Bloomberg European chocolate lovers are about to get an injection of Japanese culture, as Nestle SA’s green-tea matcha KitKat launches on the continent. The confectionery brand will begin to sell the green chocolate bar in Europe this month, 15 years after it was created in Japan. The blend of imported green-tea matcha powder with cocoa butter and white chocolate will ...
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Siemens, Fortum join Europe’s corporate bond-deal dash
Bloomberg Siemens AG and Fortum Oyj are both offering multipart euro bond deals, adding to a rush of corporate sales this year as companies lock in low borrowing costs before potential market upheavals. German engineering giant Siemens is selling four notes maturing in as many as 20 years, while Finnish power company Fortum is offering three bonds as long as ...
Read More »Twitter unveils new political ads policies
Bloomberg Twitter Inc. plans to introduce extra checks and publish more information around political ads in Europe, stepping up efforts to combat disinformation online amid worries Russia or other actors could try to meddle with European Union elections in May. The EU in late January warned tech companies to intensify efforts to combat disinformation on their platforms ahead of European ...
Read More »UAE Armed Forces inks AED7bn deals at Idex
ABU DHABi / WAM Speaking at a press conference on day two of the International Defence Exhibition and Conference (Idex 2019), and the Naval Defence and Maritime Security Exhibition (Navdex 2019), Brigadier Mohammed Al Hassani, Official Spokesperson of Idex 2019, and Commodore Fahad Nasser Saif Al Thehli, Official Spokesperson of Navdex 2019, announced 24 deals worth AED7,019,428,577. The total value ...
Read More »Tawazun invests AED460mn to buy stake in Russia’s Aurus
ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met on Monday with Russian Industry and Trade Minister Denis Manturov, in presence of President Rustam Minnikhanov of Tatarstan, and later witnessed the signing of an agreement at at the International Defence Exhibition (Idex 2019). Sheikh Abdullah, Manturov and President Minnikhanov ...
Read More »Mubadala Petroleum gets block off Indonesia
ABU DHABI / WAM Mubadala Petroleum announced that it signed the Gross Split Production Sharing Contract (PSC), for South Andaman, as awarded by the Government of Indonesia pursuant to the 2018 Indonesian Third Direct Tender Round. Following the signing, Mubadala Petroleum is now the operator of both the South Andaman and the adjacent Andaman I PSC and a partner in ...
Read More »Saudi to invest $20b in Pakistan
Bloomberg Crown Prince Mohammed bin Salman said his country plans to invest a whopping $20 billion in Pakistan as he began a swing through Asia. The two nations signed memorandums of understanding in the energy and agriculture sectors, including one for a $10 billion oil refinery in southwestern city of Gwadar, where China has helped build a deep water port. ...
Read More »Enoc Group signs deal with Proserv Egypt
Dubai / WAM Enoc Group signed a joint venture (JV), agreement with Proserv Egypt to set up Enoc Misr, its first on-ground operations in the lubricants sector in Egypt. The agreement marks Enoc Group’s physical presence in Egypt as part of its wider plans to expand internationally into key markets, including Africa. Through this joint venture agreement, Enoc Misr will ...
Read More »Oil hits 3-month high on Opec cuts
Bloomberg Oil traded near a three-month high in New York as Organisation of Petroleum Exporting Countries (Opec’s) output curbs tightened global supply while trade talks between the US and China lifted financial markets. Futures rose as much as 1.3 percent to the highest since November 20, after advancing 5.4 percent last week. President Donald Trump said talks with China were ...
Read More »BAE Systems to open MRO facility in Al Ain
ABU DHABI / WAM The Advanced Military Maintenance Repair and Overhaul Centre, LLC., (AMMROC) and BAE Systems’ Electronic Systems signed a Memorandum of Understanding to provide repairs and upgrades to aircraft at a facility in Al Ain under AMMROC. Speaking to the Emirates News Agency (WAM), after the signing on the second day of the Idex 2019, in Abu Dhabi, ...
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