News

  DUBAI / WAM Chairperson and Managing Director of Dubai Women Establishment Mona Ghanem Al Marri inaugurated the second edition of the ultra-luxurious lifestyle exhibition Modern Woman Show. The Show has a lineup of over 80 exhibitors showcasing a diverse range of top fashion apparel brands, premium jewelry and perfumes, niche homeware, furniture and baby products. The event that runs until ...

  DUBAI / Emirates Business IMA (Institute of Management Accountants) announced a new specialty credential designed specifically for professionals holding the CMA (Certified Management Accountant) certification. The CSCA (Certified in Strategy and Competitive Analysis) complements and expands upon the strategic planning, competitive analysis, and decision-making skills developed through the CMA. According to research by IMA and other organizations, CFOs and ...

  DUBAI / Emirates Business Masrouji Group, one of the largest distributors of an extensive international range of top branded products for FMCG, personal care, beauty, pharmaceuticals, and baby care products, announced the launch of world-class Alfaparf Milano hair styling products in the UAE. The high-end Alfaparf Milano products, which has carved a niche globally in hair care, was launched ...

  SINGAPORE / Reuters Crude oil sales from storage tanks around Singapore rose to an 11-month high in March, with nearly half of the volumes going to China and traders clearing inventories ahead of record shipments to Asia expected to arrive in April. Traders sold a total of 22.6 million barrels of crude from storage in Singapore, southern Malaysia and ...

  Bloomberg Oil traded near its lowest in two weeks as comments from some OPEC producers that the group will extend output cuts were undermined by signs of rising supply. Futures were little changed in New York after a gain in US output sparked a decline of 3.8 percent on Wednesday, the biggest loss since March 8. The first three ...

  Bloomberg Oman Oil Co., the sultanate’s state-owned energy producer, is seeking advice from banks to sell some energy assets and list units on the local stock market, following plans by its larger peer Saudi Arabian Oil Co. to offer shares to the public. The oil and gas producer, which has stakes in overseas businesses, wants to attract more foreign ...

  Bloomberg Japanese exports grew at the fastest rate in more than two years in March, supporting a moderate economic recovery in the face of weak domestic demand. Exports rose 12 percent from a year earlier (median estimate +6.2 percent), according to data released by the Ministry of Finance. Imports jumped 15.8 percent (median estimate 10 percent), the biggest gain ...

  Bloomberg SAIC Motor Corp., China’s biggest carmaker by sales, has halted a plan to export its own branded vehicles to the US until it gets more clarity on Sino-US trade policy under President Donald Trump. SAIC Motor, which has joint ventures with General Motors Co. and Volkswagen AG in China, has been exporting locally-made Buick Envision sport utility vehicles ...

  Bloomberg Tencent Holdings Ltd. is shutting down a popular feature on WeChat that allows iPhone users to tip emoji and content creators to comply with Apple Inc.’s policy on in-app purchases. After months of negotiations, Tencent said on its official WeChat account it “regrettably” had to abolish the feature on the instant message service to comply with new terms ...

  Bloomberg Indian companies are jostling to sell at least $1 billion of Masala bonds in the coming months as Prime Minister Narendra Modi’s resounding victory in state elections boosts investor confidence. More issuers are planning to tap the market as Modi’s majority win is seen emboldening him to take more measures to spur expansion in Asia’s third-largest economy. Foreigners ...