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Dubai / Emirates Business Emirates has set a new record with over 1 million Wi-Fi connections made on board its flights in March alone. During the month, 1,037,016 Emirates customers connected to the internet during their flight. The connections were mainly made over mobile devices with over 94% of users connecting with a smartphone –twice as many connections were made ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (ENEC), said on Tuesday that it has successfully completed the Reactor Containment Building (RCB), dome for Unit 4, the final unit of the Barakah Nuclear Energy Plant, marking another milestone in the development of the plant, located in the Al Dhafrah region of Abu Dhabi. ENEC also said that the Unit’s ...

Bloomberg The head of China’s largest natural gas importer believes the country’s energy ties with the US are set to deepen, despite trade conflict between the world’s two largest economies that has roiled financial markets. “There is more room for cooperation than confrontation between China and the US,” China National Petroleum Corp. Chairman Wang Yilin said in an interview with ...

Bloomberg Saudi Arabia wants to get oil prices near $80 a barrel to pay for the government’s policy agenda and support the valuation of state energy giant Aramco before an initial public offering. In conversations with OPEC delegates and oil market participants, Saudi officials had been careful to avoid pinpointing an exact price target. Yet people who have spoken to ...

Bloomberg China’s massive build programme to recreate trade routes stretching from Asia to Africa and Europe is gaining momentum. Since President Xi Jinping’s flagship Belt and Road project was announced about five years ago, it gave impetus to billions of dollars of Chinese investment — some of which were already in the pipeline for several years — to build railways, ...

Bloomberg Ant Financial is in talks to raise at least $10 billion in a funding round that could value the Chinese internet giant controlled by Alibaba-founder Jack Ma at $150 billion, according to people familiar with the matter. Singaporean state investment firm Temasek Holdings Pte wants to be the lead investor in the financing for China’s largest internet financial services ...

Bloomberg Chinese President Xi Jinping reiterated pledges to open sectors from banking to auto manufacturing in a speech that also warned against returning to a “Cold War mentality” amid trade disputes with US counterpart Donald Trump. Xi pledged a “new phase of opening up” in his keynote address on Tuesday to the Boao Forum for Asia, China’s answer to Davos. ...

Bloomberg As China plans for tariffs against US soybeans, Canada’s farmers are gearing up to exploit an opening for demand by doubling down on oilseeds. Growers will probably swap out lentils, peas and cereal crops in favour of canola amid higher prices and the US-China tensions, said David Reimann, a market analyst at Cargill Ltd. Plantings could reach 24 million ...

Bloomberg Gold imports by India, the largest market after China, fell by almost half last month, according to a person familiar with the information, even as jewellers prepare for “decent” sales during an auspicious Hindu day. Shipments plunged 47 percent to 64.2 metric tons in March from 121 tons a year earlier, the person said, asking not to be identified ...

Bloomberg While there’s still skepticism that India’s state-run banks will get back into the nation’s sovereign bond market, overseas investors are keen to buy more of the notes after the central bank granted them greater access. India’s high yields and relatively stable currency have spurred Mitsubishi UFJ Kokusai Asset Management to buy more rupee securities, said Tatsuya Higuchi, executive chief ...