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Abu Dhabi / Emirates Business Eagle Hills Abu Dhabi, the private real estate investment and development company, on Tuesday unveiled its new state-of-the-art sales centre located on the 12th floor of Capital Gate Abu Dhabi. The interactive facility features a huge touch-enabled screen designed to serve more than one customer at a time. In addition to providing useful information on ...

Sharjah / Emirates Business Sharjah Investment and Development Authority (Shurooq) signed a partnership agreement with Diamond Developers, a leading Dubai-based company specialised in developing sustainable environmental projects, to deliver a large mixed-used project in Sharjah. The implementation of the green project aligns with Shurooq’s vision to strengthen strategic partnerships with the private sector, giving a strong boost to the drive ...

DUBAI / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) highlighted Dubai’s growing popularity as a global cruise destination viable for pre-cruise and post-cruise stopovers and an apt homeport in the region at the Seatrade Cruise Global in Florida, USA, a leading event for the cruise industry. Dubai Tourism exhibited under the Cruise Arabia banner, bringing together ...

Bloomberg Saudi Arabia’s exports of diesel and gasoline soared to a record in January, underscoring a big advantage the world’s largest oil exporter has over other producers who’re more dependent on shipments of lower-value crude. While the kingdom kept crude output below an OPEC-agreed cap, its shipments of diesel, gasoline and other fuels surged by 27 percent to a record ...

Bloomberg India is poised to lift its domestic natural gas price to the highest in at least two years, boosting earnings of producers like Oil and Natural Gas Corp., according to a survey of analysts and industry participants. The federal government will increase the price to $3.2 per million British thermal units for April to September, almost 11 percent more ...

Bloomberg Oil climbed to a two-week high as investors weighed record compliance to output curbs by OPEC and its allies against expanding US supplies and a broader selloff in risk assets. Futures in New York rose as much as 1.1 percent after dropping for the first time in four sessions. While US crude inventories are forecast to have grown by ...

Bloomberg China made further promises to protect the intellectual property of foreigners investing in its economy, addressing a long-standing grievance as US President Donald Trump plans new tariffs aimed at Beijing. Speaking at the end of the annual National People’s Congress, Premier Li Keqiang said that China wants to avoid a trade war and that the government plans to further ...

Bloomberg UltraTech Cement Ltd. has signed an “in-principle” pact with Binani Industries Ltd. to buy its holdings of a distressed unit as India’s largest cement maker attempts to beat out a Bain-backed consortium, which earlier made the winning bid in ongoing bankruptcy proceedings. UltraTech, controlled by billionaire Kumar Mangalam Birla, said it had agreed to pay 72.7 billion rupees ($1.1 ...

Bloomberg State Bank of India, the country’s largest lender, has approached the apex court to challenge decisions that halted the sale of assets by Anil Ambani’s indebted telecom unit, which is seeking to pare a $7 billion debt pile. The state-run bank is seeking to revoke a high court order as well as one from a bankruptcy tribunal in a ...

Bloomberg A Hyundai Motor Co. executive called for caution in the development of autonomous cars after an Uber Technologies Inc. self-driving vehicle struck and killed a woman in Arizona. “We don’t know other carmakers’ standards on autonomous cars, but ours are not lax,” Yoon Sung-hoon, head of Hyundai’s mid-large vehicle project, said at the sidelines of a Seoul event. Hyundai ...