Emirates Business In line with its mission to support the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai and help make the UAE the happiest nation in the world, du is partnering with Dubai Opera, the newest, most exciting addition to the emirate’s bustling cultural scene. Over ...

Emirates Business Visitors to Al Montazah Amusement and Waterpark this Eid Al Adha will be able to immerse themselves in an atmosphere that has a distinctly tropical feel. Sharjah’s premier leisure destination has just announced its programme for the public holiday, with the island of Hawaii its central theme. Titled ‘Luau Escapade,’ Al Montazah’s Eid Al Adha programme aims to ...

  Reuters Saudi Electricity Co (SEC) will likely delay the planned expansion of its Jeddah South power plant, but is still expected to start tendering for a plant near Riyadh by the end of the year, industry sources told Reuters. The utility, the Gulf’s largest, faces multiple challenges as it tries to keep up with rampant growth in power demand ...

  Bloomberg Iran will invite international oil companies to submit bids in October under the long-awaited new contract model for energy investors, as the OPEC producer seeks billions of dollars to boost output after years of international sanctions. The government will invite companies to bid to develop the South Azadegan field on Iran’s southwestern border with Iraq during the week ...

  Reuters Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on the semi-autonomous region amid tense talks on sharing oil revenue. Kurdistan has been exporting crude independently via Turkey since mid-2015 after saying Baghdad had failed to respect an oil revenue-sharing deal and transfer enough money to Erbil. Baghdad, which ...

  Bloomberg Saudi Arabia’s National Industrialization Co., known as Tasnee, agreed terms with lenders to refinance around 6 billion riyals ($1.6 billion) of debt at its titanium unit after a slump in commodity prices, according to people with knowledge of the matter. The new debt will have a duration of three years — with the option to extend to five ...

  Bloomberg Dealmaking in Australia’s office market has plunged by the most since the global financial crisis as owners hang on to assets that are among the highest-yielding in the region. Commercial property transactions in Australia fell 57 percent to $7.5 billion in the six months ended June 30 from a year earlier, according to Real Capital Analytics, Inc. That’s ...

  Bloomberg China’s soybean imports are likely to rebound in the fourth quarter as seasonal demand rises and processors in the world’s biggest buyer look to replenish supplies after lower-than-expected sales from state stockpiles, according to industry analysts. Sales from state reserves have totaled just 1.1 million metric tons, compared with expectations for 3 million to 4 million tons, said ...

  Bloomberg India is urging its power producers to look overseas for new markets as fewer new plants are needed at home amid surplus generation capacity. The Indian government is encouraging state-run power producers to build plants overseas, Coal and Power Minister Piyush Goyal said in an interview Saturday. The country is projected to report surplus power supply for the ...

  Bloomberg India’s fastest-growing fuel seller will spend $8 billion over the next five years to help its 60-year-old refineries earn profit margins closer to modern processors such as billionaire Mukesh Ambani’s Reliance Industries Ltd. “You can definitely expect $2 to $3 addition to the refining margin,” Mukesh Kumar Surana, chairman and managing director at Hindustan Petroleum Corp., said in ...