Doha: Qatar yesterday announced the launch the world’s largest Shariah-compliant ‘Energy Bank’ with a targeted capital of $10bn (QR36.41bn) to finance local as well as overseas energy projects.

This was announced at a press conference held on the sidelines of the 5th edition of the Doha Islamic Finance Conference, by Khaled Al Suwaidi, the Chairman of the Founding Committee of the anticipated biggest energy sector dedicated lender"...

UK-based Direct Access Consultancy has opened its first international office in Dubai, UAE, after winning a contract to turn the city’s Expo 2020 exhibition into an event accessible for all, thanks to support from the Britain's Department for International Trade (DIT).

Direct Access Consultancy, based in Nantwich, Cheshire, provides accessibility audits to help improve disabled access for buildings and transport systems.

Each of the company’s five staff has a disability, giving them"...

Now that Juan Guaido has put a shadow board of directors for Petroleos de Venezuela (PDVSA) on standby, he needs a few thousand employees in the wings ready to come to the rescue.

That and a whole lot of money. But assembling a deep bench of experience and knowledge, as Mr Guaido’s team is trying to do, may be the tougher nut to crack. Much of the PDVSA professional staff left more than a decade ago for jobs in other countries. The rank-and-file"...

Oil gained for a second straight week as Opec assured traders it’s committed to culling supplies ahead of a key meeting with allies in Azerbaijan this weekend, said a report.

Futures advanced 4.4 per cent this week in New York and settled Friday just pennies off a four-month high, reported Bloomberg.

"...

South Energy, the energy solution arm of Dubai South (the rebranded Dubai World Central), has signed up HCT Technical Services (HCT) to provide the engineering, procurement and construction (EPC) services for a 2MWp photovoltaic system to cater to five of its facilities.

HCT, the solar arm of Haji Commercial Company (HCC), is a Dubai Electricity and Water Authority (Dewa)-approved solar contractor.

Set to power up the Dubai South headquarters and four freight complexes, this project is South Energy’s"...

SINGAPORE: Oil prices rose on Wednesday after a report of declining US crude inventories and as producer club Opec seemed to stick to its supply cuts despite pressure from US President Donald Trump. US West Texas Intermediate (WTI) crude oil futures were at $55.89 per barrel at 0755 GMT, up 39 cents, or 0.7 per cent, from their last settlement.
International Brent crude futures were at $65.48 per barrel, up 27 cents, or 0.4 per cent from their last close.
US crude oil inventories fell by 4.2 million barrels in"...

• New ABB: focus, simplify, lead
• Focused portfolio: Divestment of Power Grids to Hitachi well on track
• Simplified structure: New operating model “ABB-OS™” for enhanced customer focus, agility
  and profitability; %$500 million annual savings
• Four new leading businesses, #1 or #2 in their respective markets, effective April 1, 2019 with
  new medium-term business operational EBITA margin target corridors of:
  • Electrification: 15-19 percent
  • Industrial Automation: 12-16 percent
  • Motion: 14-18 percent
  ...

(AETOS Wire) -- FULL YEAR 2018 HIGHLIGHTS

• Total orders +8%1, up in all divisions and regions
• Revenues +4%, strong growth in Robotics and Motion
• Order backlog +6% at end of year, book-to-bill ratio2 at 1.03x
• ABB Ability™ drives growth across all divisions
• Operational EBITA margin 10.9%2, impacted by a combined 250 basis points due to stranded costs, charges for legacy non-core projects and GEIS dilution
• Reported net"...

(AETOS Wire)-- NZMP

1. Digestive wellness
2. Snacking as an occasion in its own right
3. Ethics goes 360
4. Total wellbeing
5. Adventurous consumption

Insights from some of the world’s largest food and nutrition research providers* have been analysed by NZMP, picking its top five trends for food and"...