News U Wish to Read – 31 July 2017

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News U Wish to read - 31 July 2017Energy

Oil rises ahead of oil leaders’ meeting in Abu Dhabi

The National

Oil rose on Monday, putting July on track to become the strongest month this year, as news of a producers’ technical meeting next week added to bullish sentiment driven by the threat of US sanctions against the Opec member Venezuela.

Oil traders also eyed the bullish impact from a production outage following a fire at Europe’s largest refinery and further signs that the US market is tightening after heavy inventory falls and slower new oil rig additions last week.

Published: 31st July 2017

Follow: https://www.thenational.ae/business/oil-rises-ahead-of-oil-leaders-meeting-in-abu-dhabi-1.615697

#TheNational #OilandGas #AbuDhabi

Dubai Ruler and Sheikh Mohammed visit Adnoc headquarters – in pictures

The National

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, on Sunday visited the Abu Dhabi Natiinal Oil Company headquarters.

Their Highnesses expressed their pride in those in the UAE who adopted the values of leadership, excellence and innovation to promote the country’s international competitiveness.

They also stressed the importance of maintaining economic diversity based on the UAE’s strengths and experiences, especially in essential sectors such as energy.

Published: 30th July 2017

Follow: https://www.thenational.ae/uae/dubai-ruler-and-sheikh-mohammed-visit-adnoc-headquarters-in-pictures-1.615544

#ADNOC  #THENATIONAL

Adnoc charts strategic path that will strengthen links with global economy

The National

The Abu Dhabi National Oil Company is charting a course unlike many of its peers as it prepares to face a radically different energy future, said experts including Daniel Yergin yesterday. The company’s leadership made it clear in comments to The National on Monday that it will not be following the path that many national oil companies (NOCs) have – and which close neighbour Saudi Arabia plans – in selling off a piece of the parent company.

Published: 14th July 2017

Follow: https://www.thenational.ae/business/adnoc-charts-strategic-path-that-will-strengthen-links-with-global-economy-1.484108  

#ADNOC  #ECONOMY  #THENATIONAL

Adnoc on new expanded partnership approach

Gulf News

The Abu Dhabi National Oil Company (Adnoc) recently announced the expansion of its strategic partnership model, as well as the more active management of its portfolio of assets. Following the launch of a new initiative to expand its strategic partnership model, Dr. Sultan Ahmad Al Jaber, UAE Minister of State and Group CEO of Adnoc, met last week with both potential and existing partners in China and Japan. These discussions focused on the new partnership and co-investment opportunities created through Adnoc’s new approach, as well as the deepening of UAE bilateral relations with both countries.

Published: 22nd July 2017

Follow: http://gulfnews.com/business/sectors/energy/adnoc-on-new-expanded-partnership-approach-1.2062662

#ADNOC  #GULFNEWS

Sheikh Mohammed lauds Adnoc’s new approach

The National

Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, said Adnoc’s new strategic approach, which includes expanding the types of partnerships it forms and spinning off some of its services businesses, will help the economy meet its key fiscal and employment goals.

Published: 15th July 2017

Follow: http://www.thenational.ae/business/energy/energy-majors-see-emphasis-on-gas

#ADNOC  #THENATIONAL

Kuwait sees oil inventories falling faster as Opec keeps cutting

Gulf News

Crude oil inventories will decline at a faster pace worldwide in the second half of the year as demand increases and Opec members comply better with a global agreement to cut output, Kuwait’s Opec Governor Haitham Al Ghais said.

Published: 15th July 2017

Follow: http://gulfnews.com/business/sectors/energy/kuwait-sees-oil-inventories-falling-faster-as-opec-keeps-cutting-1.2059269

#OPEC #KUWAIT #GULFNEWS

Politics & Economy

UAE GDP to recover in 2018 on higher investments, global trade flows, says report

The National

The UAE economy will accelerate at a rate of 3.3 per cent in 2018, thanks to an increase in government investments, a rebound in world trade flows and an uptick in global tourism, according to a new report.

The forecast by consultancy Oxford Economics, in collaboration with accountancy and finance body ICAEW, is broadly in line with projections made earlier this month by  the IMF, which is predicting 3.4 per cent growth for next year.

Oxford Economics and ICAEW forecast that the UAE’s growth will slow this year to 1.7 per cent, a more bullish estimate than the IMF’s 1.3 per cent estimation. The country’s economy grew 3 per cent last year, according to the Central Bank.Published: 25th July 2017

Read more: https://www.thenational.ae/business/uae-gdp-to-recover-in-2018-on-higher-investments-global-trade-flows-says-report-1.614043

#THENATIONAL  #ECONOMY #UAE #GDP

Business environment and confidence in Dubai to pick up in Q3, a new survey shows

The National

Business confidence and conditions in Dubai are forecast to strengthen in the third quarter, with small and mediums-sized companies expressing more optimism than large corporations, according a survey from the Dubai Chamber of Commerce and Industry.

The growing confidence comes “in line with an increase in the number of new companies” expected to join the chamber in the third quarter, which is an indicator of business activity in the emirate, said Hamad Buamim, President and chief executive of Dubai Chamber.

Published: 25th July 2017

Read more: https://www.thenational.ae/business/business-environment-and-confidence-in-dubai-to-pick-up-in-q3-a-new-survey-shows-1.614162  

#THENATIONAL  #GDP

Etihad submits non-binding offer for Alitalia

The National

Etihad Airways has emerged as one of around 10 bidders interested in acquiring a partial or full stake in the Italian airline Alitalia, suggesting the Abu Dhabi-based carrier remains committed to its investment in the troubled airline.  The non-binding bid, submitted ahead of a deadline on Friday, also suggests that Etihad may not be ready to reverse course on its international investment strategy, despite last week selling off its stake in Switzerland’s Darwin Airline following a strategic review launched last year.

Published: 22nd July 2017

Read more: https://www.thenational.ae/business/aviation/etihad-submits-non-binding-offer-for-alitalia-1.613209

#THENATIONAL #ETIHAD #ALITALIA

France aims to be ‘facilitator’ in Gulf crisis talks

Gulf News

DOHA: French Foreign Minister Jean-Yves Le Drian said in Doha on Saturday that Paris wants to assist Kuwait-led mediation talks on the crisis between Qatar and four other Arab states. “France should be a facilitator in the mediation” led by Kuwait, Le Drian told reporters following talks with his Qatari counterpart Shaikh Mohammad Bin Abdul Rahman Al Thani.

Published: 15th July 2017.

Read more: http://gulfnews.com/news/gulf/qatar/france-aims-to-be-facilitator-in-gulf-crisis-talks-1.2059346

#GULFNEWS #UAE

UAE wants resolution, not alleviation of Qatar problem

The National

The UAE said efforts to ease tensions rather than directly address the problem between Qatar and the Arab countries isolating it will only lead to worse crises in future. “We believe that there are two ways of dealing with things, whether to try and ease tension or try to address a problem,” Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Cooperation, said on Thursday. “We do not believe that an attempt to ease the tension will address the matter, but will lead to delaying the problem, which will lead to a doubling of the situation in the future.”

Published: 13th July 2017.

Read more: https://www.thenational.ae/world/gcc/uae-wants-resolution-not-alleviation-of-qatar-problem-1.568763  

#THENATIONAL

Community, Environment & Society

Get ready for 80% humidity in UAE

Gulf News

The weather across the UAE is expected to get stickier as humidity levels are expected to rise by Monday night and into Tuesday morning.

The National Centre of Meteorology and Seismology (NCMS) said the weather will become “very hot and hazy” over the next two days, especially over coastal areas.

The highest temperature recorded on Sunday was 51.8 degrees Celsius in Mezaira, at 3pm.

Temperatures on Monday are expected to reach 44C in coastal areas and 47C in internal areas, with humidity levels to reach up to 80 per cent.

Published: 31st July 2017.

Read more: http://gulfnews.com/news/uae/weather/get-ready-for-80-humidity-in-uae-1.2066646

#GULFNEWS #ENVIRONMENT #TEMPERATURE

Oman announces E-visa for international tourists

Gulf News

Tourists planning to visit Oman can apply online for visas by submitting their applications at https://evisa.rop.gov.om/. The first stage comprises non-sponsored tourist visas for people from 67 countries as well as GCC residents employed in 116 professions

Published: 26th July 2017.

Read more: http://gulfnews.com/news/gulf/oman/oman-announces-e-visa-for-international-tourists-1.2064527

#GULFNEWS  #OMAN #VISA

Ras Al Khaimah Fine Arts Festival puts call out for artist submissions

The National

The Annual Ras Al Khaimah Fine Arts Festival has announced submission dates for this year’s competition.  Entries will be taken from August 20 and close on October 20, 2017 in four categories, film, photography, visual arts, and student work. New this year, there is a recycled art sub-category within Visual Arts, where participants are required to use recyclable materials from Ras Al Khaimah, or focus on the story of recycling in order to enter.

Published: 23rd July 2017.

Read more: https://www.thenational.ae/arts-culture/art/ras-al-khaimah-fine-arts-festival-puts-call-out-for-artist-submissions-1.613321

#THENATIONAL  #RASALKHAIMAH #ARTSFESTIVAL

Drivers welcome move to buckle up in the back seat

The National

UAE residents have welcomed the introduction of new traffic laws that fine anyone without a seatbelt on in the back of a car and are pleased to hear it’s being enforced.  Any back-seat passenger seen by police without a seatbelt on could end up landing their driver with a Dh400 fine and four black points, and children under 4 must be in a child car seat. Before July 1 the law only dictated that people in the front seats must buckle up.

Published: 15th July 2017

Read more: https://www.thenational.ae/uae/drivers-welcome-move-to-buckle-up-in-the-back-seat-1.609055

#THENATIONAL  #ROADSAFETY #BUCKLEUP

Dubai to host conference on sustainability, green technologies

WAM

The key challenges facing the environment will be the underlying theme at the 19th edition of the Water, Energy,Technology and Environment Exhibition to be organised in Dubai on October 23rd-25th.The event, organised by Dubai Electricity and Water Authority, DEWA, for the 4th year running, will shed extensive light on the headwinds facing the water, energy and environment sectors in the region, with the participants to seek to come up with innovative eco-friendly solutions that support economic growth while preserving natural resources and protecting the environment.

Published: 04th July 2017

Read more: http://wam.ae/en/details/1395302621501

#WAM  #SUSTAINABILITY #ENVIRONMENT #WETEX

Sports


Sebastian Vettel overcomes steering problem to win Hungarian GP

Gulf News

Ferrari’s Sebastian Vettel overcame steering difficulties to win a tense Hungarian Grand Prix on Sunday and extend his championship lead over rival Lewis Hamilton to 14 points heading into the summer break.The four-time Formula One champion made a decent start from pole position, crucially holding off teammate Kimi Raikkonen on the long straight into Turn 1.

Published: 30th July 2017

Read more: http://gulfnews.com/sport/motorsport/sebastian-vettel-overcomes-steering-problem-to-win-hungarian-gp-1.2066579

#GULFNEWS #F1  #SEBASTIANVETTEL

 

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