News

  Bloomberg After years of relying on American consumers, Vietnam is turning to its Asian neighbors after US President Donald Trump dashed hopes for a Pacific trade deal that stood to benefit the export-reliant nation the most. The end of the Trans-Pacific Partnership “will push us to expand in other markets,” Nguyen Duc Kien, deputy head of the National Assembly ...

  Bloomberg China isn’t just buying Australia’s coal assets, it’s also expanding access to the limited infrastructure needed to ship it globally. Yancoal Australia Ltd.’s $2.45 billion purchase of the biggest slice of Rio Tinto Group’s coal operations will double the Chinese-owned miner’s output in the country. The deal also includes a 36.5 percent stake in Port Waratah Coal Services ...

  Bloomberg Line Corp.’s fourth-quarter profit and sales fell short of analysts’ estimates, as advertising revenue growth failed to make up for declines in mobile game and digital stamp offerings. Operating profit was 1.6 billion yen ($14 million) in the three months ended Dec. 31, according to calculations based on full-year numbers released by Line on Wednesday. That’s less than ...

  Dubai / Emirates Business Having a long-term energy plan will boost sustainable long-term investments in the UAE, says a London Business School expert. This month, the UAE government unveiled a three-decade energy plan that aims to save the country billions of dirhams while still sustaining economic growth. Commenting on the new Energy Plan, Ioannis Ioannou, Associate Professor of Strategy ...

  ABU DHABI / WAM Etihad Airways unveiled on Wednesday plans for the deployment of its new Boeing 787-9 Dreamliners to key Levant and Far East markets in 2017. With a phased delivery of nine Boeing 787-9s this year, they will gradually be introduced on a number of routes from the airline’s Abu Dhabi hub beginning March 1. The 299-seat ...

  ABU DHABI / WAM The total value of Khalifa Industrial Zone Abu Dhabi’s (KIZAD) contribution to Abu Dhabi’s gross domestic product (GDP) accounted for 3.2 percent of the emirate’s non-oil GDP, reinforcing the industrial zone’s status as a key facilitator of economic diversification. The KIZAD, part of Abu Dhabi Ports, has reported a solid performance in 2016, completing yet another ...

  DUBAI / WAM Deyaar Development, one of Dubai’s property developers and real estate service providers, announced its preliminary financial results for the full year ended December 31, 2016. The company reported increase in revenues to AED428.3 million compared to AED257.1 million in 2015, reporting an increase of 67%, mainly due to construction progress in The Atria and Mont Rose ...

  New Delhi / WAM The United Arab Emirates and India signed on Wednesday in New Delhi the ‘Comprehensive Strategic Partnership Agreement’ and a number of memorandums of understanding (MoUs) during a state visit by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to India. The UAE ...

  New Delhi / WAM Over 30 high-level Emirati business leaders, Indian business owners based in the UAE, and government and private representatives from both the UAE and India, convened on Wednesday at the Taj Palace in New Delhi to discuss business opportunities, major investable projects in India, as well as major challenges facing investors there. The session, entitled “Business Session ...

  New Delhi / WAM In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and India’s Prime Minister Narendra Modi, the Abu Dhabi National Oil Company (ADNOC) and the Indian Strategic Petroleum Reserves Ltd (ISPRL), agreed on Wednesday to establish a strategic crude oil ...