News

  RITIKA SHARMA / Emirates Business Recent reports underlining the unprecedented pace of growing investments in renewable energy signal towards a crystal-clear path leading to a sustainable future ahead, experts opine. Renewable energy sector pocketed a whopping amount of nearly $286 billion investment in 2015 and more green initiatives are being rolled out each year with nations like the UAE ...

  DUBAI / Emirates Business Town Square, Dubai’s first-of-its-kind smartly designed, stylish, green neighbourhood by Nshama, has won the prestigious Gold Nuggets 2016 Award for ‘Best International Site Plan.’ In its citation, the international jury members with strong industry credentials said they was ‘very impressed’ with the outdoor articulation and scale of the 750-acre (31 million sq ft) project located ...

DUBAI / Emirates Business The Dubai Chamber Sustainability Network partnered with Dulsco to co-host a highly interactive ‘Worker Welfare’ session, along with key industry stakeholders from UAE’s corporate sector. The country is home to a large workforce, spread across different nationalities. Workers are key stakeholders for any organization as they rely on their workforce to manage reputation and profitability. Organisations ...

  DUBAI / Emirates Business Nissan has announced that the world’s first ‘NISMO Corner’ dedicated showroom space will be launched in the Middle East and then rolled out across Nissan’s dealerships globally. The ‘NISMO Corner’ is a unique, customer showroom area for Nissan performance vehicles and products, and is a completely new showroom concept that was developed in the Middle ...

  BLOOMBERG The upturn in Saudi Arabia’s non-oil private sector was maintained at a steady rate in June, as highlighted by a further solid improvement in business conditions. Output and new orders both rose sharply, leading firms to raise their input buying at a marked pace. However, the respective rates of expansion remained subdued in the context of historical data. ...

  BLOOMBERG The downturn in Egypt’s non-oil private sector showed few signs of abating midway through 2016. Business conditions worsened for the ninth straight month, driven by ongoing declines in output, new orders and employment. The recent Egyptair incident was reported to have depressed tourism, contributing to another marked reduction in new business from abroad. Panellists mentioned higher prices as ...

  BLOOMBERG Two projects worth $45 billion announced this month show the world’s largest oil companies are regaining the confidence to make big investments, emboldened by rising crude prices and low costs that promise to trigger more expansion ahead. Chevron Corp. gave the go-ahead to a $37 billion expansion in Kazakhstan, the industry’s biggest undertaking since crude started tumbling two ...

  BLOOMBERG Exxon Mobil Corp. and Qatar Petroleum have teamed up to look at energy assets in Mozambique, home to some of the biggest natural-gas discoveries in a generation, according to four people with knowledge of their plans. The companies are considering buying stakes in gas fields owned by Anadarko Petroleum Corp. and Eni SpA, the people said, asking not ...

  BLOOMBERG Prime Minister Benjamin Netanyahu will follow up on his palace-hopping trek through east Africa with financing and regulatory help for some of the business deals his entourage of Israeli executives discussed along the way. The diplomatic fruit of last week’s five-day trip will ripen only further down the road, said Netanyahu, who hopes stronger alliances with African and ...

  Bloomberg Global cross-border investment will probably decline by as much as 15 percent this year as trade remains sluggish, China’s commerce minister said after a Group of 20 trade ministers meeting Sunday. The G-20 representatives pledged to increase their efforts to facilitate trade and urged other World Trade Organisation member nations to do likewise to enable global commerce, Gao ...