News

  Dubai / Emirates Business International suppliers of stationery and office supplies are turning to the Middle East and Africa (MEA) for future business growth, with the UAE presenting itself as the ideal gateway to access hard-to-reach markets. Growth in the global stationery and office supplies market is expected to come from emerging markets such as the MEA. Analysts TechNavio ...

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry recently participated in the Investing in Africa conference in London, which was organised by the Wall Street Journal and attended by global investors, businessmen, government officials, and decision-makers. Addressing delegates during the event, Majid Saif Al Ghurair, Chairman, Dubai Chamber, spoke about the importance of the Dubai-Africa trade ...

  Abu Dhabi / Emirates Business Waiwera Artesian Water the world’s leading water brand announces that it has sponsored a three day Health, Fitness & Fun Festival at Umm Al Emarat Park, Abu Dhabi from March 8 to March 10. The sponsorship program was Waiwera’s effort to create awareness for much neglected health issues of kidney disease and childhood obesity ...

  Abu Dhabi / Emirates Business ADNOC Distribution announced the opening of Al Marfa City service station in the Western Region of Abu Dhabi as part of the company’s strategic expansion plan to meet the growing demand for its high-quality products and services. Located on the Hospital Street and next to the Integrated Government Services Centers ‘Tamm’, the latest addition ...

  Dubai / Emirates Business In keeping with the ‘Year of Giving’ initiative, launched by His Highness Sheikh Khalifa bin Zayed Al Nahyan, Emirates NBD, a leading banking group in the region, announced that it aligned its 2017 Corporate Social Responsibility (CSR) objectives with the three main themes of the UAE President’s initiative – ‘Strengthening social responsibility in the private ...

  Bloomberg For sale: stakes in oil fields. Bids from world class energy companies preferred. Pipelines and terminals associated with the deposits only blown up about a dozen times in the past year. Deal may depend on crude prices. Nigerian President Muhammadu Buhari’s government on March 7 proposed a plan to jump start the economy by, among other things, selling ...

  Bloomberg The future of the Canadian oil sands is looking a lot more Canadian. Calgary-based Canadian Natural Resources Ltd. said it will spend C$12.7 billion ($9.4 billion), its biggest purchase ever, to buy Alberta oil fields and facilities that process the sticky bitumen from oil sands from Royal Dutch Shell Plc and Marathon Oil Corp. “At the time you ...

  Bloomberg Libya’s crude output dropped 11 percent as clashes among rival armed groups over the last 11 days led to the closing of some of the OPEC nation’s biggest oil export terminals, forcing a number of fields to halt production. Output fell by about 80,000 barrels a day to 620, 000 barrels since fighting among armed groups broke out ...

  Bloomberg Australia is pinning its hopes on sugar to revitalize exports to Indonesia, as it seeks momentum for a free trade agreement that has been mooted for nearly a decade. With two-way trade at its lowest since 2009, Australian Trade Minister Steve Ciobo hailed a recent deal to reduce sugar tariffs from 8 percent to 5 percent, bringing the ...

  Bloomberg China’s Qingdao Doublestar Co. said it has signed an agreement with Kumho Tire creditors to buy a 42 percent stake in the South Korean tiremaker in a deal that could enable Doublestar to further expand in China. The deal, worth 955 billion won, or about $830 million, could help turn Doublestar into China’s largest tiremaker if it can ...