Astana / Emirates Business His serene highness Prince Albert II, Prince of Monaco, was briefed on the efforts of the UAE and its pioneering initiatives in renewable energy during his visit to the UAE pavilion at the Expo 2017 in Astana. Prince Albert II praised the UAE’s strategy of diversifying energy resources and investing in future energy and its achievements ...
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GETEX Autumn 2017 to offer higher education options
Dubai / Emirates Business The Gulf Education and Training Exhibition (GETEX), the leading student recruitment platform in the Middle East and Asia, is set to return with its autumn edition to support higher education providers in student recruitment for their Fall 2017 and Spring 2018 sessions. Held under the patronage of the UAE Ministry of Education, GETEX Autumn 2017 will ...
Read More »Corpus Christi port vies to become main US oil export hub
Bloomberg Late last month, an oil tanker that measures three football fields long and six stories high moved slowly through the port of Corpus Christi, Texas, to test the waters of America’s booming crude-export industry. After navigating the Aransas pass around 7 a.m. on May 26, the vessel, Euronav NV’s Anne, didn’t pick up any oil. But its arrival in ...
Read More »Oil heads for longest gain in a month as US supply seen lower
Bloomberg Oil advanced for a fourth day in New York, its longest run of gains in a month, on estimates that US crude inventories continued their decline from record levels seen earlier this year. Futures added as much as 1.2 percent after rising 2 percent in the previous three sessions. Inventories probably dropped by 2.25 million barrels last week, a ...
Read More »Hackers hit 75% of oil and gas drillers
Bloomberg Three out of four oil and natural gas companies fell victim to at least one cyber attack last year as hacking efforts against the industry become more frequent and sophisticated. That’s the finding from a report released by industry consultant Deloitte LLP. Technology advances, such as Royal Dutch Shell Plc’s recent control of operations in Argentina from an operating ...
Read More »Cheniere gears up for next wave of export projects
Bloomberg Sixteen months after sending the first cargo of US shale gas overseas, Cheniere Energy Inc. is already preparing to be at the forefront of the next wave of export projects. Cheniere is exploring new ways to finance additional terminals that chill gas to a liquid and ship it across the globe, including skipping the banks and going to other ...
Read More »Lawyers smiling as new India tax set to fuel litigation wave
Bloomberg India’s new goods and services tax will spark a flood of litigation on everything from which tax brackets companies fall into to the revenue they generate, some of the country’s top lawyers predict. The complex nature of India’s GST — which has four tax brackets ranging from five percent to 28 percent — is bound to attract thousands of ...
Read More »Cotton crop in India seen at 3-year high on local price
Bloomberg Cotton output in India, the world’s biggest grower, may increase to a three-year high as some farmers plant more of the fiber on better returns compared to other crops. Production will probably climb to 37.5 million to 38 million bales in the harvesting season starting Oct. 1, from 34.1 million bales a year earlier if the monsoon is normal ...
Read More »China early data signal that growth may have peaked for 2017
Bloomberg The earliest indicators for China’s economy in June signal that the manufacturing sector may be poised to decelerate, while other challenges loom in the second half of this year. Small- and medium-sized enterprises showed the lowest level of confidence in 16 months, a gauge of manufacturing drawn from satellite imagery slumped, and conditions in the steel business remained lackluster. ...
Read More »Glencore’s long hunt for Rio Tinto’s coal mines slips away
Bloomberg Glencore Plc’s years-long pursuit for a bigger Australian coal business was delivered another setback after Rio Tinto Group passed on the company’s offer for a second time. Now the mining giant run by a former coal trader is running out of time to come back with a better offer or lose out on a deal the company has chased ...
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