Dubai / Emirates Business JMA group on Tuesday announced that it will open a chain of twenty supermarkets in Dubai by the end of 2018 with an initial investment of AED 60 million, creating an estimated over 1,000 jobs in the country. The group will invest further to open over 100 more convenience stores across UAE, GCC and Asia by ...

DUBAI / Emirates Business Dubai Business Women Council (DBWC), the UAE’s leading platform for the personal and professional development of women in the emirate and beyond, and UAE-grown management consultancy (METIS), have joined forces to equip women across the country with the necessary knowledge and skills to successfully navigate the region’s complex business landscape. The introduction of Value Added Tax ...

ABU DHABI / WAM Al Wathba Municipal Centre of the Abu Dhabi Municipality (ADM), conducted an inspection campaign in Al Faya Industrial Area to monitor temporary construction sites, reduce debris, and urge owners to adhere to the public safety standards as per the Buildings Regulation Law No. 04 of 1983 and its executive regulations. During the campaign, the municipal inspectors ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), announced on Wednesday the signing of two new agreements, with Idemitsu Kosan Co. Ltd. of Japan and SCG Chemicals of Thailand, for a combined amount of up to 1.5 million tons of Naphtha per year. These deals follow the recent announcement from ADNOC that it had signed a similar ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman of Dubai Islamic Economy Development Centre (DIEDC), received a high-ranking delegation from South Korea, led by Kim Dong-yeon, Minister of Strategy and Finance and Deputy Prime Minister. The meeting, held at the Dubai headquarters of the UAE Ministry of Economy, explored ways of enhancing synergies ...

NEW YORK / Reuters Saudi Arabia and Russia are working on a historic long-term pact that could extend controls over world crude supplies by major exporters for many years. Saudi crown prince Mohammed bin Salman told Reuters that Riyadh and Moscow were considering a deal to greatly extend a short-term alliance on oil curbs that began in January 2017 after ...

NEW YORK / WAM Saudi Aramco announced commercial cooperation worth over $10 billion with 14 American companies during Saudi-US CEOs forum in New York. Saudi Aramco on Wednesday participated in the event to promote bilateral business and cooperation between the two countries. The forum was scheduled to coincide with the official visit to the United States by Crown Prince Mohammed ...

Bloomberg CEFC China Energy Co., the sprawling conglomerate that’s come under increasing government scrutiny, plans to sell its entire global property portfolio with a book value of more than 20 billion yuan ($3.2 billion), according to people with knowledge of the matter. Almost 100 properties are up for sale, including its headquarters in an upscale Shanghai neighbourhood, four floors of ...

Bloomberg European oil majors are swarming the shallow-waters of the Gulf of Mexico as the country races to attract investment before an election. Anglo-Dutch giant Royal Dutch Shell Plc, the UK’s BP Plc, France’s Total SA, Italy’s Eni SpA, Spain’s Repsol SA, Russia’s Lukoil PJSC and DEA Deutsche Erdoel AG of Germany all won blocks — a number of them ...

Bloomberg Concho Resources Inc. will buy rival shale oil producer RSP Permian Inc. in an $8 billion all-share deal, creating one of the largest producers in the region at the center of America’s energy boom. The deal is the biggest ever in the Permian Basin, topping Exxon Mobil Inc.’s acquisition of assets from the Bass family for as much as ...