News

  Dubai / Emirates Business Emirates-based shipyard, Gulf Craft, was recognized for its exceptional customer service and business leading efforts at the prestigious MENAA Awards. The distinguished accolades, which were distributed at the Burj Al Arab, celebrate organizational best practice in leadership and customer service across the Middle East, North Africa, and Asia. The fourth edition of the MENAA Awards ...

  Dubai / Emirates Business Dubai Trade, the single window for cross-border trade and a DP World company, celebrated the graduation of more than 270 trainees in its certified training programmes. The Certified Trade & Logistics Professional (CTLP) programme available in English and Arabic is offered to professionals working in different sectors in the trade and supply chain such as ...

  Bloomberg Energy companies in the Middle East reduced their borrowing by 26 percent in 2016 as an increase in oil prices late in the year provided revenue needed for exploration and production. Bonds and loans issued by energy producers in the six-nation Gulf Cooperation Council declined 26 percent to $17.5 billion from a record $23.7 billion in 2015, data ...

  Bloomberg Iran qualified 29 international oil companies to bid in upcoming tenders for crude and natural gas development projects as the Persian Gulf state seeks investment in energy. China National Petroleum Corp., Royal Dutch Shell Plc and Total SA are among the companies that will be invited to bid in tenders, according to a list published on the website ...

  Bloomberg Singapore’s economic growth quickened to the fastest pace in more than three years last quarter as manufacturing and services rebounded. Gross domestic product rose an annualized 9.1 percent in the three months to December from the previous quarter, when it declined a revised 1.9 percent, the trade ministry said in a statement on Tuesday. The median estimate of ...

  Bloomberg The leaders of two of India’s largest technology services companies, Infosys Ltd. and Wipro Ltd., have warned employees that their industry faced a grave threat from rising political and economic conflict around the world. Employees need to innovate and bring out their best to survive, Infosys Chief Executive Officer Vishal Sikka said in a year-end note to staff. ...

  Bloomberg Australian house values increased at the fastest pace in seven years in 2016, as record-low interest rates helped fuel demand for property despite warnings such price increases may be unsustainable. The average dwelling value in the nation’s eight state and mainland territory capitals rose 10.9 percent last year, compared to 7.8 percent in 2015, data from CoreLogic Inc. ...

  Bloomberg China’s factories and services both closed out 2016 on relatively robust notes that signal growth is strong enough for policy makers to keep pushing for economic reforms in 2017. The manufacturing purchasing managers index stabilized near a post-2012 high in December, edging down to 51.4 from 51.7 the prior month. The non-manufacturing PMI slipped to 54.5 from a ...

  Bloomberg China has started an overhaul of its salt industry, easing a monopoly that has existed in some form for more than 2,000 years and predates the Great Wall. New regulations went into effect at the start of this year. Under a plan published by China’s State Council last year, government regulators will allow private companies to enter the ...

  Bloomberg The pace of German inflation more than doubled in December, driven by a surge in oil that is set to mask continued weakness in underlying price pressures in the months ahead. Consumer prices rose 1.7 percent from a year ago, recording the biggest jump on record, the Federal Statistics Office in Wiesbaden said on Tuesday. Economists surveyed by ...