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Bloomberg Air France is set to approve the purchase of 50 to 70 new Airbus jets, French newspaper Journal du Dimanche (JDD) reports, in a boon for the European aviation giant. Chief Executive Officer Ben Smith, who took the reins of Paris-based Air France-KLM last year, will outline his plans for updating the airline’s fleet when the company announces its ...

Bloomberg Nestle SA shares gained to a record after a new line of Starbucks coffee products helped spur the food company’s fastest quarterly revenue growth in more than three years. Since February, the Swiss company has been selling Starbucks-branded capsules for Nespresso and Dolce Gusto machines, along with roast and ground. That’s boosting growth as the company forecast it may ...

DUBAI / WAM Dubai International Financial Centre (DIFC) has reinforced its contribution to the UAE’s economy and its commitment to driving the future of finance, following strong performance during the first half of 2019. The centre saw sustained growth in the first half of 2019, welcoming more than 250 new companies, and bringing the total number of active registered firms ...

SHARJAH / WAM Dana Gas, a regional private sector natural gas company, announced that its share of the proved plus probable (2P) hydrocarbon reserves at Pearl Petroleum Company’s Khor Mor and Chemchemal Fields in the Kurdistan Region of Iraq have increased by 10 percent, following the recent certification of reserves by Gaffney Cline Associates (GCA). The independently audited report, prepared ...

SINGAPORE / WAM A high-level delegation headed by Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (Dewa) visited Singapore to promote joint relations and exchange of best global experie- nces and practices in renewable and clean energy and sustainability. During the visit, Al Tayer met with Masagos Zulkifli, Singapore’s Minister of Environment and Water ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, has issued a decision to establish the Abu Dhabi School of Government’s Board of Trustees, which is to be chaired by Sara Awad Issa Musallam. The decision ...

ABU DHABI / WAM National Petroleum Construction Company (NPCC), in conjunction with its joint venture (JV) partner Petrofac, has secured a new contract with Al Yasat Petroleum, an Adnoc Group company, and JV with CNPC. According to a statement, NPCC and Petrofac will provide front end engineering design (Feed) services for the Belbazem Block Development Project, located offshore Abu Dhabi. ...

DUBAI / WAM Drydocks World, the service provider to the marine, offshore, oil, gas and renewable energy sectors, has signed a contract with Petrofac and end-client TenneT to carry-out the construction of a High Voltage Alternating Current (HVAC) Transformer Station Topside, named Hollandse Kust Zuid Alpha. The HVAC platform will be part of a renewable energy wind farm, located in ...

ABU DHABI / WAM The United Arab Emirates continues to send aid convoys carrying all essential items, including medical supplies, to the Yemeni governorate of Dhale through the Emirates Red Crescent (ERC). An ERC volunteer team oversaw the distribution of the relief convoys in the presence of Major General Ali Muqbel, Governor of Dhale, who appreciated the UAE’s continuous support ...

ABU DHABI / WAM Abu Dhabi Commercial Bank (ADCB) on Sunday reported its half-year financial results for 2019, with a net profit of AED2.782 billion. According to a statement, the financial results are based on six-month pro-forma financial statements for the combined entity, following the merger between ADCB and Union National Bank (UNB) and the subsequent acquisition of Al Hilal ...