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Dubai / WAM Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, on Tuesday officially inaugurated the Middle East region’s premier B2B event for the natural stone, marble and ceramics industry. Welcoming recognised industry brand names from around the world, Dr Thani Al-Zeyoudi toured the exhibition and met many company representatives who have gathered in Dubai for the ...

Bloomberg Europe’s strategic energy reserves shouldn’t be all about oil. As natural gas gains ground in the global energy transition, the cleanest fossil fuel should be allowed to replace some compulsory crude and oil product storage, according to Thierry Bros, a senior research fellow at the Oxford Institute for Energy Studies (OIES). That would help the region use some of ...

Bloomberg PVR Ltd., India’s largest movie exhibitor, is seeking growth opportunities overseas after sealing a deal to acquire a local cinema chain. The company’s “big focus” is to look at Saudi Arabia, while it’s also planning projects in Dubai, Chief Financial Officer Nitin Sood said in a telephone interview. PVR also expects to open a nine-screen multiplex in Sri Lanka’s ...

Bloomberg South Africa’s Solidarity labour union plans to escalate a strike at energy and chemicals company Sasol Ltd. from September 6 over the exclusion of white staff from an employee-shareholding plan, deputy General-Secretary Deon Reyneke said. Members of the union began protests including a so-called go-slow at the company on September 3, Reyneke said. The full strike later this week ...

Bloomberg China is exploring a merger between two of the nation’s three wireless carriers to speed up the development of 5G mobile services amid a race with the US over the technology, according to people familiar with the matter. The country’s top leaders are reviewing a proposal to combine China United Network Communications Group Co. and China Telecommunications Corp. but ...

Bloomberg Meituan Dianping started taking orders for a Hong Kong initial public offering that could raise as much as $4.4 billion as it warned there was no guarantee it would ever become profitable. The restaurant review and delivery giant backed by Tencent Holdings Ltd. is offering 480.27 million new Class B shares at HK$60 to HK$72 apiece, according to terms ...

Bloomberg Suzuki Motor Corp., the Japanese manufacturer known for its minicars, exited China as consumers in the world’s biggest auto market shifted purchases to larger sedans and sport utility vehicles. Suzuki agreed to transfer its 50 percent stake in Changan Suzuki — its last remaining Chinese venture — to Chongqing Changan Automobile Co. as soon as legal proceedings are completed, ...

Bloomberg Typhoon Jebi swept through western Japan on Tuesday as the strongest tropical cyclone to come ashore in 25 years, causing widespread power outages and flooding the region’s main airport. One person was reported killed. The storm paralysed the country’s second-largest population center around Osaka, with companies forced to temporarily close their plants, and power cut to more than 800,000 ...

Bloomberg In a move aimed at cutting tax evasion, China will start exchanging information on residents’ financial investments with about 100 other countries from this month. The information exchange will give tax officials a better view of Chinese residents’ overseas financial investments and earnings. The change is part of the Common Reporting Standard, a global agreement on sharing tax data ...

Bloomberg The US-China trade war threatens to make September a very slow month at ED Opto Electrical Lighting Co.’s auto-parts factory in the eastern Chinese city of Zhenjiang. With President Donald Trump slapping tariffs on items like car gaskets and ignition wiring sets in July, American buyers of the company’s LED car lights pushed hard over the summer to get ...