Uncategorized

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), announced on Wednesday the signing of two new agreements, with Idemitsu Kosan Co. Ltd. of Japan and SCG Chemicals of Thailand, for a combined amount of up to 1.5 million tons of Naphtha per year. These deals follow the recent announcement from ADNOC that it had signed a similar ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman of Dubai Islamic Economy Development Centre (DIEDC), received a high-ranking delegation from South Korea, led by Kim Dong-yeon, Minister of Strategy and Finance and Deputy Prime Minister. The meeting, held at the Dubai headquarters of the UAE Ministry of Economy, explored ways of enhancing synergies ...

Bloomberg Quebec is getting serious about taxing Amazon.com Inc. and Netflix Inc. Canada’s second-most populous province said it would make the collection of the provincial sales tax mandatory for suppliers of goods and services based outside Quebec to put them on par with local rivals. Quebec expects the measures will enable it to recover C$155 million ($120 million) in lost ...

Bloomberg BMW AG joined the growing list of carmakers sued by US drivers for installing software designed to cheat diesel-emissions tests. Drivers of “tens of thousands” of X5 and 335D model diesel cars built between 2009 and 2011 sued BMW and its technology supplier, Robert Bosch GmbH, alleging they installed algorithms designed to manipulate testing systems, using methods similar to ...

Bloomberg For UK-based international broadcasters like Discovery Communications Inc. and Walt Disney Co. concerned about the consequences of Brexit, the European Union has some rather unhelpful advice: look to the 1980s. If broadcasting isn’t covered by a negotiated free-trade deal between Britain and the EU, the fallback is the 1989 European Convention on Transfrontier Television, the European Commission said in ...

Bloomberg McDonald’s Corp. has a problem in India and its rivals are loving it. Even as the world’s largest restaurant chain tries to woo Indian stomachs with such menu items as the McAloo Tikki (a potato and pea patty on a bun), a legal dispute with a key franchisee partner has hampered its expansion. Shares of India’s Domino’s Pizza operator ...

Bloomberg Sri Lanka will “redouble” efforts to strike a free trade deal with China and conclude and expanded trade pact with India as part of the island nation’s strategy of becoming an Indian Ocean hub for investors and multinationals, the country’s top diplomat says. Colombo inked a comprehensive free trade deal with Singapore in January and now has the bandwidth ...

Bloomberg US President Donald Trump called for continued pressure against Kim Jong Un, after China said the North Korean leader expressed an openness to disarmament talks during a surprise visit to Beijing. Trump struck an optimistic tone after the unexpected summit with Chinese President Xi Jinping, saying in a pair of early morning tweets on Wednesday that Kim might “do ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Tuesday received the President of South Korea, Moon Jae-in, and his accompanying delegation, currently on an official visit to the country. Sheikh Mohammed bin Rashid welcomed the guest and expressed hope that the visit would result in ...

Dubai / WAM South Korea is committed to expanding cooperation with the UAE in new sectors as both countries push ahead with strategic plans to further develop their economies, President Moon Jae-in of South Korea, told government and business leaders at the UAE-Korea Business Forum on Tuesday in Dubai. Speaking at the forum, which will run until Wednesday, President Jae-in ...