Abu Dhabi / WAM The Emirates Diplomatic Academy (EDA), on Sunday organised the Mena Diplomacy Dialogue, discussing ‘The Role of Gender in Foreign and Security Policy,’ to review the role of gender in addressing the role of women in achieving security and maintaining peace. Dr Nawal Al-Hosany, Deputy Director-General of EDA, said that despite relentless international calls for women to ...
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Summit tackles sustainability challenges facing global community
Dubai / WAM The Sustainable Communities and Climate Change Summit (SCCCS), was held on Sunday, under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, to provide a dedicated platform to discuss major regional and international issues in relation to climate change and other sustainability challenges facing ...
Read More »Indian industry buys Siemens turbines for own wind parks
Bloomberg Siemens Gamesa Renewable Energy SA won 140 megawatts of wind power orders in India from industrial companies building their own parks. Energy-intensive businesses from textile and drug makers to auto companies ordered a total of 70 turbines, the Spanish-German company said. The manufacturers across southern India will link the parks to local grids and tap power as needed. Regional ...
Read More »Explorers crank rig count higher as US oil supplies dwindle
Bloomberg Oil explorers deployed more US rigs this week as increasingly tight crude supplies pushed prices to their highest since 2014. US working oil rigs rose by five this week to 820, the highest since March 2015, according to data from Baker Hughes. Since the end of January, the rig fleet has expanded in all but two weeks. An Energy ...
Read More »A first for Panama canal: Three LNG tankers crossed in a day
Bloomberg Three liquefied natural gas tankers sailed through the Panama Canal on the same day this week, marking a first for the newly expanded waterway and highlighting the booming global gas trade. All three ships — Gaslog Hong Kong, Gaslog Gibraltar and Clean Ocean — entered the canal on a staggered basis from the Pacific side and had completed their ...
Read More »US hints at China truce as world warns on ‘trade war’
Bloomberg US Treasury Secretary Steven Mnuchin said he’s considering a trip to China amid a trade dispute with Beijing that finance chiefs warn could derail the global economic upswing. Mnuchin said he’s “cautiously optimistic†of reaching an agreement with China that bridges their differences over trade. “A trip is under consideration,†Mnuchin told reporters in Washington at the IMF’s spring ...
Read More »Hong Kong currency defense kills fixed-rate mortgage market
Bloomberg Hong Kong’s banks, blindsided by rising funding costs due to the city’s costly defense of its currency peg, are clamping down on popular fixed-rate mortgages. Bank of East Asia Ltd. is no longer accepting applications for these home loans “due to recent movements in interest rates,†the lender said in an emailed reply, more than two months before it ...
Read More »India’s defense ambitions boost metal maker after tepid listing
Bloomberg India’s ambition to build up its defense industry through a $250 billion program has sent shares of a state-owned metalmaker rocketing just days after a lukewarm trading debut. Mishra Dhatu Nigam Ltd., which makes specialty steel and is the country’s only producer of titanium alloys used in aerospace, has seen its market value surge 88 percent to 32 billion ...
Read More »Ping An Good Doctor aims $1.1bn HK IPO
Bloomberg Chinese online healthcare platform Ping An Good Doctor, a unit of the country’s biggest insurer by market value, will start taking investors’ orders for a Hong Kong initial public offering that could raise as much as HK$8.8 billion ($1.1 billion). The Ping An Insurance (Group) Co. subsidiary is offering about 160 million shares at HK$50.80 to HK$54.80 apiece, according ...
Read More »China firms have never been this reliant on foreign revenue
Bloomberg When China released its key economic indicators, the statistics agency was quick to highlight how the country’s domestic consumption had propelled growth in the first quarter, offsetting external risks as trade tensions escalate. Yet for the country’s publicly listed companies, foreign business has never been so important. The percentage of sales that mainland-listed companies get outside their home country ...
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