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Abu Dhabi / Emirates Business Transformation, diversification and evolution will be top keywords at the world’s leading annual conference for oil and gas professionals, the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), as the industry readies itself for future challenges and opportunities. ADIPEC is renowned as a global hub for knowledge exchange in the hydrocarbon business, with its landmark ...

Dubai / Emirates Business His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, on Tuesday opened Gulfood Manufacturing 2017, the fourth edition of the Middle East’s largest ingredients, processing, packaging, and logistics exhibition at the Dubai World Trade Centre (DWTC). Touring the 80,000 square metre show, which runs for three days and is expected to attract tens of thousands ...

Dubai / WAM The World Bank’s Ease of Doing Business 2018 report revealed on Tuesday that the UAE is ranked 21st globally and is ranked top of Arab countries for the fifth year in a row. The report showed that the UAE has ranked in the top ten globally in five of the reports ten topics. The UAE is first ...

Abu Dhabi / WAM Hamad Ali Al Kaabi, UAE’s Permanent Representative at the International Atomic Energy Agency (IAEA), said that hosting of the International Ministerial Conference on Nuclear Power in the 21st Century by the UAE demonstrated the world’s acknowledgement and appreciation of the country’s efforts to produce peaceful nuclear energy. In a statement to the Emirates News Agency, WAM, ...

DUBAI / Emirates Business Under the patronage of HE Dr Abdullah Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority – Land and Maritime, the 3rd Maritime Academic Conference and Expo (MARACAD 2017) concluded at the Dubai World Trade Centre. The conference attracted 22 international maritime organisations, which made it an exceptional event for the ...

Sharjah / WAM The Higher Committee of National Day Celebrations in Sharjah is organising a special ceremony to celebrate the UAE’s Flag Day on November 2. The ceremony is expected to be the biggest national gathering to celebrate the day in Sharjah, and will take place on Flag Island in the emirate with the theme, ‘The UAE of Giving and ...

Dubai / Reuters All six countries in the Gulf Cooperation Council remain committed to introducing value-added tax, though they will do so at different speeds, a senior International Monetary Fund official said. “My feeling, through my interaction with the authorities, is that they are still committed and they are still preparing implementation,” Jihad Azour, head of the IMF’s Middle East ...

Dubai / Reuters Middle East fund managers have become more cautious about investing in regional bonds while ambitious economic development plans in Saudi Arabia have increased interest in equities there, a monthly Reuters poll shows. Twenty-three percent of regional funds expect to reduce their allocations to fixed income in the next three months while 8 percent expect to increase them, ...

Reuters Oil will likely rally into 2018 with periods of volatility as an anticipated extension of OPEC-led output restrictions offsets higher US production, a Reuters poll showed on Tuesday. Analysts raised their crude price projections, the survey showed, as expectations of an output cut extension were buoyed by comments from officials in Saudi Arabia, the de facto leader of the ...

Reuters Exxon Mobil has pulled out of a major project in Pakistan, in a potential blow to plans to boost imports of liquefied natural gas (LNG) after years of winter shortages. Differences among the six-member group behind the project in Port Qasim in Karachi mean French oil major Total and Japan’s Mitsubishi may also quit and join a rival scheme, ...