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AJMAN / WAM Smart Cube, the technical partner and creator of the Ajman Pay system, signed an agreement with the Ajman Contact Centre to provide Ajman Pay customers with technical support, attend to their queries, gather customer suggestions and resolve technical issues customers may face while paying for their services through Ajman Pay. Under this agreement, the Ajman Contact Centre ...

DUBAI / WAM The Jebel Ali Customs Centres Management completed around 3.147 million customs transactions and made 163 seizures in 2019. The strategic customs management, which performs all customs operations at the Jebel Ali Port, the largest marine terminal in the Middle East and the flagship facility of DP World’s portfolio of over 65 marine terminals across six continents, showcased ...

Adu Dhabi / WAM The Abu Dhabi General Services Company ‘Musanada’ has revealed that work is progressing on schedule on 15 projects that will expand Abu Dhabi Police’s network and renovate some of its existing buildings. The company announced in a statement that the AED808 million projects include the construction of three civil defence centres, three police stations, and the ...

ABU DHABI / WAM The Federal National Council (FNC) approved two draft federal laws on amending certain provisions of Federal Law No.18 for 1981 that regulates commercial agencies and the country’s strategic food reserves. The draft laws were approved during the fifth session of the first ordinary session of the FNC’s 17th legislative chapter, chaired by Saqr Ghobash, Speaker of ...

Bloomberg Vestas Wind Systems A/S lost market share last year in the wind turbine industry it has dominated for more than a decade. While the Danish manufacturer remains the biggest producer of the machines that generate electricity from the wind, General Electric Co of the US and Siemens Gamesa Renewable Energy SA of Spain gained share in the market for ...

Bloomberg Federal regulators are set to make a decision on New York’s power market that could disrupt the state’s plans to reach its climate goals. The US Federal Energy Regulatory Commission (FERC) has scheduled a meeting for Thursday to rule on a case filed by some generators who said the state’s policies were unfair because only clean-power producers received subsidies. ...

Bloomberg A plunge in prices is shaking some of the more marginal players out of the liquefied natural gas (LNG) market, chilling what until recently was the hottest part of the energy industry. Major utilities from Orsted in Denmark to Iberdrola in Spain are exiting the business. Naturgy Energy has made no secret it isn’t comfortable with the volatility of ...

Bloomberg HSBC Holdings Plc Chairman Mark Tucker promised a strategy reboot. Investors got what some called more of the same — pledges to cut costs and do more with less. The shares plunged by the most since 2017 after buybacks were shelved for two years and the executives themselves said more bad news was still to come — once they ...

Bloomberg Plunging oil prices stemming from the coronavirus outbreak led the International Monetary Fund (IMF) to cut its estimate for Nigerian economic growth, highlighting the difficulties Africa’s top crude producer faces reviving and diversifying its economy. The forecast was lowered to 2% from 2.5%, the lender said after concluding an Article IV consultation. Nigeria needs a major policy overhaul to ...

Bloomberg Unione di Banche Italiane (UBA) SpA, Italy’s fifth-largest bank, plans to pay out 40% of net income to shareholders on average over the course of its three-year strategic plan and may make an extra payment if capital is strong enough. UBI expects to eliminate about 2,030 positions and close 175 branches through 2022, the Bergamo, Italy-based bank said. That’s ...