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DUBAI / WAM Enoc Group has opened a new service station in Al Barsha, a densely populated area in Dubai – as part of its expansion plans aimed at building 54 new service stations by 2020. Commenting on the announcement, Saif Humaid Al Falasi, Group CEO of ENOC, said, “The new service station in Al Barsha underlines our commitment to ...

DUBAI / Emirates Business Emirates and its partner airline flydubai announced on Monday that flights between Dubai and Zagreb in Croatia will be operated by flydubai from December 2 to March 30, 2019 after which flights will be operated by Emirates. The move will ensure that capacity is deployed to best serve customer demand by maximising the frequency for passengers ...

Bloomberg The booming market for liquefied natural gas can weather an escalating US-China trade war. But the risks are mounting. So far, LNG has been left off the growing list of tit-for-tat tariffs. If that changes, prices will rise and deter buyers just when new markets for the fuel are opening up, according to Paul Wogan, the chief executive officer ...

Bloomberg India’s plan to cut imports of Chinese solar cells and modules by imposing a safeguard duty may have the opposite effect in the short run, according to ICBC International Research Ltd. Stockpiles could rise rapidly as Indian developers hoard more modules before the proposal to impose a 25 percent safeguard tariff is expected to take effect in the next ...

Bloomberg India’s move to slash levies on more than 50 goods will lower revenue by as much as $2.2 billion each year and is raising the prospect of the country missing budget goals again this year. A panel of federal and state finance ministers cut the goods and services tax on items from washing machines and lithium ion batteries to ...

Bloomberg Megvii Inc., the Chinese developer of facial recognition system Face++, is said to be raising at least $600 million from investors including Alibaba Group Holding Ltd. and Boyu Capital, according to people familiar with the matter. The Beijing-based company, which already counts billionaire Jack Ma’s Ant Financial and one of China’s largest state-backed venture funds as investors, will close ...

Bloomberg Philippine President Rodrigo Duterte called on lawmakers to pass legislation that will help cool the fastest inflation in five years and spread wealth and power beyond the capital region. In his annual address to Congress, Duterte asked both chambers to prioritise the measure that will remove caps on rice imports to augment supply and cut the price by as ...

Bloomberg China’s battle to cut notorious air-pollution levels is hurting sales of air purifiers by Royal Philips NV. Revenue from the machines that capture harmful fine particles in homes dropped by a high-single-digit amount in China, in the second quarter, the Dutch maker of hospital scanners and medical gear said in a statement. That left distributors scrambling to adjust inventories. ...

Bloomberg Senegal’s decision to become the first African country on the Atlantic coast to sign up to the Belt and Road Initiative shows how quickly the transport network project connecting China by land and sea to Asia, the Middle East, Europe and Africa is expanding. Lending by China to Africa rose to about $12 billion in 2015 from little more ...

Bloomberg A deadly heat wave across Asia is stretching electricity grids from southern China up to Tokyo and Seoul, sending prices to multiyear highs and sparking warnings of more power stress to come. Japan breached records above 41 degrees Celsius (106 Fahrenheit) as the heat that’s been blamed for at least 15 deaths this month pushed electricity rates to the ...