Uncategorized

Shell smashes estimates as BG acquisition drives up output

  Bloomberg Royal Dutch Shell Plc reported third-quarter profit that beat analyst estimates after its acquisition of BG Group Plc boosted oil production, helping to counter a slump in prices. The shares rose. Profit adjusted for one-time items and inventory changes advanced 17 percent from a year earlier to $2.79 billion, Shell said Tuesday. That exceeded the $1.79 billion average ...

Read More »

Global South-South Development Expo opens to public in Dubai

  Dubai / Emirates Business His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Chairman of Dubai Media Incorporated, on Monday opened the Global South-South Development Expo 2016, at the Sheikh Rashid Hall of the Dubai International Convention and Exhibition Centre. HH Sheikh Maktoum bin Mohammed was accompanied by HH Sheikh Mansoor bin Mohammed ...

Read More »

Saudi team tours SDG to learn Dubai’s smart transformation efforts

  Dubai /Emirates Business A government delegation from the Ministry of Communications and Information Technology and the Ministry of Civil Service in Saudi Arabia recently visited the office of Smart Dubai Government Establishment (SDG), the Smart Dubai Office’s technical arm that supervises Dubai’s smart transformation efforts. The visiting delegates aimed to learn more about SDG’s best practices, particularly in the ...

Read More »

DMCA to showcase maritime cluster’s competitiveness

  Dubai / Emirates Business The Dubai Maritime City Authority (DMCA) has joined national, regional and international players at Seatrade Maritime Middle East 2016, the leading maritime event being held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. The event is running from October 31 to November 2 at the Dubai ...

Read More »

TCA Abu Dhabi rolls out new global destination campaign

  Abu Dhabi / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), which conserves and promotes the emirate’s heritage, culture and traditions and is developing a leading cultural landscape to support its evolution into a world-class, sustainable destination of distinction, launched a new worldwide promotional campaign aimed at encouraging travellers to experience Abu Dhabi’s ‘extraordinary stories.’ The ...

Read More »

Etihad Airways unveils six new in-flight kit designs

  Abu Dhabi / Emirates Business Etihad Airways introduced an updated collection of new destination-inspired Business Class amenity kit designs based on iconic cities on its extensive global network. The new range builds on the airline’s award-winning partnership with LUXE City Guides, the straight-talking, highly curated go-to guide for savvy travellers, and London-based skincare and grooming brand Scaramouche + Fandango. ...

Read More »

Clinton fends off FBI email fallout as polls narrow

  Fort Lauderdale / AFP Hillary Clinton battled to contain renewed FBI focus on her emails as Donald Trump blitzed western states in the tightening race for the White House. Nine days before the vote, the 69-year-old former secretary of state hit the campaign trail hard in the battleground state of Florida. Clinton blazed through brunch at an Irish pub, ...

Read More »

Advancing Iraqi forces inch closer to Mosul city limits

  Bartalla / AFP Iraqi special forces advanced on the eastern city limits of Mosul on Monday, tightening the noose as the offensive to retake the IS group stronghold entered its third week. Elite counter-terrorism forces were facing mortar fire as they pushed from the Christian town of Bartalla towards Mosul’s eastern suburbs, AFP correspondents at the front said. As an ...

Read More »

Japan largest shippers to merge container lines

  Bloomberg Japan’s three biggest shippers agreed to combine their container operations to create the world’s sixth-largest box carrier, as the industry steps up consolidation this year amid a global turmoil in the sea-cargo business. Nippon Yusen KK, Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd., which are predicting operating losses this year, will create a company that will ...

Read More »

Sony cuts forecast on impairment for sale of battery unit

  Sydney / AFP Sony Corp. cut its annual profit forecast by 10 percent after taking an impairment on the sale of its battery unit in the latest move by the consumer electronics giant to focus on its most lucrative businesses. Operating income will be 270 billion yen ($2.6 billion) in the 12 months ending March, down from a projection ...

Read More »
Send this to a friend