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Dubai / Emirates Business The UAE has the second highest net perception of service improvement over the past two years globally and ranks first in terms of the highest levels of satisfaction for services in comparison to the private sector, with 39.5% more UAE citizens using these services more often according to The Boston Consulting Group’s (BCG) 2016 Digital Government ...

Abu Dhabi / Emirates Business Hilton on Monday announced that Hilton Abu Dhabi Yas Island Resort will be part of the AED12 billion development plan announced by Miral for the southern end of Yas Island, in efforts to further position the island among the world’s most sought-after destinations by 2022. B.R. Kiran, Chief Portfolio Officer of Miral said: “We are ...

Dubai / Emirates Business UAE-based Transguard Group on Monday released its annual figures for the financial year ending March 31, which was another record year for the business support services provider, with a set of exceptional financial figures and operational milestones. According to the figures audited by PricewaterhouseCoopers, Transguard Group, generated revenue in excess of AED1.9 billion a 33% increase ...

Bloomberg China’s Yanzhou Coal Mining Co. is holding fire on a counter offer for Rio Tinto Group’s Australian coal assets as it waits to hear whether Glencore Plc has succeeded in trumping the deal it struck six months ago. Glencore Chief Executive Officer Ivan Glasenberg has submitted a proposal to buy Rio’s Coal & Allied unit in New South Wales ...

Bloomberg China and Singapore pledged to cooperate on trade and regional infrastructure projects, in a sign the countries have begun to repair ties strained amid security disputes in Southeast Asia. Chinese Foreign Minister Wang Yi and Singaporean counterpart Vivian Balakrishnan said on Monday in a briefing in Beijing they reached agreement to work more closely on China’s “Belt and Road” ...

Bloomberg India’s judiciary must consider the interests of the economy and examine the impact of its verdicts on jobs, the country’s top court said in a judgment that could help reduce stalled projects in Asia’s third-largest economy. “The court needs to avoid that particular outcome which has a potential to create an adverse affect on employment, growth of infrastructure or ...

Bloomberg Crude markets are taking oil optimists by surprise yet again. Hedge funds boosted bets on a rally just before West Texas Intermediate prices tanked from a report showing surging American stockpiles. Wagers rose 7.3 percent to the highest since April in the week through June 6, US Commodity Futures Trading Commission data show. The next day, futures fell the ...

Bloomberg Oil steadied after a third weekly loss on speculation that sustained drilling by US producers will blunt efforts by OPEC and Russia to re-balance an oversupplied crude market. Futures were little changed in New York after sliding 3.8 percent last week. Inventories are declining and reductions will accelerate in the next three to four months, Saudi Arabia’s Energy Minister ...

SINGAPORE / Reuters The costs to ship fuel and crude oil from Qatar are expected to rise after the United Arab Emirates banned vessels that previously called at Qatar from docking at UAE ports, multiple sources from the oil and shipping sectors said on Monday. After Saudi Arabia, the UAE, Egypt and others last week severed diplomatic and transport links ...

Bloomberg India’s oil demand bounced back in May, led by the highest growth in gasoline consumption in nine months and the fastest increase in diesel usage since November. Total fuel consumption rose 5.4 percent to 17.79 million tons in May, the most in six months, according to the Oil Ministry’s Petroleum Planning and Analysis Cell. Demand for diesel, which accounts ...