ADU approves nine new academic programmes

ABU DHABI / WAM Abu Dhabi University (ADU), on Tuesday announced the launch of nine new bachelor’s and master’s programmes for the 2018 semester in line with its sustained commitment to addressing the UAE market demand and equipping younger generations with the required tools and skillsets to progress in promising careers and grow the national economy. The nine new undergraduate ...

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Sheraa, Ajman University sign MoU

SHARJAH / Emirates Business Broadening its reach and delivering valuable guidance to those with young ideas in the region, Sheraa (Sharjah Entrepreneurship Center) have signed a Memorandum of Understanding (MoU) with Ajman University (AU). The purpose of the MoU is to support activities that help bridge research and education with industry. The collaboration will also help students, educators, experts and ...

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Sharjah-based charity donates AED33m to Egypt’s National Cancer Institute

SHARJAH / WAM The Big Heart Foundation (TBHF), the Sharjah-based global humanitarian charity dedicated to helping refugees and people in need worldwide, announced it will donate 160 million Egyptian pounds (around AED33 million) to develop the main building of the National Cancer Institute (NCI) in the Egyptian capital. NCI is one of the largest and most advanced oncology and medical ...

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UAE marks ‘international day for biological diversity 2018’

Dubai / WAM The UAE has joined the world in celebrating World Biodiversity Day, which is observed annually on May 22. This year’s celebration is being held under the theme ‘Celebrating 25 Years of Action for Biodiversity,’ to mark the 25th anniversary of the entry into the force of the Convention on Biological Diversity, ratified by the UAE in 1992 ...

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China trade truce may help give US natural gas $30 billion boost

Bloomberg China’s appetite for US liquefied natural gas may be about to get a lot bigger after the two nations agreed to pull back from the brink of a trade war. If China makes a substantial commitment to buying US LNG, it could bring $30 billion back into the country, according to a Height Securities LLC report. The White House ...

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Oil rises as Venezuela sanctions stoke crude supply risk concern

Bloomberg Oil extended gains as a new wave of US sanctions on Venezuela stoked concerns over its crude production and as analysts forecast further declines in American stockpiles. Futures in New York added as much as 0.4 percent after US President Donald Trump ordered sanctions on debt owed to Venezuela after the Latin American country’s President, Nicolas Maduro, won a ...

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Energy firms grab tie-ups in $20 billion deal trifecta

Bloomberg Two of North America’s biggest pipeline companies and the top US natural gas exporter are all absorbing subsidiaries in moves aimed at curbing future tax obligations following a federal overhaul. Williams Cos. said it will buy the remaining stake in Williams Partners in a $10.5 billion all-stock deal. Cheniere Energy Inc. is buying up the partnership that holds units ...

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Glencore nears $1bn deal to buy Chevron’s South Africa assets

Bloomberg Glencore Plc is close to a $1 billion deal to buy Chevron Corp.’s southern African assets, potentially scuppering an earlier agreement with China Petroleum & Chemical Corp., according to three people familiar with the matter. The Switzerland-based miner and trader will complete the deal within the next six weeks, said one of the people who asked not to be ...

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Energy regulator moving backward on climate change, say Democrats

Bloomberg Just weeks after the Federal Energy Regulatory Commission launched a sweeping review of its natural gas pipeline policy, its members are again split on the extent to which they should take climate change into account. In the latest clash, the commission’s Republican members voted to dismiss an environmental group’s challenge to Dominion Energy Inc.’s New Market gas pipeline in ...

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China’s latest move on trade is a massive cut to car tariffs

Bloomberg China will cut the import duty on passenger cars to 15 percent, further opening up a market that’s been a chief target of the US in its trade fight with the world’s second-largest economy. The Finance Ministry said the levy will be lowered effective July 1 from the current 25 percent that has been in place for more than ...

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