News

Dubai / WAM The Food and Environment Laboratories Section in the Dubai Central Laboratory (DCL) of Dubai Municipality has developed and launched a new screening service for genetically modified food items to ensure that the product conforms to the description on the label. The test is being done using Real-Time Polymerase Chain Reaction, a technique with precision. Tests are conducted ...

Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) has revealed that it participated in the worldwide celebrations of Global Exhibitions Day (GED) on June 6, highlighting the strategic importance of the MICE industry to the growth of world economies. The GED initiative, which began in 2016, has seen an ever-growing number of participants and is actively supported by ...

DUBAI / Emirates Business Emirates SkyCargo, the freight division of Emirates, is gearing up to facilitate more trade between the UK and the rest of the world by adding London Stansted and Edinburgh to its global network of over 155 destinations. London Stansted and Edinburgh will be Emirates SkyCargo’s seventh and eighth destinations in the UK. Emirates SkyCargo will be ...

Bloomberg BHP Billiton Ltd. has received first-round bids for its US shale portfolio from oil majors including BP Plc and Chevron Corp., valuing the unit at $7 billion to $9 billion, people familiar with the matter said. Royal Dutch Shell Plc, partnering with private equity firm Blackstone Group LP, also submitted a bid for the entire unit late in May, ...

Bloomberg A tentative deal to revamp US biofuel policy appeared to collapse when the White House indefinitely delayed an expected announcement of the planned changes, according to three people familiar with the move. The postponement of a directive outlining the deal may mark the end of the latest effort to overhaul the American renewable fuel mandate with an eye on ...

Bloomberg Repsol SA, Spain’s largest oil producer, plans to raise dividends and investments over the next two years on a bet that crude will remain above $50 a barrel. The scrip dividend — a payout to shareholders in stock — will climb to 1 euro in 2020 from a planned 90 euro cents this year, according to a strategy update ...

Bloomberg The US and China continued to haggle over the shape of a deal to fend off an impending trade war, with China offering to boost purchases of American goods and the US finalising a deal to allow China’s ZTE Corp. to resume purchases from American suppliers. Ahead of a mid-June deadline for imposing tariffs on Chinese imports, China has ...

Bloomberg Thailand’s Minor International Pcl said it would bid to acquire all of NH Hotel Group SA after agreeing to buy HNA Group Co.’s stake in the Spanish hospitality chain. Minor’s shares climbed the most since 2016. The Bangkok-based company will make a tender offer worth as much as 1.64 billion euros ($1.92 billion) for the 65 percent of NH ...

Bloomberg China has detained 245 people after a nationwide raid of gangs suspected of illegally selling more than 2.4 million metric tons of steel scrap to buyers across Southeast Asia. Chinese authorities carried out multiple raids starting after an investigation into unusual activity unearthed a network that was shipping scrap without fully paying the 40 percent export duty, the General ...

Bloomberg China Fishery Group Ltd.’s bankruptcy case enters its second anniversary this month with no resolution in sight as a key auction of its fishing assets in Peru stalls. It may have better luck selling its corporate memberships in the famed 129-year old Hong Kong Golf Club. Membership No. 1024 and 1031 are being put up for sale to maintain ...