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ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), has extended an Abu Dhabi government grant worth $45 million (AED165 million) to Colombia. Aimed at underpinning social development, the grant will assist in establishing a network of education and health centres, in addition to launching a programme to support small and medium enterprises, SMEs. Mohammed Saif Al Suwaidi, Director-General of ...

ABU DHABI / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, over 200 global health leaders will gather in Abu Dhabi on Wednesday, for ‘Reaching the Last Mile – Mobilising Together to Eliminate Infectious Disease’. This milestone convening of government officials, ...

ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals further strengthened its executive management team with the appointment of Ali Shaukat as Senior Vice President for Risk Management. With more than 28 years’ experience, in-depth industry knowledge and technical skills across various industries in Canada, Middle East, ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) has finalised its preparations to host the International Conference launching the 10th cycle of the Mohammed bin Rashid Al Maktoum (MRM) Business Award, and the 2nd cycle of the MRM Business Innovation Award. The high-profile conference, entitled ‘Drivers of Growth in Organisations of the 21st Century: Harnessing the ...

Abu Dhabi / Emirates Business The Khalifa University of Science and Technology, a research university dedicated to the advancement of learning through teaching and research and to discovery and application of knowledge, has announced it is participating through Petroleum Institute as an academic partner in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2017. ADIPEC, which opened today, runs ...

Bloomberg The oil market is re-balancing at a quickening pace and production cuts are the “only viable option” to restore stability, OPEC Secretary-General Mohammad Barkindo said. The Organization of Petroleum Exporting Countries should decide at its meeting later this month whether or not to extend the cuts, United Arab Emirates Energy Minister Suhail Al Mazrouei said in a speech at ...

Bloomberg Saudi Arabian Oil Co. is still waiting for a decision on how many of its shares will be offered to the public, or where the listing will be made outside of the kingdom, according to Chief Executive Officer Amin Nasser. The shares will definitely be listed in Saudi Arabia’s market known as Tadawul, Nasser told reporters on Monday at ...

BEIJING / Reuters China Gas Holdings, one of China’s largest domestic natural gas distributors, expects sales to rise 30-45 percent this fiscal year and “sustainable high growth” the next few years due to Beijing’s clean air push, the company’s founder said. China Gas, which counts South Korea’s SK Group and India’s GAIL among its investors, plans to expand its extensive ...

DUBAI / Reuters Oman Telecommunications (Omantel) will pay $1.35 billion to buy a further 12.1 percent stake in Kuwaiti telecoms company Zain in a deal that will expand its reach to nine Mid- dle Eastern and North Afri- can countries. It paid 0.781 Kuwaiti dinars ($2.58) per share, around 74 percent above the current listed price, for the stake, which ...

Bloomberg Total SA’s billion-dollar deal to buy liquefied natural gas assets from Engie SA shows how much size matters in the industry. After Royal Dutch Shell Plc’s takeover of BG Group Plc last year, industry consultant Wood Mackenzie Ltd. says the latest accord is evidence that the biggest energy companies with access to large volumes of diverse supplies will continue ...