Tag Archives: 2018

World Bank sets spring 2018 target to enhance financial capacity

WASHINGTON: The World Bank Group is aiming to develop new measures to enhance its financial capacity and have its board decide on them at its next spring meetings in April 2018, a spokesman for the institution said on Saturday.The World ...

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DXB 'smart tunnel' set to go live by end-summer 2018

A new smart tunnel which is expected to reduce passport control procedures to just 15 seconds will be installed at Dubai International Airport by the end of next summer. In a tweet published on Thursday, Dubai Media Office said the ...

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Global oil market seen balanced in 2018, even with rising output

LONDON: Global supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fuel and should mostly offset a steep rise in output, the International Energy Agency said ...

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Mideast economies to look up in 2018

LONDON: Middle Eastern economies have performed better in 2017 following OPEC production cuts designed to stabilize the oil price, but not as much as expected — although 2018 may bring a more meaningful recovery, according to a PwC report published ...

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Dubai's P&O Ports says to start running French port in early 2018

P&O Ports, a subsidiary of Dubai’s DP World, will begin to operate the container terminal in the Port de Sete in the south of France from early next year. The three-year contract, announced in July, will see P&O Ports operating ...

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Putin says oil cut deal with OPEC could last until end of 2018

MOSCOW: Russian President Vladimir Putin said on Wednesday a deal between OPEC and other oil producers to reduce production could be extended to the end of 2018, a longer timeframe than others have suggested till now in the bid to ...

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DP World to start Port Du Futur construction in Senegal by 2018

DUBAI: DP World will start construction of Port Du Futur after the Dubai port operators’ officials met with Senegalese government officials to confirm the development of infrastructure projects in the west African country.Sultan Ahmed Bin Sulayem, the DP World Group ...

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UAE to open Arab Gulf's first nuclear reactor in 2018

AFP Last updated: September 26, 2017 The United Arab Emirates on Monday announced plans to open a nuclear power plant next year, in what would be a first for the emirate and the Arab Gulf region. The $ 20-billion Barakah ...

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Bawadi Mall hails declaration of 2018 as 'Year of Zayed'

Al Ain, UAE – Bawadi Mall, a leading shopping and entertainment destination in Al Ain, hailed the decision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to declare 2018 as the ‘Year of Zayed’. In a statement issued ...

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