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Bloomberg The biggest independent refiner in US says operator of the nation’s largest gasoline pipeline is blocking its efforts to supply more fuel to East Coast in the aftermath of Harvey. Two of Valero Energy Corp.’s Gulf Coast refineries kept operating throu-ghout the storm, churning out gasoline. After US government waived fuel specifications, allowing refiners to ship winter-grade gasoline two ...

LONDON / Reuters Iraq’s Kurdistan is poised for a major increase in gas output following the settlement of a court case with developers who are now looking to unlock the full potential of the region’s large resources, investor Dana Gas told Reuters. The semi-autonomous region settled a case with the Pearl Consortium last week by paying $1 billion to its ...

CAIRO / Reuters Egypt’s tourism revenues jumped by 170 percent in the first seven months of 2017, reaching $3.5 billion, a government official told Reuters, in welcome news for an economy heavily reliant on the sector for foreign currency and jobs. The number of tourists visiting Egypt rose by 54 percent in the same seven-month period on an annual basis ...

Bloomberg Japan Post Holdings Co. will announce plans for a share sale by the government as early as Sept. 11, almost two years after the postal and financial-services giant was listed, people with knowledge of the matter said. The Ministry of Finance plans to offer about 1 trillion yen to 1.4 trillion yen ($9.1 billion to $12.8 billion) of Japan ...

Bloomberg With job creation seen as his government’s biggest failing, Prime Minister Narendra Modi replaced both ministers in charge of employment. Their successors face an uphill task. India will have the world’s biggest labor force by 2027 and the millennial generation is crucial to anchor one of the fastest paces of economic growth. However fresh employment opportunities are scarce and ...

Bloomberg The state assets regulator in China’s Hubei province has asked companies backed by the province and their subsidiaries to suspend new property investments from September 5 amid a push to reduce financial risks, according to people familiar with the matter. The State-owned Assets Supervision and Administration Commission in Hubei has also asked province-backed companies to accelerate the construction or ...

Bloomberg Hyundai Motor Co. halted production at a plant in China on Tuesday after a supplier stopped delivery of parts for air-intake systems, suspending operations for the second time in three weeks in its biggest market. The China-based supplier, partly owned by a German company, has refused to deliver the parts since the weekend because of delayed payments from the ...

Bloomberg Google’s search service may be banned in China but parent Alphabet Inc. is hunting for workers in a further sign it has ambitions in the world’s biggest internet market. At least 20 positions based in Beijing are advertised on the company’s careers site, spanning engineering and marketing to product managers. Multiple listings are shown in the field of machine ...

Dubai / WAM Dubai-based master developer Nakheel is gearing up to unveil a diverse range of projects, with a collective value of collectively more than AED3.2 billion, at Cityscape Global 2017 next week, with the launch of six new residential, retail and hospitality developments at four of its communities in Dubai, including its world-famous flagship master development, Palm Jumeirah. The ...

Dubai / WAM The Roads and Transport Authority (RTA) has revealed that the total number of passengers lifted by public transport and taxicabs in Dubai during Eid al-Adha holiday has topped 5,454,714. “The RTA has lifted 5,454,714 passengers during Eid al-Adha holiday, where the number of Metro riders reached 1,829,356 passengers; with 1,177,502 passengers carried on the Red Line compared ...