Dubai / Emirates Business Birzeit University, in a ceremony held under the patronage and in the presence of His Highness Sheikh Nahyan bin Mubarak Al Nahyan, the UAE Minister of Tolerance, who has conferred the Doctorate Honoris Causa to the Palestinian – Emarati businessman Riad T Al Sadek, for his great efforts in the social and economic development of the ...
Read More »News
MAG LD appoints enabling contractor for AED550 million MAG 318 project
Dubai / Emirates Business MAG Lifestyle Development (MAG LD), the development arm of MAG Group, is making strong progress at MAG 318, where Dutch Foundation has been appointed as the enabling contractor. Construction is continuing as planned and Dutch Foundation has received its shoring permit, with mobilisation scheduled to start very soon. The AED 550 million project is well on ...
Read More »Dubai Culture announces SIKKA Art Fair line-up
Dubai / WAM The Dubai Culture and Arts Authority, Dubai Culture, has announced its line-up of artists for the eighth edition of the SIKKA Art Fair 2018. Held under the patronage of HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Vice Chairman of Dubai Culture, SIKKA will take place from March 17-26 at Al Fahidi Historical Neighbourhood. The judging ...
Read More »Europe warned of gas crunch without import from Russia
LONDON / Reuters Europe will face a gas shortage and price spike as soon as the next decade if it doesn’t decide quickly to boost imports from Russia as gas purchases from the United States fail to match demand, Kremlin energy giant Gazprom told Reuters. The Trump administration has said it intends to level the playing field in energy markets ...
Read More »Iraq seeks $100bn foreign investment
BAGHDAD / Reuters Iraq seeks around $100 billion in foreign investment in transport, energy and agriculture as part of a plan to rebuild parts of the country and revive the economy after a three-year war on IS. The government’s National Investment Commission published a list of 157 projects it will seek investment for at an International Conference for Reconstruction of ...
Read More »India’s Modi pledges $40mn for Palestine’s economic development
Bloomberg Narendra Modi pledged $40 million for economic development in the Palestinian territories, marking the first-ever visit by an Indian prime minister to the West Bank. “We discussed regional and global developments that have a role in peace in the world and in the region,†Modi said on Saturday in Ramallah, where he appeared alongside Palestinian Authority President Mahmoud Abbas. ...
Read More »Top Japanese Wagyu exporter sees sales surging 16 percent to record
Bloomberg Itoham Foods Inc. the biggest exporter of Japan’s premium Wagyu beef, expects shipments to climb to a record as demand from Taiwan is set to triple and exports to Brazil may begin. The unit of Itoham Yonekyu Holdings Inc. predicts exports may increase to 2.9 billion yen ($26.6 million) in the year starting April 1 from 2.5 billion yen, ...
Read More »Vingroup plans $1bn residential spinoff
Bloomberg Vingroup JSC, Vietnam’s biggest property company by market value, is planning a spinoff of its luxury residential arm that could raise as much as $1 billion, people with knowledge of the matter said. The company’s Vinhomes unit, which offers serviced apartments and villas to residents in the country’s biggest cities, could sell shares as soon as the first half ...
Read More »Shrinking gems headache for diamond industry
Bloomberg The diamond industry has a size problem. Instead of splashing out on a ring or necklace featuring one big, bright diamond, shoppers are increasingly choosing pieces with several, smaller gems, which are often lower quality. And selling jewelry with smaller stones has been a good way for retailers to save money. As a result, the diamond content in jewelry ...
Read More »India’s wheat imports to surge to 40 percent
Bloomberg India’s wheat imports are set to surge as lower plantings and poor rain threaten output in the world’s biggest grower after China. Imports may total 3.5 million metric tons in the year from April 1, according analysts. That compares with the U.S. Department of Agriculture’s estimate of 2.5 million tons for 2017-18. Output is seen falling to a three-year ...
Read More »