News

Abu Dhabi / Emirates Busines Qantas and Emirates welcome the Australian Competition and Consumer Commission’s (ACCC) draft determination that proposes to grant authorisation for their partnership for another five years. The continuation of the joint business, announced in August 2017, will see the airlines deliver expanded services to better leverage each other’s networks, offering travellers improved schedule choice, increased frequent ...

Dubai / Emirates Busines Al Habtoor Motors – Mitsubishi, the official distributor of Japanese automobile giant in UAE brings back one of the biggest and most popular promotions. The ‘Big Bigger Biggest Offer’ which gave customers bigger deals and greater savings on the entire range of Mitsubishi cars is now back by popular demand. Once again, customers now have chances ...

Dubai / Emirates Business SGH Dubai received the certificate of excellence as recognition from JCI for the high level of care provided for AMI patients. JCI surveyors assessed the hospital for a period of two days where they looked at the hospital’s processes, policies and measures, while comparing them to the best practices worldwide. The hospital succeeded to prove excellence ...

Bloomberg Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies like Russia are trying to restrict output and prop up prices. Domestic Nigerian producers are aiming to pump almost 250,000 barrels a day more crude by 2020 as part of a wider plan for the nation to ...

Bloomberg While TransCanada Corp. continues to weigh whether to build its long-delayed Keystone XL oil pipeline, the company announced another major expansion of its natural gas system in Alberta. TransCanada will spend C$2.4 billion ($1.9 billion) to expand its NGTL System, adding 1 billion cubic feet of daily shipping capacity, according to a statement. The company struck binding agreements with ...

Bloomberg SunPower Corp. is willing to sell about $1.4 billion in long-term solar leases to raise $200 million now. The 45,000 contracts stretch out for as long as two decades, generating monthly payments from customers that altogether installed 400 megawatts of rooftop panels. SunPower took a non-cash charge of $474 million in the fourth quarter as a result, the San ...

Bloomberg Oil posted its first weekly increase since last month as rebounding equity markets eased concern about economic growth and a weakening dollar boosted the allure of commodities priced in the US currency. Futures in New York rose 0.6 percent and gained 4.2 percent this week. The greenback touched a three-year low earlier in the day before edging higher, though ...

Bloomberg China said proposed US tariffs on imported steel and aluminium products are groundless and that it reserves the right to retaliate if they are imposed. The US recommendations, unveiled by the Commerce Department, aren’t consistent with the facts, Wang Hejun, chief of the trade remedy and investigation bureau at China’s Ministry of Commerce, said in a statement posted on ...

Bloomberg HNA Group Co., the debt-laden Chinese conglomerate seeking buyers for real estate globally, sold a Manhattan office tower for at least $300 million, according to two people with knowledge of the deal. Northwood Investors LLC, a firm led by John Kukral, bought the 398,892-square-foot (37,058-square-meter) tower at 1180 Avenue of the Americas in Midtown, said the people, who asked ...

Bloomberg Chinese suppliers flooded the US solar market with panels at the end of last year, as customers sought to avoid paying President Donald Trump’s 30 percent import tariff. Fourth-quarter deliveries from China were almost 11 times higher than in the first nine months of 2017, according to a report by Bloomberg New Energy Finance. Manufacturers also hauled panels and ...