Abu Dhabi / WAM ADNOC Distribution announced plans to open at least 13 new service stations this year including, for the first time, sites in Dubai and Saudi Arabia. Three new service stations are planned for strategic locations across the Emirate of Dubai, nine new stations will open in the Emirates of Abu Dhabi, Ajman and Fujairah and at least ...
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Forum to discuss challenges facing publishing industry
Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi is organising the first edition of the Abu Dhabi Publishing Forum, to be held from January 30-31, under the theme ‘Transformations and Achievements in the Publishing Industry: The Emirati Experience’. The forum, taking place at Manarat Al Saadiyat, will play host to expert Arab and foreign ...
Read More »Dubai named candidate city for 12th WCC in 2021
DUBAI / Emirates Business Dubai has been selected as a candidate city for the 12th World Chambers Congress (WCC) in 2021, the largest international event of its kind attracting the participation of 14,000 chambers of commerce from 100 countries. The Dubai Chamber of Commerce and Industry’s efforts were crucial to helping Dubai secure the nomination. The 12th WCC will be ...
Read More »62 percent people in UAE shop online
Dubai / Emirates Business Digitalks, Middle East’s first digitally-focused conference series ended on a high note, with an impressive line-up of visitors and international participants tackling the most pressing issues facing the digital communications industry on Wednesday. The launch of Digitalks brought together some of the most accomplished and creative minds in the business, providing a new platform for industry ...
Read More »Macron balks at price-tag for Paris’s grand transport plan
Bloomberg A massive extension of the Paris metro system that would see miles of tunnels dug around the French capital is becoming one of President Emmanuel Macron’s biggest headaches. The $47 billion infrastructure project, dubbed ‘Grand Paris,’ will involve building 200 kilometres of track and 68 stations but it’s being delayed because the government can’t decide which of the lines ...
Read More »UK labour market unexpectedly strong as employment rises
Bloomberg The UK labour market displayed unexpected resilience in the three months through November as employment jumped and wage growth ticked higher. The number of people in work rose 102,000 to a record high, confounding market expectations that employment would fall. Basic pay growth quickened to 2.4 percent, the highest in almost a year, though it still lags well behind ...
Read More »US: The trade war is just starting
Bloomberg Billionaires, world leaders and investors are gathered in Davos, Switzerland, for the World Economic Forum’s annual meeting to hobnob and discuss topics ranging from the global economy and harassment, to the risks and opportunities of artificial intelligence. Not to mention hear a speech by US President Donald Trump. The second day at Davos saw German Chancellor Angela Merkel, French ...
Read More »India’s steelmaker mulls buying rivals’ assets
Bloomberg JSW Steel Ltd., India’s biggest producer, is interested in snapping up two struggling rivals, Bhushan Steel Ltd. and Monnet Ispat & Energy Ltd., as part of an industry-wide wave of consolidation sparked by a new bankruptcy law designed to clear-out distressed assets. The Mumbai-based company will partner with Japan’s JFE Holdings Inc., which holds a 15 percent stake in ...
Read More »There can be only losers in washing machine war
Bloomberg To understand why President Donald Trump slapped a global tariff on washing machine imports rather than singling out offending countries, it helps to follow the years-long cat-and-mouse game between US officials and South Korean manufacturers LG Electronics and Samsung Electronics. In 2011, US rival Whirlpool Corp. accused the two Asian companies of dumping machines made in South Korea and ...
Read More »Russia responsible for Syrian chemical use, says Tillerson
Bloomberg Russia should stop blocking United Nations efforts to investigate alleged violations of a 2013 accord to remove chemical weapons from Syria, US Secretary of State Rex Tillerson said. As the party ultimately responsible for chemical weapons use by the Syrian regime, Russia should at least abstain during UN Security Council votes, Tillerson said in Paris at the end of ...
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