Dubai /Â WAM In a nation-wide Can Collection Drive, the Emirates Environmental Group, collected on Saturday 6,250 kg of Aluminum Cans. Through this collection EEG has managed to mitigate 364 MTCO2 emissions and saved 589 cubic meters of landfill space. In its 20th year the Drive acts as a flagship programme to the Can Collection Campaign. The EEG organised and ...
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Israel sees higher chance of gas export to Europe via Greece
Bloomberg Senior officials from Italy, Greece, Cyprus and Israel agreed to advance talks on a pipeline from Israel to Europe after an EU-sponsored study showed the project would be “very feasible,†Israel’s Energy Minister Yuval Steinitz said in an interview. The study showed the pipeline, which would traverse Cyprus and Greece before reaching Italy, would cost about 5 billion ...
Read More »Egyptian Palm Hills expects deal on mega-project
CAIRO / Reuters Egyptian property company Palm Hills expects to sign a revenue-sharing deal with the government this year to develop what would be the country’s second-largest real estate project, one of its co-chief executives said. The country’s property sector has boomed in recent years as the population grew to more than 91 million, with demand driven higher by ...
Read More »â€˜Nothing’s simple’, Belgium says as it inks EU-Canada deal
Brussels / AFP Belgium on Saturday officially signed the landmark EU-Canada trade accord after a drama that saw Belgian regions threaten to torpedo years of negotiations. “Nothing is simple in Belgium but few things are impossible,†tweeted Belgian Foreign Minister Didier Reynders after signing the pact on behalf of his country. EU Trade Commissioner Cecilia Malstrom, who negotiated the ...
Read More »VW labour boss to block investment without production accord
Bloomberg Volkswagen AG’s worker representatives will block investment decisions unless the German carmaker’s management commits to production programs that secure jobs, top labor leader Bernd Osterloh said in an interview. The hard-line stance sets up tense negotiations in the coming weeks over the so-called Future Pact. The labor agreement at Volkswagen’s namesake brand is aimed at cutting costs to ...
Read More »Apple, Electrolux lift UK prices in Brexit X’mas pinch
Bloomberg The Brexit squeeze on UK consumers tightened as Apple Inc. and Electrolux AB responded to the falling pound by charging more for their products in Britain. Apple quietly raised the cost of some of its machines including the “Mac Pro†by 20 percent overnight, while Sweden’s Electrolux said it’s boosting the prices of its home appliances by 10 ...
Read More »Exxon may face historic reserves reduction
Bloomberg Exxon Mobil Corp. warned it may be facing the biggest reserves revision in its history as production sank to a seven-year low and profit slid amid a prolonged slump in energy markets. About 3.6 billion barrels of reserves in the Canadian oil sands and the equivalent of another 1 billion barrels of oil in other North American fields may ...
Read More »â€˜Nissan informed UK that car plant would be closed’
Bloomberg Nissan Motor Co.’s decision to keep investing in Britain came after the carmaker told the government it might shut down manufacturing in the country after Brexit, according to a person familiar with the private discussions. The Japanese automaker announced it would start making the X-Trail sport utility vehicle and the next-generation Qashqai at the Sunderland plant. But only ...
Read More »PetroChina profit dips as oil & gas earnings slide
Bloomberg PetroChina Co. posted a 77 percent decline in third-quarter profit as a suppressed international oil market and lower domestic natural gas prices eroded earnings at the country’s biggest producer. Net income fell to 1.2 billion yuan ($177 million) in the July-September period, the Beijing-based company said in a statement to the Hong Kong stock exchange on Friday. Higher ...
Read More »Turmoil deepens at India’s Tata group
Bloomberg The acrimonious battle at India’s largest conglomerate is showing no signs of resolution as more officials resigned amid reports that an attempt at mediation between the scion of the founding family and ousted head of Tata Sons Ltd. has started. Tata Group Chief Human Resources Officer N.S. Rajan resigned on Friday, according to a company spokesman. On Saturday, ...
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