News

NEW DELHI / WAM The UAE will participate in the ‘Vibrant Gujarat Global Summit’, which will be held in the Indian state of Gujarat from January 18-20, 2019. The UAE will participate as a partner country for the second consecutive year. Dr. Ahmed Abdul Rahman Al Banna, UAE Ambassador to India, said that the UAE will participate in the summit ...

Dubai / Emirates Business Arab Health, the largest exhibition for healthcare and trade professionals in the Mena region, has announced that more than $778 million worth of business was generated by exhibitors during the 2018 edition of the show. This figure is in line with Alpen Capital’s projections that GCC healthcare spend will reach $104.6 billion in 2022 from an ...

Bloomberg It may not just be OPEC that’s weighing whether to cut oil production. The pipeline bottlenecks that have strangled Canadian crude prices have at least one major energy producer calling for oil-rich Alberta to mandate output reductions. Oil-sands producer Cenovus Energy Inc. says the province already has legislation on the books that would allow it to require all drillers ...

Bloomberg Embattled commodity trader Noble Group Ltd — which is pushing towards the final stages of a complex $3.5 billion debt-for-equity restructuring — reported another quarterly loss, with the result driven by costs from the revamp as well as getting caught out in the LNG market. The energy segment, which consists of liquefied natural gas, coal and oil liquids in ...

Bloomberg Asian nations gave up hopes of completing a 16-nation trade bloc this year, with Chinese and Australian officials now looking to finalise the deal in 2019. Singapore, which is chairing the 10-member Association of Southeast Asian Nations this year, had pushed for a substantial conclusion to the agreement this year. Known as the Regional Comprehensive Economic Partnership, or RCEP, ...

Bloomberg Facebook Inc. stood its ground after Singapore called the social media giant unreliable for declining a request to remove a post, which the government had said was false and defamatory. “We have a responsibility to handle any government request to restrict alleged misinformation carefully and thoughtfully, consistent with our approach to government requests around the world,” Facebook said in ...

Bloomberg PT Semen Indonesia, the country’s top cement maker, is acquiring LafargeHolcim Ltd.’s local business in a deal valuing the unit at about $1.75 billion including debt. LafargeHolcim agreed to sell its entire holding in PT Holcim Indonesia as part of a continuing review of its portfolio, according to a statement. Semen Indonesia will conduct a tender offer for remaining ...

Bloomberg Amid a banner year for Hong Kong listings, cracks are starting to show in the world’s biggest market for initial public offerings. A parenting website part-owned by Alibaba Group Holding Ltd. delayed the launch of its Hong Kong IPO, while one of China’s top travel-booking sites started taking orders for an offering in the city that’s a fraction of ...

Bloomberg India’s first inland voyage by a container ship since it gained independence from Britain 70 years ago ended when the vessel docked in the holy city of Varanasi today, a development officials hope will help shift cargo from the country’s congested road and rail networks. The 1,390 kilometres Ganga watercourse is one of the 111 waterways spanning 20,276 kilometres ...

Bloomberg California utilities are facing the very real possibility that billion-dollar blazes could become an annual occurrence, and they don’t know how to pay for them. Shares of the state’s two largest utilities plummeted after both PG&E Corp. and Edison International released reports suggesting their equipment may have started the deadly fires now burning at both ends of the state. ...