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Dubai / WAM The Mohammed bin Rashid Centre for Government Innovation (MBRCGI), organised a training programme titled “Make the Change” in collaboration with the University of California – Berkeley. Drawing in participants from various federal and local government entities, the programme is part of a series of events and discussions organised by the Centre in collaboration with prestigious academic institutes ...

MUMBAI / NEW DELHI / Reuters India’s state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi’s goal of making the fuel a bigger part of the country’s energy mix. State-owned oil companies – Indian Oil, Bharat Petroleum and Hindustan Petroleum – are planning to raise gas contributions to between ...

Bloomberg Short-selling is rearing its head in the oil market again. After bullish bets on Brent crude hit a record and futures surged to two-year highs, hedge funds are pulling back with a sense that the rally reached its limit for now. Wagers on lower prices rose by the most since June as Middle East tensions took a backseat, while ...

BEIJING / Reuters Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after a rally in diesel and gasoline prices. Officials at five state-owned oil processors said they are refining and shipping as much product as possible after receiving generous ...

BONN / Reuters The United States is expected to account for more than 80 percent of global oil production growth in the next 10 years and it will produce 30 percent more gas than Russia by that time, he International Energy Agency (IEA) said. “This has implications on the oil markets, prices, trade flows, investment trends and the geopolitics of ...

LONDON / Reuters A consortium behind a liquefied natural gas (LNG) import project in Pakistan, including oil giant Exxon Mobil and France’s Total, has been dissolved, shipping company Hoegh LNG said. Hoegh LNG was due to supply the project’s ship-based import terminal, a floating storage and regasification unit (FSRU), where LNG brought in by tanker is converted back to gas ...

Bloomberg Prime Minister Narendra Modi’s wriggle room to relax his deficit targets just got reduced by Moody’s Investors Service. The government was talking about easing its budget goals as sweeping policy changes hurt growth and revenue. Then Moody’s upgraded India’s sovereign rating to the highest since 1988, prompting a U-turn from the administration. “We’ll continue to maintain the glide path,” ...

Bloomberg Tencent Holdings Ltd. rose to a record high after posting accelerated sales growth and topping the most optimistic of analyst estimates. The shares climbed 2.3 percent to a lifetime closing peak of HK$391.80 in Hong Kong, valuing the company at more than $477 billion. The owner of WeChat, the social network that is nearly ubiquitous in China, reported a ...

Bloomberg Nissan Motor Co. is squeezing all it can from its US assembly plants and will need to build an entirely new factory if it keeps growing in the lucrative American auto market, a top executive said. “At some point, we may need it,” Jose Munoz, chairman of Nissan North America, said in an interview, referring to additional production capacity. ...

Bloomberg Chinese home prices rose in more cities in October, snapping a three-month decline, a sign the market is stabilising amid government efforts to curb property speculation. New-home prices, excluding state-subsidised housing, climbed in 50 of the 70 cities tracked by the government, compared with 44 in September, the National Bureau of Statistics said. Prices fell in 14 cities from ...