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DUBAI / Emirates Business Meraas and Dubai SME, the agency of the Department of the Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, have signed a partnership to launch ‘Al Seef SME District,’ an innovation hub within Al Seef, the bustling waterfront promenade with a distinct legacy and contemporary spirit. Paying tribute to ...

Abu Dhabi / Emirates Business The Abu Dhabi Department of Energy (DoE), the entity responsible for supporting Abu Dhabi’s leadership and sustainability in the energy sector, on Sunday signed a partnership agreement with the Abu Dhabi Future Energy Company (Masdar), the host of Abu Dhabi Sustainability Week (ADSW) 2019, to support key ADSW events, including acting as Principal Partner to ...

DUBAI / Emirates Business Emirates, the world’s largest international airline and a main sponsor of Spanish football club, Real Madrid, on Sunday unveiled a new decal featuring action images of some of the club’s top players on one of its A380 aircraft. The new decal was created to mark the occasion of Real Madrid’s charter flight on an Emirates A380 ...

Dubai / Emirates Business Dubai Tourism alongside its public and private sector partners welcomed cruise ship Horizon into Dubai, marking the debut of Pullmantur Cruise Lines in the region. To commemorate the occasion, a traditional ‘Plaques and Keys Exchange’ ceremony was hosted on board in the presence of the President and CEO of Pullmantur Cruises and the ship’s captain, as ...

Bloomberg Mexican President Andres Manuel Lopez Obrador is boosting Petroleos Mexicanos’ budget to 464.6 billion pesos ($23 billion) next year to reverse flagging oil production and increase domestic fuel output. The proposal sent to the lower house of congress would increase Pemex’s total budget, including capital investments, by 14 percent in 2019 compared with 407 billion pesos this year, according ...

Bloomberg Dominion Energy Inc.’s $7.9 billion takeover of a troubled South Carolina utility was approved by state regulators, clearing way for a deal that nearly collapsed over costs from a failed nuclear project. The unanimous vote comes nearly a year after Dominion proposed buying Scana Corp, which spent about $4.9 billion to expand the V.C. Summer nuclear plant then walked ...

Bloomberg Occidental Petroleum Corp will look for ways to cut costs other than dropping rigs, in response to the recent slump in oil prices, according to Chief Executive Officer Vicki Hollub. “We’re going to keep our rigs running and we’re going to figure out how to reduce costs in some other way that’s not impacting people who are depending on ...

Bloomberg Premier Oil Plc is considering a bid for a package of North Sea oil and gas assets put on the block by US oil major Chevron Corp that’s worth about $2 billion, according to people familiar with the matter. The first round of bids is due before the end of the month, the people said, asking not to be ...

Bloomberg Xinyi Energy Holdings Ltd, an owner and operator of solar farms in China, is postponing a Hong Kong initial public offering of as much as $582 million, according to people with knowledge of the matter. The unit of Xinyi Solar Holdings Ltd has no timetable for relaunching the deal, said one of the people, who asked not to be ...

Bloomberg China took more steps to defuse trade tensions with the US, confirming it will remove the retaliatory duty on automobiles imported from America and preparing to restart purchases of American corn. The 25 percent tariff imposed on vehicles as a tit-for-tat measure will be scrapped starting from January 1, the finance ministry said. China also may buy at least ...