Abu Dhabi / Emirates Business Abu Dhabi Art 2016 will continue to present a variety of offerings to the public at Manarat Al Saadiyat, inspiring visitors with intellectual discussions and live performances as part of a diverse arts programme taking place from November 16-19. Held under the patronage of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of …
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Abu Dhabi / Emirates Business International Petroleum Investment Company (‘IPIC’ or ‘the Group’), wholly-owned by the Government of the Emirate of Abu Dhabi, recorded an operating profit of US$ 1.43 billion for the first half of 2016, with its core energy investments producing a robust performance despite the lower oil price environment. IPIC, which invests across the energy value …
Read More »Dubai / Emirates Business As a part of its ongoing commitment to environment, health and safety (EHS), Emirates National Oil Company (ENOC) as a socially responsible organization has taken additional safety measures by installing bollards in front of all facilities across its service station network in UAE to protect customers, staff and assets. In an effort to reduce the …
Read More »Dubai / Emirates Business In its efforts to continue engaging with customers through various channels, Mashreq, the UAE’s leading financial institution will be engaging with customers and the public through a LIVE Facebook session on November 17 at 6 pm to answer any queries about the property market such as when is a good time to buy and what …
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Sharjah / Emirates Business Fifty percent of the AED 100 million renovation project, Al Bait Hotel in Sharjah, has been developed, as announced by the Sharjah Investment and Development Authority (Shurooq). The new hotel, which is expected to be a prestigious hospitality and heritage landmark located in the Heart of Sharjah – the largest heritage-focused project in the region, …
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DUBAI / Emirates Business The digital age has drastically altered how businesses market their products. Thanks to the meteoric rise of digital solutions, marketing has now emerged as a more powerful and a resource-rich function of business. Marketing, now more than ever, is the most integral function responsible for creating and sustaining an enduring relationship with the most important …
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Bloomberg Siemens AG Chief Executive Officer Joe Kaeser said he expects revenue from Saudi Arabia to reach $5 billion by 2020 as Europe’s biggest engineering company focuses on energy projects and emerging markets. The first orders from Saudi Arabia are expected in the 2017 fiscal year, bolstered by spending on alternative energy sources like wind farms, Kaeser said in …
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Bloomberg Shenhua Group Corp., China’s biggest coal producer, is seeking to limit sales of the fuel to end-users and choke off supplies to traders amid government pressure on the nation’s major miners to cool surging prices. The Beijing-based company has changed its thermal coal sales policy to limit how much trading companies can buy and allow some sales to …
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Bloomberg Wesfarmers Ltd., the Australian retail-to-fertilizer conglomer- ate, has kicked off a sale process for its two coal mines in the country after prices for the commodity soared this year, according to people with knowledge of the matter. The Perth-based company has sent preliminary information on the Curragh and Bengalla mines to potential buyers ahead of calling for bids, …
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Bloomberg Cotton supplies at Indian markets dropped by more than half after Prime Minister Narendra Modi’s surprise move to withdraw and replace high-denomination banknotes. Prices have already climbed about 4 percent as farmers withhold supplies, Aurobinda Gayan, vice president for research at trader Kotak Commodity Services Ltd., said in an interview on Tuesday. They may climb further through early …
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