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Tory Brexit rebels in retreat? Plot to topple Theresa May denied - Dotemirates

Tory Brexit rebels in retreat? Plot to topple Theresa May denied

Britain's Prime Minister Theresa May arrives at Downing Street in London, September 10, Hannah McKay LONDON — Leading Brexit-supporting lawmakers insisted that they aren't about to topple Prime Minister Theresa May, despite strong opposition to her plan for taking Britain out of the European Union.A faction of May's Conservative Party opposes her proposal to keep the U.K. aligned to EU rules after Brexit in return for free trade in goods. They say that would keep Britain tethered to the bloc and unable to strike new trade deals around the world.Several dozen rebel lawmakers have discussed attempting to trigger a no-confidence...


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9 minute 49 second

Ducab signs three contracts for ADNOC projects

Ducab has secured three major contracts in Abu Dhabi for the supply of over 5,000 kms of EHV, HV, MV and LV cables and AAAC overhead conductors for ADNOC-related projects in Abu Dhabi. The announcement came on the sidelines of the company’s upcoming participation in the Abu Dhabi International Petroleum Exhibition and Conference, ADIPEC 2018. The new contracts, secured following intense global competition, include the design, manufacturing, and supply of 220kV EHV cables, 132kV High Voltage (HV), along with a range of medium voltage (MV), low voltage (LV) power and control cable systems for the clean fuel and waste-heat recovery...
10 minute 18 second

ADNOC to invest $1.4bn to expand its giant Bu Hasa field

The Abu Dhabi National Oil Company (ADNOC) announced, today, a $1.4bn investment to upgrade and expand its Bu Hasa field, which will increase crude oil production capacity to 650,000 barrels per day (bpd). An EPC contract has been awarded to Tecnicas Reunidas SA by ADNOC’s subsidiary, ADNOC Onshore, which operates the field. The scope of work is expected to take 39 months, and the upgrade will increase oil production capacity from 550,000 bpd to 650,000 bpd by the end of 2020. This is part of the company's plan to increase production to 4mbpd by 2020, and 5mbpd by 2030. “This...
10 minute 34 second

Abu Dhabi’s Aldar awards Dhs335m contact for Dubai border community

Abu Dhabi developer Aldar Properties has awarded a Dhs335m ($91.2m) contract to Al Rakha Contracting and General Transport for its Alghadeer project. The award comes after the company announced a $2.7bn master plan for Abu Dhabi/Dubai border community in April spanning 14,408 villa, townhouse and maisonette units across an area of 1.3 million square metres. Read: Abu Dhabi’s Aldar launches $2.72bn community on Dubai border Aldar said Al Rakha would be the main contactor for the first neighbourhood in the second phase of the project and build 707 maisonettes, townhouses and villas. “From its location at the centre of the...

21 minute 5 second

ICICI Bank ups retail term deposit rates by up to 0.25 pc

Mumbai: Country's second largest private sector lender by assets ICICI Bank on Wednesday hiked retail term deposit interest rates by up to 0.25 per cent on select maturities. Interest rates in the system are on an upward trajectory amid a liquidity squeeze and two rate hikes by the RBI, with a slew of lenders announcing reviews. Generally, hikes in lending rates are preceded by deposit rate hikes. ICICI Bank's head of retail liabilities group, Pranav Mishra, said the lender feels prevailing volatility in the financial market will lead to a renewed interest among customers to invest in fixed deposits. The...

300 Diplomatic Leaders Convene in UAE as Abu Dhabi Diplomacy Conference Opens

Abu Dhabi - MENA Herald: The Abu Dhabi Diplomacy Conference was inaugurated today by His Excellency Dr Anwar Gargash, UAE Minister of State, convening more than 300 high-profile personalities, thought leaders and practitioners from the fields of international politics, diplomacy and academia as well as the private sector.  Held under the patronage of His Highness Sheikh Abdullah bin Zayed Al Nahyan, the inaugural two-day event at The St. Regis Saadiyat Island Resort is hosted by the Emirates Diplomatic Academy (EDA), the UAE’s leading international relations and diplomatic institution. The conference provides a premier interdisciplinary platform to discuss the latest innovations,...
32 minute 58 second

Federal Tax Authority: Tax Refunds for Tourists Scheme Ready for Tourists at Abu Dhabi, Dubai and Sharjah International Airports Starting next Sunday

Dubai - MENA Herald: The Federal Tax Authority (FTA) announced that the digital system for the Tax Refunds for Tourists Scheme will be ready to issue and process VAT refund claims for eligible tourists to recover tax incurred on their purchases as of Sunday, November 18, 2018, at Abu Dhabi, Dubai and Sharjah International Airports. The Authority revealed that preparations are underway for phase two of the Scheme, which goes into effect on December 16, 2018, allowing overseas tourists to claim refunds of taxes at all other UAE airports and land and sea ports that are taking part. At a...