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DUBAI / Emirates Business The value of announced deals with disclosed value in the Mena region increased by 105% to $10 billion (AED36.7 billion) in third quarter of 2018 from $4.9 billion in the same period last year, according to the EY Q3 Mena M&A report. Deal value remained consistent year-on-year. As many as 107 deals were announced in Q3 ...

Dubai / WAM Dubai Investments announced that it has expanded its healthcare portfolio with a 20 percent stake in an equity part- nership in the AED465 million Clemenceau Medical Centre, a new development which will offer specialty care across multiple disciplines in Dubai Healthcare City Phase 2. The equity partnership with Khansaheb Investments (55%) and CMC SAL (25%) is the ...

Dubai / Emirates Business Small and medium-sized enterprises (SMEs) are playing a vital role in expanding trade ties between the UAE and Caribbean region, according to the heads of chambers of commerce who spoke at the inaugural UAE-Caribbean Coopera- tion Forum in Dubai. During the forum, a panel discussion titled ‘the role of the private sector in building a connected and ...

Bloomberg Venezuela’s fuel shortages are worsening as mass resignations at the state oil company’s tanker fleet have delayed gasoline shipments. Petroleos de Venezuela SA’s refineries are running at less than a quarter of their capacity, forcing the country to rely on imported gasoline. Once the cargoes are unloaded at import docks, smaller ships distribute fuel to terminals along the coast, ...

Bloomberg The UK might fail to honour commitments relating to emergency fuel stockpiles as its exit from the European Union approaches, a trade group representing the nation’s oil refiners said. Europe manages its fuel inventories as a bloc, so part of the UK’s emergency stocks can be held in other member states. In some cases, the fuels are held by ...

Bloomberg Equatorial Guinea has banned oil-services company Subsea 7 SA from operating in the central African nation over local content rules, according to a person familiar with the situation. TechnipFMC Plc and Schlumberger Ltd have resolved all issues to do with local content, said the person, requesting anonymity because the information is not public. The Opec member considered the exclusion ...

Bloomberg The sudden downfall of Carlos Ghosn looks set to unleash a power struggle between Renault SA and Nissan Motor Co. over the alliance he oversaw for two decades. While both sides say they’re committed to the partnership, they’re already prepping for a battle over control of the world’s biggest car alliance, people familiar with their discussions said. And with ...

Bloomberg Tyson Foods Inc. is among the five firms still in the running for Asian and European chicken plants owned by BRF SA, people with direct knowledge said, asking not to be named because talks are private. Both Springdale, Arkansas-based Tyson and Sao Paulo-based BRF declined to comment. Binding offers for Thai poultry processor Golden Foods Siam and assets in ...

Bloomberg Malaysian financier Low Taek Jho’s appearance at a 1MDB board meeting was scrubbed from a government’s audit report on the troubled state firm, the auditor general said. The removal was done at the request of the then-principal secretary to former Prime Minister Najib Razak, a week before the document was presented to a select parliamentary committee in March 2016, ...

Bloomberg Online shopping in Singapore is lackluster even after Amazon Inc. debuted its Prime service in mid-2017. The island’s malls are trying hard to keep it that way. With some of the nation’s biggest mall operators reporting falling rents and rising vacancies, landlords, just like those elsewhere in Asia and the US, are being forced to reposition. They’re making room ...