News

DUBAI / Emirates Business Dr Reem Othman, CEO at Saudi German Hospital-Dubai, (SGH) has won the award of the International Medical Care Organization based in London, UK. She received the awarded certificate at a ceremony held in London on November 9, in the presence of a large crowd of medical tourism sector enthusiasts in Europe and the Arab world. Dr ...

Abu Dhabi / Emirates Business Etihad Airways’ flights to and from Switzerland will become an all-Boeing 787 Dreamliner operation with the aircraft being deployed on the Abu Dhabi – Geneva route, effective March 25, 2018. The Dreamliner flights to Geneva will complement the airline’s existing 787 Dreamliner scheduled services connecting Abu Dhabi and Zurich, becoming the fifth European city to ...

DUBAI / Emirates Business Bentley is showcasing a highly exclusive coach-built model, the Grand Convertible by Mulliner, at a private customer event at Bentley Emirates, Dubai. With just 19 examples of this luxurious open-top Grand Tourer available to order from Bentley’s coachbuilding and personal commissioning division, Mulliner, its collectability and rarity are guaranteed. Breathtaking yet understated, and fashioned entirely by ...

DUBAI / Emirates Business Real-time data captured from the field and conveyed to the cloud via sensors and analytical engines can impact the profitability of entire oil and gas (O&G) businesses. Building around this concept, Schneider Electric, the global specialist in energy management and automation, marks its seventh outing at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2017. ...

HOUSTON / DUBAI / Reuters As Venezuela’s dilapidated energy sector struggles to pump enough crude oil to meet the country’s OPEC output target, rival producers within the exporters group have started to plug the gap, OPEC and industry sources said. The South American country’s oil output hit a 28-year low in October as state-owned oil giant PDVSA struggled to find ...

Bloomberg A bid for Santos Ltd. may trigger counter offers for the Australian oil and gas producer that has stakes in some of the world’s cheapest liquefied natural gas. The Adelaide-based company surged the most in a year after saying it received and rejected a A$9.5 billion ($7.2 billion) takeover approach from Harbour Energy Ltd. led by former Royal Dutch ...

Bloomberg Mexico is scouring the earth to stock up on diesel fuel before market-liberalization measures take effect. Petroleos Mexicanos, the country’s state-run oil company, has been on a buying spree of about a tanker load of diesel a day from the US alone this year and recently purchased it as far afield as the United Arab Emirates and China. Mexico ...

Bloomberg Oil held near $56 a barrel as markets digested political uncertainty from Germany to the Middle East and anticipation about OPEC’s next move kept traders on the defensive. Futures slipped as much as 1.7 percent in New York after rising 2.6 percent. In Germany, the breakdown of talks to form a new government coalition raised questions about the future ...

Bloomberg Mom-and-pop investors haven’t been this crazy for Hong Kong initial public offerings since 2009. Hong Kong retail stock buyers placed orders for $163 billion worth of equity in this year’s major deals, according to data compiled by Bloomberg. That’s equal to more than three quarters of the territory’s monetary base. The most popular was China Literature Ltd., a local ...

Bloomberg Reliance Communications (RCom) Ltd., the Indian mobile phone operator that defaulted on dollar bonds in the highest-profile debt failure since the country’s new bankruptcy code was passed, faces risks of insolvency if it can’t sell its assets at high enough valuations, according to SC Lowy Financial HK Ltd. “We think the valuations they have provided are optimistic,” said Mihir ...