Al Hilal Bank’s HR division receives ISO certification

Abu Dhabi / Emirates Business Al Hilal Bank’s Human Resources Division was awarded ISO 9001:2015 certification, for quality management system (QMS). The ISO award was granted by SGS, based in Switze- -rland, which is world’s leading inspection, verification, testing and certification company. The QMS certification is the world’s most established quality recognition, used by more than one million organizations in ...

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Ministry to survey, map agriculture areas with drones

Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE), is introducing a new project to survey and map agricultural areas using unmanned aerial vehicles or drones. MoCCAE invited several professional drone companies in the UAE to carry out the pilot phase of the project. Commencing in the second week of June, this phase will include surveying and mapping ...

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Emirates to launch daily A380 services to Osaka

Dubai / Emirates Business Emirates, the world’s largest international airline, will introduce regular scheduled commercial Airbus A380 services to Osaka (KIX) in Japan on October 28. The deployment of the double-decker aircraft represents a capacity increase of 38%, and means that travellers will enjoy the comfort of an A380 to and from two Japanese gateways, as the flagship aircraft already ...

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Total unconvinced by hydrogen cars as France unveils subsidies

Bloomberg France’s biggest energy company expressed skepticism about the economics of hydrogen-powered vehicles as the government unveiled subsidies to promote the gas as way of cutting fossil-fuel consumption and fighting climate change. “We find it difficult to be convinced it has a future in 10 years time,” Total SA Chief Executive Officer Patrick Pouyanne said in an interview with local ...

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OPEC, allies say more investment needed to ensure oil supply

Bloomberg OPEC and its allies in the global oil output cuts stressed the need to maintain their cooperation to stimulate adequate investments to ensure stable oil supply. Energy ministers from Saudi Arabia, the United Arab Emirates, Kuwait, Algeria and Oman held an unofficial consultative meeting in Kuwait City, the Kuwait News Agency reported, citing a statement from the joint ministerial ...

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Social media furor hits Thailand’s oil giant

Bloomberg Thailand has joined the global wave of anxiety over climbing energy costs. A social media furor over pump prices erupted in the past week, prompting state-run oil refiner PTT Pcl to defend itself in a Facebook post by Chief Executive Officer Tevin Vongvanich. The country’s military government rolled out fuel subsides for diesel and cooking gas. The developments signal ...

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US set to announce biofuel policy changes

Bloomberg The Trump administration is slated to unveil biofuel policy changes, including efforts to tamp down costs for refiners while broadening the market for ethanol, according to people familiar with the action. The announcement follows weeks of negotiations by the Agriculture Department, Environmental Protection Agency and Energy Department to flesh out a tentative deal struck at the White House last ...

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Toshiba ex-chip unit targets acquisitions enroute an IPO

Bloomberg Toshiba Corp.’s former memory chip business, acquired this month by a group led by Bain Capital, intends to pursue acquisitions as it prepares for an initial public offering in three years. Toshiba Memory Corp. intends to rely on its own cash flow to sustain capital spending at a pace of hundreds of billions of yen a year, Yuji Sugimoto, ...

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Chinese regulator probes Samsung, Hynix amid ‘chip-price’

Bloomberg Samsung Electronics Co. and SK Hynix Inc., two of the world’s biggest chipmakers, said they’re being investigated by China’s government after their US rival Micron Technology Inc. received a similar visit from the country’s regulators. Investigators from China’s regulatory agency visited Samsung’s Chinese sales offices on May 31, Suwon, South Korea-based company said in an emailed statement. “Samsung is ...

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Japan finance minister to take pay cut over scandal

Bloomberg Japanese Finance Minister Taro Aso will take a pay cut to take responsibility for officials under him who altered documents on a cut-price land sale to a school with links to Prime Minister Shinzo Abe and his wife Akie. Aso, 77, who is also deputy prime minister, said he wasn’t considering resigning. He’s the highest ranking official to be ...

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