Bloomberg This year has been one of moderate gains for the price of oil, but it has been bleak for producers. West Texas Intermediate crude is heading for an annual increase of more than 30%, but the best performance among the global oil majors has been Chevron Corp, which has posted a gain of just 10%. The S&P 500 Energy ...

Bloomberg Mexican stocks are set to underperform emerging market stars next year amid worries about domestic economic policy, sluggish growth and U.S. trade ties. Mexico’s benchmark IPC index is projected to rise 7% next year to 47,800, according to the median of seven analysts surveyed by Bloomberg. That growth would be in line with the gauge’s performance so far in ...

ABU DHABI / WAM The world’s attention will be focused on Dubai during the Christmas and New Year holidays, as it tops the list of global tourism destinations, due to its rich tourism and entertainment options. Local tourism authorities and travel companies point out that Dubai will host some five million tourists during the peak period of Christmas and New ...

Abu Dhabi / WAM Etihad Cargo, the cargo and logistics arm of Etihad Airways, became second carrier to be awarded IATA’s Centre of Excellence for Perishable Logistics (CEIV Fresh), in Abu Dhabi. The new award elevates Etihad Cargo as the first Middle East airline to hold both of IATA’s CEIV Fresh and CEIV Pharma certifications, and one of the two ...

DUBAI / Emirates Business Within a period of one week, the Saudi German Hospital Dubai (SGH Dubai) won two international accreditations, emphasising its leadership position in the healthcare industry in the UAE and region at large. The first accreditation for quality is from the Joint Commission International in the United States of America (JCI) and this accreditation represents an international recognition for ...

DUBAI / WAM The UAE federal export credit company, Etihad Credit Insurance (ECI), signed a Memorandum of Understanding (MoU), with the Export Credit Guarantee Agency of Oman (Credit Oman), to enhance trade and economic cooperation between the two countries. The signing took place during the 10th AMAN UNION General Assembly, held in Muscat. The MoU was signed by Massimo Falcioni, ...

ABU DHABI / WAM Hedayah, the International Centre of Excellence for Countering Violent Extremism (CVE), signed a memorandum of understanding on the margins of the Civil Society Workshop, with the United Nations Office of Counter-Terrorism (UNOCT). According to a statement released by the centre, the memorandum will further expand the reach of programmes to prevent radicalisation leading to violent extremism ...

Bloomberg Prime Minister Narendra Modi has staunchly defended India’s contentious new religion-based citizenship law in an address to a mass rally in the capital New Delhi, while elsewhere in the country the death toll from violent protests against the legislation crept higher. He asked voters to thank the parliament for pushing through the law last week and accused opposition parties ...

Bloomberg South Africa’s biggest labour group is proposing that more than half the debt of state-owned Eskom Holding SOC Ltd be put into a special purpose vehicle to help save the utility and avoid job cuts. The Congress of South African Trade Unions urged the government strike a deal with the Public Investment Corp, Africa’s biggest money manager, to help ...

Bloomberg PG&E Corp creditors, seeking to salvage their bid to take control of the bankrupt utility’s restructuring, sweetened their offer to wildfire victims and made new proposals aimed at winning over California Governor Gavin Newsom. In a letter to Newsom, the creditor group said they are prepared to pay the victims $13.5 billion in cash upfront instead of using stock ...