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  Abu Dhabi / WAM A large number of executives and industry professionals from local, regional and global markets took part in the second edition of Maritime Standard Ship Finance and Trade Conference held here this week. Hosted by Abu Dhabi Ports (ADP), the event aimed to chart a future course for shipping and maritime sectors that would boost the industry ...

  Abu Dhabi / WAM Emirates Foundation, an independent philanthropic organisation set up by the Abu Dhabi government to facilitate public-private funded initiatives to improve the welfare of youth across the UAE, announced on Saturday the launch of the first of its kind ‘Child Safety Week’ across the UAE. Held under the theme of ‘Child Safety First’, the Child Safety week ...

  Dubai / WAM The eagerly-anticipated YouthConnect event, spanning a full day of engaging conversations and dynamic workshops, started on a high note with a joint welcome address by Reem Al HashimI, Minister of State for International Cooperation and Director General Bureau Expo 2020 Dubai; and Shamma bint Sohail Al Mazrui, Minister of State for Youth Affairs. Addressing an audience ...

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) launched its ‘Always Stay Connected’ campaign in a bid to increase customer awareness of how best to leverage its services. As part of the campaign, DEWA provides simple recommendations and steps to follow, so that consumers will continue to receive sustainable and uninterrupted services. These measures include updating personal details via ...

  AL MUKALLA / WAM Emirates Red Crescent (ERC) on Saturday began the distribution of winter clothes, food parcels and tents in Gheil ben Yameen Directorate, Hadramaut Governorate. The gesture was part of the authority’s humanitarian efforts to help the population battle the severe cold and alleviate their suffering. Abdullah Al Musaferi, Representative of the ERC in Hadramaut Governorate, said that ...

  Dubai / Emirates Business Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, announced its participation in this year’s UAE Innovation Week. The organization’s participation is marked with a number of thought-provoking and innovative showcases taking place at Boulevard at Emirates Towers and Mall of the Emirates from November 20-26 and November 21-26 respectively, under the theme ...

BLLOMBERG Iranian Oil Minister Bijan Namdar Zanganeh said he’s optimistic that OPEC members will agree to proposed production cuts at a meeting in Vienna later this month. Zanganeh met the group’s secretary-general, Mohammed Barkindo, in Tehran on Saturday to discuss an accord that seeks to reduce output by as much as 1.3 million barrels a day. He described as “promising” ...

  LONDON/BAGHDAD / Reuters Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents seen by Reuters, further reducing the prospect it will join any OPEC deal to curb the group’s output. The compensation – stipulated in contracts – would compound the financial hit of losing much-needed revenue from crude ...

  MADRID / Reuters A Spanish consortium which is building a high-speed rail link between Mecca and Medina has reached a preliminary deal with Saudi Arabia to finalise the works after a series of delays and setbacks, Spain’s public works ministry said. The Al Shoula consortium comprising 12 Spanish companies including OHL and Indra as well as two Saudi firms ...

  KIRKUK / Reuters Iraq’s exports from the Kirkuk oil field through an export pipeline to Turkey have dropped because of power outages, an official at state-run North Oil Co. said. Export are currently running at 100,000 barrels per day (bpd), compared with 133,000 bpd in October, the official said. The pipeline delivers crude to Turkish terminal of Ceyhan, on ...