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ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S) and Inpex Corporation (Inpex) have signed a framework agreement for an LNG bunkering partnership in the UAE. Under the agreement, Adnoc L&S, a wholly-owned subsidiary of the Adnoc Group, and Inpex will explore opportunities for LNG bunkering in the UAE as well as the potential to jointly expand LNG bunkering ...

Dubai / Emirates Business HE Butti Saeed Al Ghandi, Second Vice-Chairman of the Dubai World Trade Centre, on Wednesday attended the opening of the 3rd edition of The Global Franchise Market Exhibition, the official franchise event in Dubai, at the Dubai International Convention and Exhibition Centre. The two-day event aims to offer new, established franchise brands a unique platform to ...

Abu Dhabi / WAM Etisalat and China Mobile International (CMI), have come together to establish a point of presence at Etisalat’s ‘SmartHub Data Centre’ in the UAE. As part of the Etisalat SmartHub, CMI will support its Global infrastructure, interconnections, capacity and expand its reach into the Middle East and Africa (MEA) region. The data centre co-location partnership agreement will enable ...

Sharjah / WAM The key roles of women and youth in realising the sustainable economic development in the UAE, the Arab region, and beyond, and the importance of boosting their participation in all market sectors will be brought under the spotlight next week by a group of business leaders and economic experts, at the Sharjah FDI Forum 2018. These discussions ...

Bloomberg Eskom Holdings SOC Ltd, the cash-strapped South African power utility, wants the government to take on about 100 billion rand ($7.2 billion) of its debt as part of a rescue plan that will enable it to continue operating. The company’s executives outlined the proposal to move the debt onto the government’s balance sheet to bond investors in London this ...

Bloomberg China set three-year targets for allowing more wind and solar power onto the power grid after the rapid addition of panels and windmills forced some electricity distributors to partly block that energy from flowing into their systems. The curtailment rate for wind power should be held to less than 10 percent next year and to about 5 percent by ...

Bloomberg Chancellor Angela Merkel’s government is bowing to industry pressure to boost Germany’s offshore wind capacity, already among the biggest in Europe. The government will assess how to boost offshore capacity to 20 gigawatts by 2030 from a planned 15 gigawatts, according to details in an energy law passed by the parliament. The administration in Berlin has steadfastly blocked pressure ...

Bloomberg Christophe Weber, the chief executive officer of Takeda Pharmaceutical Co., has faced a string of challenges in his $62 billion pursuit of UK drugmaker Shire Plc. The Japanese company’s shares have tumbled, dissident shareholders complained and Shire repeatedly rebuffed his bids before agreeing to a deal. Now the Frenchman has scored a big victory with Takeda saying the deal ...

Bloomberg Chinese officials have begun preparing to restart imports of US soybeans and liquefied natural gas, the first sign confirming the claims of President Donald Trump and the White House that China had agreed to start buying some US products “immediately”. Chinese officials have been told to take necessary steps for the purchases, according to two officials with knowledge of ...

Bloomberg The next year and a half will be key for Tata Motors Ltd. as scrutiny of its debt metrics builds amid expectations the performance of its subsidiary Jaguar Land Rover Automotive Plc will underwhelm. S&P Global Ratings cut Tata Motors’s long-term rating deeper into junk, the second downgrade for the Indian automaker in five months, citing headwinds for Jaguar ...