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  Bloomberg US coal has become entangled in a trade war between the US and Canada over lumber. British Columbia Premier Christy Clark urged Canadian Prime Minister Justin Trudeau in an open letter to ban US coal shipments from the country’s westernmost province in retaliation for the Trump administration’s new tariffs on softwood lumber. The move sent Canadian export terminal ...

  Dubai / WAM Emirates NBD, a leading banking group in the region, has signed a Premier Partnership agreement with Expo 2020 Dubai to become its Official Banking Partner. The partnership marks Emirates NBD’s long-term commitment to supporting the growth and development of the UAE, in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, ...

  Dubai / WAM Dubai is poised as the first Arab city to lead the region at par with top global players and ranked fifth on the list of the world’s most competitive and attractive maritime clusters, according to an international survey conducted by Menon Business Economics Group, the globally renowned organisation for benchmarking leading maritime capitals of the world. The ...

  ABU DHABI / WAM Abu Dhabi Ports, the master developer, operator and manager of the Emirate’s commercial and community ports as well as Khalifa Industrial Zone (KIZAD, has announced the launch of the Khalifa Port Free Trade Zone (KPFTZ) the largest free zone area in the Middle East, to the European market at the Hannover Messe exhibition in Germany. ...

  DUBAI / WAM The country’s first solar-powered gas station has been opened by the Emirates National Oil Company (ENOC), in yet a new sign reflecting the country’s increased focus on maintaining the highest standards of sustainability and clean energy. The service station lies on the city’s main Sheikh Zayed Road thoroughfare and is covered with solar panels that can generate ...

  Bloomberg Lotte Group plans to divide four key businesses valued at about $12 billion into operating and holding units, slashing the number of cross shareholdings to 18 from 67 and allowing its chairman to tighten his grip on a hotels-to-retail conglomerate rocked by a years-long family feud and a corruption trial. Lotte Confectionery Co. will absorb the investment companies ...

  Bloomberg Netflix Inc. agreed to provide television series to China-based iQiyi.com, the streaming-video service controlled by Baidu Inc., gaining access to the only major film market that had eluded the world’s largest paid video service. The licensing deal covers television dramas, animated series, documentaries and variety shows, iQiyi said in an emailed statement on Wednesday. Popular Netflix original content ...

  Bloomberg Linamar Corp. is a perfect poster child for globalization. Founded by a refugee fleeing Soviet aggression in his native Hungary, the Canadian auto-parts maker has 24,500 employees spread around 12 countries. Its supply chain weaves in and out of dozens of nations — a single part can cross seven borders before finding its final home in a completed ...

  Bloomberg Canadian Foreign Minister Chrystia Freeland said she’s confident her country will prevail over the US in a lumber dispute and urged President Donald Trump’s administration to uphold free trade. Freeland said she raised trade matters with first daughter Ivanka Trump on the sidelines of a conference in Berlin, though it wasn’t the focus of the meeting. The US ...

  Bloomberg President Donald Trump will open the door to new oil and natural gas drilling in Pacific waters off the coast of California with a directive that sets up a certain clash with environmentalists. Trump will order the Interior Department to review locations for offshore oil and gas exploration and consider selling drilling rights in territory that former President ...