-up for ...

Bloomberg Thirteen undeclared North Korean missile operating bases were identified in a new report, undermining the Trump administration’s claims that its outreach to Pyongyang is making progress in getting Kim Jong-un’s regime to give up its nuclear weapons programme. The 13 sites are among an estimated 20 bases, small and dispersed across the country, that are believed to have underground ...

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, and President Barham Ahmed Salih of Iraq discussed bilateral relations between the UAE and Iraq and means of developing them across various sectors. During the meeting, held at the Presidential Palace in Abu Dhabi, ...