News

DUBAI / Emirates Business Dubai Land Department (DLD) has successfully participated at MIPIM, the world’s leading international real estate conference, which was held at the Cannes Festival Palace in Cannes, France. DLD held several successful meetings with the exhibition organisers to discuss future cooperation and DLD’s continued participation over the coming years. The conference was an opportunity for DLD’s delegation ...

Dubai / Emirates Business Dubai Industrial Park (DI), the industrial district within Dubai Wholesale City (DWSC), announced that Al Fares International Group (Al Fares), a leading UAE-based supplier of tents and mobile structures, is the latest entity to join DI’s community of business partners. In addition to locating its headquarters at DI, Al Fares is also launching a central warehouse ...

DUBAI / WAM The Dubai Roads and Transport Authority (RTA), in partnership with Network International introduced a new service enabling the payment of taxi fares in Dubai via Samsung Pay and Apple Pay apps on smartphones. Payment in cash or by credit cards will remain in place as well. The new service is part of the ‘Smart City’ initiative of ...

Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, congratulates the second tranche of UAE nationals who have graduated from its Emirati program, facilitated by the Emirates Institute of Banking and Financial Studies (EIBFS). ADNIC enrolled all recruits in an intensive development program at EIBFS designed ...

Bloomberg US President Donald Trump may be helping to revive Canada’s dream of a liquefied natural gas export industry to supply growing markets in Asia. The tariffs Trump formally ordered against $50 billion in Chinese goods threaten to raise construction costs for LNG projects in Texas and Louisiana, providing a leg up to rival projects on Canada’s Pacific Coast. With ...

Bloomberg China Petroleum & Chemical Corp., the world’s biggest refiner, will pay a record-high dividend as its massive fuels and chemical segments helped it post a nearly 10 percent increase in full-year profit. Net income climbed to 51.2 billion yuan ($8.1 billion), the company known as Sinopec said in a statement to the Shanghai stock exchange on Sunday. The company ...

Bloomberg Alberta is looking beyond its oil industry as it works to end years of red ink. Still, a recovery to balanced budgets is a long ways off. Canada’s top oil-producing province projected a narrower budget deficit next year, despite declining revenue from non-renewable resources. Wh-ile it expects that revenue stream to rebound in future years, by the time the ...

Bloomberg America’s first exporter of liquefied natural gas from shale is awaiting a federal ruling on whether it can restart storage tanks it was forced to shut after a leak. Regulators ordered Cheniere Energy Inc. to take two of the five tanks at its Sabine Pass LNG export terminal in Louisiana out of service last month, citing a potentially “serious ...

Bloomberg President Donald Trump’s move to slap tariffs on at least $50 billion in Chinese imports is likely to be bad news for many of China’s exporters—as well as Americans who like Guess jeans or Nike sneakers. A vast amount of items used by US consumers—from Under Armour leggings to Bath & Body Works shower gel and Samsonite luggage—are sourced ...

Bloomberg Uber Technologies Inc. has reached an agreement to sell its Southeast Asian ride-hailing business to rival Grab and could announce the deal as early as Monday morning in Singapore, people familiar with the matter said. The agreement—which includes all of Uber’s operations in Southeast Asia as well as Uber Eats in the region—gives Uber a stake of between 25 ...