Britain Supreme Court is all set to hear the government’s appeal against a ruling that it must get the approval of the parliament before triggering Article 50—a process to formally leave the European Union. It has led to the constitutional face-off. The High Court dramatically ruled last month that Prime Minister Theresa May’s government did not have the power ...

  Dubai / Emirates Business Virtual kiosks, interactive mirrors, and hologram advertisements are among the many ways that GCC retailers are leapfrogging Europe in enhancing the customer experience, industry experts announced. Boosted by strong tourism growth, new and expanded malls and theme parks, and mega-events such as World Expo 2020 and 2022 FIFA World Cup Qatar, GCC retail sales are ...

  Abu Dhabi / Emirates Business ADNOC Distribution has rolled out a promotional campaign titled ‘Oasis of Surprises’, giving away prizes worth a total of AED1 million to customers of ADNOC Oasis convenience stores and ADNOC Oasis 365 grocery stores. Running from December 3 to February 14, 2017, the campaign marks the opening of the UAE’s 200th ADNOC Oasis convenience ...

  Dubai / Emirates Business Homes consume large amounts of energy. Each household has a collection of home appliances and digital services. It has been estimated that 60 to 70 percent of residential and commercial energy consumption in the Gulf countries is used for air conditioning. In a bid to make this aspect of human life more efficient and less ...

  Abu Dhabi / Emirates Business Welcomed by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, and under the patronage of His Majesty King Mohammed VI of Morocco and supported by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and ...

  Bloomberg OPEC’s work isn’t done yet. Oil traders and investors cheered Wednesday’s landmark deal to curtail oil production. But history shows compliance with past accords to be patchy at best. Even if countries stick to their output caps, those that won exemptions could make the collective target all but unreachable if they boost production. The difficulty of monitoring non-OPEC ...

  Bloomberg Brent oil capped its biggest weekly gain since 2009 after OPEC approved its first supply cut in eight years, with attention now shifting to compliance with the deal and how other producers will react to a price rally. Futures closed at the highest in more than a year in London and New York. OPEC’s three largest producers — ...

  Bloomberg No matter where you look in the oil market, key markers watched by traders have been going haywire since Wednesday — and they show little sign of letting up. Whether it’s a futures curve suddenly suggesting concerns that supply is shrinking or record trading of contracts designed to protect against price fluctuations, OPEC’s first output cut in eight ...

  Bloomberg The Japanese company poised to become one of the world’s largest LNG buyers says it shouldn’t need to pay producers to lift restrictions on where it can resell cargoes and that the removal would benefit the whole market, including sellers. Jera Co., a joint venture between Tokyo Electric Power Co. Holdings Inc. and Chubu Electric Power Co. that ...

  Bloomberg US and Brazilian authorities are set to impose $2.5 billion in foreign-corruption penalties on Odebrecht SA, Latin America’s biggest construction company, and an affiliate for violating anti-bribery laws, people familiar with the discussions said. Prosecutors say Odebrecht and the affiliate, Braskem SA, paid officials at Petroleo Brasileiro SA, the state-run oil producer known as Petrobras, to win contracts. ...