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DUBAI / Emirates Business Al Ahli Holding Group (AAHG), the multi-diversified international conglomerate, unveiled the first edition of Women for Business, a multicultural CSR program designed by AAHG, in partnership with Union National Bank and La Rochelle Education Group, France to promote Emirati women entrepreneurs. The program commemorates the Year of Zayed initiative honouring the UAE founding father’s vision, achievements ...

Sharjah/ WAM The Sharjah Museums Authority signed a partnership agreement with the Barjeel Art Foundation to present a collection of works of fine art created by contemporary Arab artists from the Barjeel Art Foundation’s collection, over the next five years. The agreement was signed by Sheikh Sultan Saud Al Qasimi, founder and owner of the Barjeel Art Foundation, and Manal ...

Bloomberg Just as the US throws up new barriers to cross-border commerce, its largest trading partner China is redoubling its efforts to seal free-trade agreements. From deals with blocs including the Association of Southeast Asian Nations to bilaterals with tiny countries like the Maldives, China’s FTAs already cover 21 countries. That compares with the 20 countries covered by US agreements. ...

Bloomberg SoftBank Group Corp. is in talks to back leading online insurance aggregator PolicyBazaar at a valuation of at least $800 million, according to people familiar with the matter. The two sides are examining how the Japanese company can take a stake without pushing foreign investment in PolicyBazaar above 49 percent, the limit under India’s regulatory policies, said one of ...

Bloomberg One of China’s top smartphone makers is targeting Japan for its next conquest. Oppo, which vanquished Apple Inc. and Xiaomi Corp. in just a few years to become No. 2 in its home market, will introduce its flagship R11s model next month, Deng Yuchen, chief of Japan operations, said. Oppo is aiming to reach a market position that matches ...

Bloomberg After a 3,985 percent rally since its 2008 listing, V-Guard Industries Ltd. that has evolved into one of India’s leading consumer-durable companies has found its next big growth plan: Internet of Things (IOT). The company, which started 40 years ago with a mere 100,000 rupees, now has products ranging from food mixers to fans and is betting that rising ...

Bloomberg Saudi Aramco’s trading unit started swapping the kingdom’s crude oil for products refined in other countries, allowing the company to tap new markets, according to its chief executive officer. The company has supplied crude to refiners in the Mediterranean region and gotten fuel in return, Ibrahim Al-Buainain, chief executive officer of Saudi Aramco Products Trading Co., said by phone. ...

DAVOS / Reuters US Energy Secretary Rick Perry told oil super-powers Russia and Saudi Arabia he believed US shale oil boom would not become a spoiler for oil markets because new production would be absorbed by fast rising global demand. Perry, a former governor of Texas, the heartland of the US shale oil boom, was speaking at a rare joint ...

BEIJING / Reuters Russia held firm as China’s top crude oil supplier in December for the 10th month and racked up its second year as the largest supplier in 2017, customs data showed, leaving rival exporter Saudi Arabia in second place on both fronts. Exports from Russia hit 5.03 million tonnes in December, down 0.2 percent from a year earlier, ...

Bloomberg Oil just got an extra tailwind from a weakening dollar as this month is shaping up to be the best January for black gold in 12 years. That’s because when the greenback is losing value, investors tend to flock to commodities as a store of value, and this is coming on the back of a record streak of declines ...