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ABU DHABI / WAM The global oil and gas will be a critical enabler of economic growth in the 4th Industrial Age, according to Dr Sultan bin Ahmad Al Jaber, Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc). Delivering the opening keynote address, on Monday at the Abu Dhabi International Petroleum Exhibition and Conference ...

Dubai / WAM Finland officially announced the country’s participation at Expo 2020 during a press conference held on Monday. Finland’s participation at Expo 2020 Dubai was confirmed by the Commissioner General of Finland for Dubai Expo Severi Keinala and the Executive Director of Dubai Expo 2020 Bureau Najeeb Mohammed Al-Ali. They were joined at a press conference by the Finnish ...

ABU DHABI / WAM Microsoft on Monday demonstrated the power of digital transformation to the region’s oil and gas industry, as the company participated in the Adipec 2018. Microsoft experts demonstrated Azure IoT Edge capabilities in action allowing energy companies to extend cloud intelligence and analytics, and bring these innovations to edge devices in the field. The platform allows the ...

Bloomberg For US President Donald Trump, attending a French-run ceremony to commemorate World War I, a bloodletting that highlighted the value of allies and dangers of nationalism, was never going to be easy. By the time he flew home on Sunday he appeared isolated and, by some, scorned. Trump arrived fresh off midterm elections where his party lost control of ...

Bloomberg SoftBank Group Corp. founder Masayoshi Son is seeking to raise 2.4 trillion yen ($21.1 billion) in an initial public offering of his Japanese telecom business that could be the country’s largest IPO yet. The Japanese technology giant said in a prospectus it will sell 1.6 billion shares at 1,500 yen apiece in a new entity, SoftBank Corp., that will ...

Bloomberg Netflix Inc. said it will test a lower-priced version of its film and television streaming service in some markets to boost sales. The company hasn’t committed to lowering prices anywhere, but does want to experiment, Chief Executive Officer Reed Hastings said. He didn’t say when or where the test would be conducted. A lower-priced offering would be a departure ...

Bloomberg SAP SE is making its largest acquisition yet as it battles startups including Salesforce.com Inc in selling software to clients that want to better understand their customers. The $8 billion purchase of Qualtrics International Inc., whose software gathers and analyses data, is meant to strengthen SAP’s offering in the customer relations management sector. That’s a field Europe’s biggest software ...

Bloomberg General Electric Co. plunged towards its recession-era low and the company’s bonds fell sharply after an influential analyst slashed his price target. JPMorgan Chase & Co. analyst Steve Tusa cut his view on the shares 40 percent to $6, the lowest on Wall Street, citing rising liabilities, a weakening cash-flow outlook and poor third-quarter results on “almost all fronts.” ...

Bloomberg The most destructive series of wildfires in California history co-uld cost the state, insurers and homeowners at least $19 billion in damages, as firefighters struggled to gain control in swirling wi-nds across vast swaths of state. The carnage caused by fires north of San Francisco and near Los Angeles could be on par with the type of destruction triggered ...

ABU DHABI / WAM Twenty-six of the world’s leading oil and gas sector leaders gathered in Abu Dhabi, on Sunday, for a high-level industry forum focused on the evolving dynamics of the energy landscape and the opportunities for hydrocarbon produced energy to support global growth, today, and in the future. HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the ...