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Kathmandu / DPA Nepal Oil Corporation (NOC) has written to the Indian government requesting a supply of another 15,000 tonnes of cooking gas for next month as the country continues to suffer from a crippling shortage even one and a half months after the end of the embargo. Cooking gas shipments from Indian Oil Corporation (IOC) are expected to reach ...

Seoul / AFP South Korea’s Samsung announced the launch of its mobile payment service in China, where it is likely to struggle in an already crowded market that arch-rival Apple entered nearly six weeks ago. The world’s second largest economy is also the world’s biggest smartphone market, and Samsung Pay has a powerful partner in China — bank card provider ...

MANILA / AP Softer growth prospects for China and a weak recovery in major industrial economies are expected to push down economic growth in developing Asia to 5.7 percent this year and next, below projections, the Asian Development Bank said on Wednesday. The gross domestic product of the region, made up of 45 countries, grew 5.9 percent in 2015. China’s ...

Emirates Business Product volumes from the Marketing segment of Emirates National Oil Company (ENOC) grew by 10% in 2015, the company has revealed at its Annual Marketing Conference 2016. “The ENOC Marketing portfolio includes a diverse portfolio of products and services, reaching customers within a variety of sectors like aviation, automotive, industry and even individual households,” said H.E. Saif Humaid ...

RITIKA SHARMA / Emirates Business UAE is one of the most alluring destinations across the world that reinvents itself each time to expand its tourism appeal beyond the sun, sand and Burj Khalifa. The country now counts on Wellness holidays as a major source of revenue. UAE’s spa industry, major segment of wellness holiday, is forecast to achieve revenues of ...

WAM The UAE is participating at the 16th Joint Gulf Expo to be held in Riyadh under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdul- Aziz Al Saud. Set to run from October 27 to 30, the dedicated UAE pavilion at the event will include leading national companies and local exhibitors, as well as ...

Emirates Business It is not hype, social media has pervaded everyday life comprehensively. In its uses, social media has transcended its nomenclature, and is now regularly used for activities that are traditionally considered, not ‘social’, such as job recruitment. According to the Society for Human Resource Management (SHRM), approximately 84% of organizations used social media for recruitment in 2015. “Social ...

Bloomberg Federal Reserve Chair Janet Yellen spelled out what she means by data dependence, asserting her leadership of the U.S. central bank with a clear message that interest rates will be raised at a cautious pace. In one of her most detailed policy discussions this year, Yellen gave investors a list of conditions they need to watch for future rate ...

Bloomberg Bond investors in Venezuela have made a dispiriting discovery. Last week, traders started quoting prices on a $3 billion note issued by the nation’s state-owned oil company. While the eight-year securities were first sold in October 2014 under New York law, according to data compiled by Bloomberg, not much else is known. The bonds don’t trade on any U.S. ...

Bloomberg Brazil’s real led losses among its most-traded peers as the central bank stepped in to weaken the currency, extending a program announced this month after three years of trying to support the real. The real fell 0.3 percent to 3.6388 per dollar on Tuesday in Sao Paulo, the only drop among 16 major currencies, after earlier falling as much ...