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ABU DHABI / WAM Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the Emirate of Abu Dhabi, has signed an agreement with Jalboot Marine, a local company that provides ferry services around Abu Dhabi, to begin cruise trips to the Louvre Abu Dhabi in addition to other city landmarks. Abdulkareem Al Masabi, Executive ...

DUBAI / Emirates Business wasl Asset Management Group, one of the largest real estate management and development companies in Dubai, has taken a leading position in Dubai’s freehold market following the announcement of its flagship freehold project, wasl1. The project features exceptional and unprecedented property standards, highlighting wasl’s commitment to promoting the freehold sector and consolidating Dubai as the world’s ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA) has toured five key European countries as part of its ongoing promotional strategy to increase visitor numbers from core and emerging source markets across the continent. Kicking off the roadshow in Brussels, the Authority then attended a number of tailored travel trade and media events across Amsterdam, ...

DUBAI / Emirates Business Larsen & Toubro (L&T) successfully showcased its multi-dimensional EPC capabilities in power transmission & distribution, infrastructure, water and renewable energy segments at 19th Water, Energy, Technology and Environment Exhibition (Wetex). On display is L&T’s strengths across domains with specific emphasis on power transmission and renewable energy projects executed across India, UAE and GCC, highlighting its role ...

DUBAI / WAM The Abu Dhabi Department of Education and Knowledge (ADEK) has confirmed that 40 percent of the 71 exciting and educational activities lined up for the upcoming 7th Abu Dhabi Science Festival (ADSF) it is organizing under the patronage of HH Sheikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the ...

Bloomberg Saudi Arabia announced on Tuesday a $500 billion plan to build a business and industrial zone that links with Jordan and Egypt, the biggest effort yet to free the kingdom from dependence on oil exports. The 26,500 square km (10,230 square mile) zone, known as NEOM, will focus on industries including energy and water, biotechnology, food, advanced manufacturing and ...

Agencies Saudi Arabia reassured global investors that it’s on track to sell shares in oil giant Aramco in 2018 as the who’s who of global finance and business gathered in Riyadh for a conference dubbed the “Davos in the Desert.” The kingdom plans next year to sell a stake in Saudi Arabian Oil Co., as the world’s biggest oil exporter ...

Bloomberg Iraq began using a new offshore crude-exporting facility to boost shipments by sea and make up for a drop in pipeline exports from the country’s north due to a conflict with the self-governed Kurdish region. The supertanker Chloe, which can transport about 2 million barrels of oil, moored at the new loading point in the Persian Gulf off the ...

Bloomberg Equatorial Guinea, OPEC’s newest member, is taking steps to stem the decline in its oil production following the acquisition by Kosmos Energy Ltd. and Trident Energy Management Ltd. of fields currently operated by Hess Corp.For two to three years there has been a trend of US companies operating in Africa, but not re-investing there, said the nation’s Minister of ...

Bloomberg The biggest US grid operator is asking regulators to reject Energy Secretary Rick Perry’s plan to prop up ailing coal and nuclear plants. “I don’t know how this proposal could be implemented without a detrimental impact on the market,” Andrew Ott, who heads up PJM Interconnection LLC, told reporters by phone. Perry’s proposal is “discriminatory” and inconsistent with federal ...