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Bloomberg The largest Persian Gulf producer that’s not an Opec member is combining state-run oil investment and refining companies to form a business that spans pumping crude and natural gas to processing and trading fuels. Government-owned Oman Oil Co and Oman Oil Refineries & Petroleum Industries Co (Orpic) named Musab Abdullah Al Mahruqi as chief executive officer of the merged ...

Conakry / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has financed the construction of the $1.5 million Mobile Training Unit. Aiming to enhance the employability of young Guineans in Boke, one of the country’s resource-rich provinces, the Mobile Training Unit falls in-line with the national priorities outlined by the Guinean government. ...

Dubai / Emirates Business The largest construction event in the Middle East, The Big 5, returns with a brand new look and mission to the Dubai World Trade Centre (DWTC) from November 26-29. Under the theme “Shaping the Future of Construction”, the 39th edition of The Big 5 will introduce never seen before technologies and innovative solutions, organisers dmg events ...

Los Angeles / Emirates Business dnata, one of the world’s largest air services providers, continues to expand in the United States. The company has launched operations at Los Angeles International Airport and now provides quality and reliable ground handling and cargo services at 20 airports in the country. To establish operations in Los Angeles, dnata has invested $8 million in ...

Dubai / Emirates Business As part of its efforts to provide modern services and ensure customer satisfaction, Dubai Land Department (DLD) announced a new development through the completion of ‘The Development Initiative’ for the lease self-registration service by adding new services to the Ejari smart application. Sultan Butti bin Mejren, Director General of DLD, said: “This step is important in ...

SHARJAH / WAM Over 500 business leaders and 30 industry experts, chief executives and decision-makers representing the region and the world will lead discussions at the fourth Sharjah FDI Forum. Taking place on December 10-11 in Sharjah, under the theme, ‘Shaping the Future of Economies’, the Forum will see global experts cover corporate investment strategies, expansion opportunities, and explore the ...

Bloomberg Despite strong incentives in the Republican tax plan for American executives to expand, invest and ultimately boost the US economy’s growth potential, a lot of the debt companies are issuing appears to be motivated by something else. Non-financial corporate debt stands at 45.6 percent of gross domestic product, near the highest in post-war record keeping. Despite that, non-residential investment ...

Bloomberg PG&E Corp may be poised for further volatility on Monday after disclosing a second power-line failure on the morning that California’s deadliest fire began. A circuit in Concow, Butte County, failed at about 6:45 am on November 8, the utility said in a filing to the state’s Public Utilities Commission. The California Department of Forestry and Fire Protection, known ...

Bloomberg The former chief executive officer of Intel Corp who was ousted over an inappropriate relationship with an employee has accepted a marginal pay cut to join CDK Global Inc, a much smaller company that provides software to the auto industry. Brian Krzanich was named CEO and a member of the board. He’ll succeed Brian MacDonald, who had been leading ...

Bloomberg The UK government has drawn up a package of reforms to improve the way public services are outsourced, after construction firm Carillion Plc became one of the biggest corporate casualties in British history this year. Outsourcing firms, including Serco Group Plc and Capita Plc, will issue “living wills” over the coming weeks, Cabinet Office Minister David Lidington plans to ...