Dubai / Emirates Business Dubai Judicial Institute (DJI) is participating in the 37th edition of GITEX Technology Week 2017. Reflecting its own vision to be the regional centre for legal and judicial excellence, DJI is participating within the Smart Dubai Government platform – the technical arm of Smart Dubai – which aims to transform Dubai into the smartest and happiest ...
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Saudi Arabia to make deepest cut to crude supply despite strong demand
Bloomberg Saudi Aramco plans to make “the deepest customer allocation cuts in its history†in oil supplies in November to help reduce global inventories and balance the market. State-run Saudi Arabian Oil Co., known as Aramco, will make an “unprecedented†cut of 560,000 barrels a day in its allocations to customers next month, the Saudi energy ministry said in a ...
Read More »Oil trades near $50 before US data
Bloomberg Oil traded near $50 a barrel in New York before data forecast to show a third weekly drop in US crude inventories, while Saudi Arabia said it will sell customers considerably less crude than they’re asking for. Futures rose 0.8 percent after advancing 0.6 percent, rebounding from a weekly loss. Crude stockpiles probably slid by 750,000 barrels last week, ...
Read More »Iraq, Iran boosted crude exports in September
Bloomberg Iraq and Iran boosted crude exports in September, taking advantage of a slower pace of shipments from rival Saudi Arabia to win buyers in key markets like China and the U.S. Iraq shipped 3.98 million barrels of crude a day, the highest since December, while Iran’s exports rose to 2.28 million barrels a day, the most since February, according ...
Read More »Italy’s oil giant taps Mediterranean diet to turn fats into fuel
Bloomberg Each week, Friggi Oil Service pays a visit to Ai Due Otri, a traditional Sardinian restaurant in central Rome, to pick up what’s left in the frying pan. Leftover oil from this and other restaurants is trucked to a collection area just outside the capital. It’s then taken to a refinery operated by Eni SpA, Italy’s oil and gas ...
Read More »Not obliged to consult minister for oil deals, says Nigeria NNPC
Bloomberg Nigeria’s state oil company said it wasn’t obliged by law to refer contracts to Petroleum Minister of State Emmanuel Kachikwu for review or approval, dismissing allegations it made at least $24 billion worth of deals without following due process. “The law and the rules do not require a review or discussion with the Minister of State or the NNPC ...
Read More »Modi seeks simpler rules to raise direct tax share from ‘07 low
Bloomberg India is reviving attempts to overhaul its half-century-old direct tax laws as it looks to increase the share of collections from the lowest in a decade. Prime Minister Narendra Modi’s government is working to ensure that tax payers don’t need to submit multiple returns and have quicker options of redress should a dispute arise, said people familiar with the ...
Read More »China’s top anime streaming site to plan IPO in US
Bloomberg Bilibili, China’s top online platform for streaming Japanese animation, is planning a US initial public offering that could raise at least $200 million, according to people with knowledge of the matter. The website operator aims to list in New York as soon as next year, the people said, asking not to be identified because the information is private. Bilibili ...
Read More »Baidu checks 3bn ‘fake news’ claims yearly
Bloomberg China’s biggest search engine, Baidu Inc., checks out 3 billion claims of fake news every year and works closely with government agencies to tackle an issue it calls a global challenge. The spread of rumors and false information is a problem faced by companies around the world that requires technology and cooperation with external organizations to fix, President Zhang ...
Read More »London Mayor Khan to visit India, Pakistan to promote trade
Bloomberg London Mayor Sadiq Khan will visit India and Pakistan later this year to promote the UK capital and build trade and cultural links. The mayor will tell government and business leaders that London is still open to people from across the world, despite international perceptions of last year’s vote to leave the European Union. “I am passionate about showing ...
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