News

Ras Al Khaimah / Emirates Business Unikai Foods PJSC, one of the largest Fast Moving Consumer Goods (FMCG) conglomerates in the Middle East and North Africa region, signed an agreement on with Ras Al Khaimah Economic Zone (RAKEZ) to establish its largest storage and distribution facility in the northern emirates. The signing ceremony was held in RAKEZ’s headquarters with Neeraj ...

Dubai / Emirates Business JLL, the world’s leading real estate investment and advisory firm, on Wednesday released its Q2 2017 Dubai Real Estate Market Overview report which assesses the latest trends in the office, residential, retail and hotel sectors. The retail sector continues to evolve and adjust in the light of the fast pace of technological advancements, with retail brands ...

Dubai / WAM Emirates will introduce an additional daily flight to Brussels, complementing Emirates’ existing schedule and providing a double-daily service to customers from October 29. The new scheduled flight will be added to meet the growing demand for travel on the route. Emirates has carried over half a million passengers between Dubai and the Belgian capital since launching operations ...

Sharjah / WAM Sharjah Education Council (SEC) recognised the Grade 12 top-achievers at the level of the Emirate of Sharjah for the academic year 2016-2017. A ceremony was held at the Sharjah Cultural Palace to mark the occasion in presence of Ali Al Housani, Secretary General of the SEC, Hessa Al Khaja, Director of Sharjah Educational Zone, educational top executives ...

Dubai / Emirates Business The Mohammed bin Rashid School of Government (MBRSG), the research and education institution specializing in public policy in the Arab world, has launched its academic book UAE Public Policy Perspectives at a gala dinner at the International Business Academy Conference, held between July 1-5, with the participation of 1,040 researchers and academics representing 76 countries. UAE ...

TOKYO / Reuters Saudi Arabia has boosted its market share in Japan, the world’s top oil exporter’s biggest Asian market, by selling more light crude to the country as a way to offset revenue lost implementing OPEC’s production cuts. Middle East crude sellers consider Japan, the world’s fourth-largest oil importer, a premium market since its refiners will pay more to ...

Bloomberg Crude oil fell, snapping the longest winning streak this year, as Russia was said to oppose any proposal to deepen OPEC-led production cuts. Futures dropped 1.7 percent in New York, snapping eight straight sessions of gains. Russia wants to continue with the current deal and any further supply curbs would send the wrong message to the market, according to ...

Bloomberg The UK is becoming more dependent than ever on the European Union to look after its natural gas, even as it negotiates its exit from the bloc. Britain is expected to ship a record volume of natural gas from the UK to Belgium through an interconnecting pipeline on Wednesday, capping a year of buoyant flows to the mainland. The ...

Bloomberg China has promised to make its skies blue again, but having some of the world’s most-expensive natural gas isn’t helping. The biggest energy consumer on earth wants to use more of the cleaner-burning fuel in place of the coal that’s choking its skies and causing pollution far exceeding the World Health Organization’s daily recommended limit. China has the ability ...

Bloomberg After Snapdeal’s board rejected a takeover offer from Flipkart Online Services Pvt., the two sides find themselves about $100 million apart as negotiations continue, people familiar with the matter said. Flipkart, India’s largest e-commerce operator, is unlikely to raise its offer above $900 million while Snapdeal is seeking a price of $1 billion, the people said, asking not to ...