AUH named region’s ‘best airport’ by ACI

Abu Dhabi / WAM The Airports Council International (ACI), World has recently announced Abu Dhabi International Airport, AUH, as the winner of ‘Best Airport in the Middle East’, for the second year in a row, at its annual Airport Service Quality (ASQ), Awards. The ASQ is the only worldwide programme to survey passengers at the airport on their day of ...

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Shamma Al Mazrui among 7 young women ‘changing the world’

Abu Dhabi / WAM The CNBC news channel has listed Shamma bint Suhail Faris Al Mazrui, Minister of State for Youth Affairs, among the top seven ‘female activists under 23 who are changing the world’. The list comes in conjunction with this year’s International Women’s day, centred around the theme #PressforProgress, which urges women of all generations to use their ...

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Innovative applications help NPCC save AED210 million

Abu Dhabi / WAM The National Petroleum Construction Company (NPCC), part of Senaat Abu Dhabi, announced that innovative applications have saved the company AED210 million. The company organised an Innovation Award ceremony at Park Rotana Hotel, which was attended by NPCC’s clients from ADNOC and ARAMCO, shareholders of Senaat and NPCC employees. The ceremony was organised to recognise, reward employees ...

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Abu Dhabi to host World Summit of the Oceans 2019

CANCUN / WAM Having concluded their participation in the fifth session of the summit held on March 7 in Cannon, Mexico, Abu Dhabi Department of Economic Development, and Abu Dhabi Environment Authority, announced that Abu Dhabi will host the sixth session of the 2019 World Summit of the Oceans. This announcement has been declared during the AD Emirate Governmental bodies’ ...

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FTA makes VAT registration easy through its e-services portal

Abu Dhabi / WAM The Federal Tax Authority (FTA), has reaffirmed that registering for Value Added Tax (VAT), can be done in three easy steps through the e-Services portal on the Authority’s website, taking no longer than 15-20 minutes. The Taxable Person or an official representative can register through the e-Services portal, available 24/7 on the FTA website, which was ...

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Saudi Aramco, Shell sign deal to pursue global gas opportunities

LONDON / Reuters State oil giant Saudi Aramco signed a preliminary deal to pursue international gas opportunities with Royal Dutch Shell as part of top crude exporter Saudi Arabia’s diversification drive before the listing of Aramco. The memorandum of understanding (MoU) signed in London between the two companies was during the official visit of Saudi Crown Prince Mohammed bin Salman ...

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France, India pledge to push forward on world’s largest ‘N-power plant’

Bloomberg The leaders of France and India reiterated their intention to start work by the end of this year on what could become the world’s largest nuclear power plant, advancing talks that have continued for nearly a decade. French President Emmanuel Macron and Indian Prime Minister Narendra Modi urged Electricite de France SA and India’s monopoly atomic energy producer, Nuclear ...

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Solar coalition set to unveil $700mn of projects

Bloomberg A global coalition aimed at supporting the use of solar power is expected to announce a slew of projects worth about $700 million during its inaugural conference this weekend in New Delhi, according to government officials familiar with the matter. The International Solar Alliance, an initiative launched at the Paris climate talks in 2015, plans to unveil 20 projects ...

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Sunrun seeks $500mn for rooftop solar power growth

Bloomberg Sunrun Inc., the largest US residential-solar company, is seeking about $500 million to fund more rooftop-power systems, according to people familiar with the company’s plans. South African bank Investec Plc is leading the five-year deal, according to the people, who declined to comment because they weren’t authorized to speak publicly. The funds would refinance and expand an existing credit ...

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Oil short-selling rears its ugly head as shale fears mount

Bloomberg Short-selling is creeping back into the oil market as fears increase that the US will be awash with oil again. Hedge funds boosted bets on falling West Texas Intermediate crude prices by the most this year after American production surged to record levels. While OPEC this week reaffirmed its commitment to rebalancing the market, US fields are forecast to ...

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