Bloomberg Russian wheat exports haven’t lived up to expectations so far this season as falling prices made some growers reluctant to sell grain to traders amid a halt in purchases by Egypt, the world’s largest buyer. Outbound shipments in the three months since the campaign started in July will probably amount to 9 million metric tons, down 8 percent ...
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GITEX Shopper to showcase world’s top 2-in-1 convertibles & laptops
Dubai/ Emirates Business With their functionality, flexibility and mobility, 2–in–1 convertible laptops are one of the fastest growing devices in the industry according to PCMag, and GITEX Shopper will be showcasing the latest models when it opens next month. Taking place from 1 – 8 October at Dubai World Trade Centre (DWTC) the region’s largest consumer IT and electronic ...
Read More »DAFZA consolidates trade ties with S Korean biz community
DUBAI / Emirates Business Dubai Airport Freezone Authority (DAFZA) recently held a series of seminars in South Korea with the Korean business community as part of its continuing initiative to facilitate trade relations among foreign business communities worldwide and further highlight its latest business developments. The seminar was held in partnership with the Korean Chamber of Commerce and Industry ...
Read More »Mohammed urges completion of Dubai Expo 2020 site on time
Dubai / WAM Delivery of the infrastructure and associated facilities of the Dubai Expo 2020 on time will allow organisers ample time to put the final arrangements well in place before the arrival of exhibitors from more than 180 countries, Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum affirmed on ...
Read More »In Dubai, WETEX to attract 1,900 exhibitors from 46 nations
Dubai /Â WAM The 18th edition of Water, Energy, Technology, and Environment Exhibition (WETEX) 2016, will be the largest exhibition so far in terms of display area, number of exhibitors, and anticipated number of visitors, according to a top official. “This year, WETEX is expected to attract 1,900 exhibitors from 46 countries around the world, compared with 1,696 exhibitors last ...
Read More »Divided UK Labour struggles with Brexit
Liverpool / AFP Distracted by a bitter leadership contest, Britain’s main opposition Labour party has struggled to present a vision of Brexit to challenge the ruling Conservatives— and many fear the re-election of Jeremy Corbyn will do little to change this. There are concerns the lack of an alternative could result in a “hard Brexit”, where Britain agrees to ...
Read More »Lanxess to buy Chemtura for $2.1bn in additives push
Bloomberg Lanxess AG agreed to buy U.S. competitor Chemtura Corp. for about $2.1 billion in cash, more than doubling the size of its additives business and accelerating a shift towards specialty chemicals. Shareholders of the maker of lubricant additives and flame retardants will get $33.50 a share under the terms of deal, Cologne, Germany-based Lanxess said in a statement ...
Read More »Japan PM vows to accelerate economic measures, TPP
TOKYO/Â AP Japanese Prime Minister Shinzo Abe pledged on Monday to accelerate his mix of policies to prop up Japan’s economic recovery and speed up parliamentary approval of the Trans-Pacific Partnership trade pact. In his policy statement opening the 66-day parliamentary session, Abe outlined an extra set of stimulus measures to help the economic recovery and spur more consumer and ...
Read More »ChemChina seeks EU okay for $43bn Syngenta deal
Bloomberg China National Chemical Corp. sought European Union approval for its $43 billion takeover of Syngenta AG, one of a trio of mega-deals reshaping the global agrichemicals industry already described as “quite concentrated†by the bloc’s antitrust chief.The European Commission set an initial Oct. 28 deadline to rule on the deal, according to a website filing on Monday. ChemChina ...
Read More »Aleppo reels from strikes as Russia accused of ‘war crimes’
Aleppo / AFP Residents of Syria’s Aleppo faced worsening food and medical shortages on Monday as warplanes again pounded the city after Western powers at the UN accused Russia of war crimes. A fresh wave of intensive air strikes hit the city’s opposition-controlled east from dawn on Monday, an AFP correspondent in the city said, on the morning after ...
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