Bloomberg PT Mitra Adiperkasa, the Indonesian operator of global brands including Starbucks, Zara as well as Marks & Spencer, is predicting that a recovery in consumer spending will sustain its highest revenue growth in three years. The retailer forecasts a revenue increase of 15 percent for a second year as consumers splurge more on Inditex SA’s Zara-branded clothes and Tumi ...

MANAMA / Reuters A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the kingdom’s biggest ever find, Bahrain’s oil minister said. Bahrain said it had discovered extensive tight oil and deep gas resources off the west coast of the kingdom. Independent appraisals by US-based oil consultants DeGolyer and MacNaughton ...

SHARJAH / WAM Rexton Technologies has announced that it will open the largest LED light manufacturing facility in the Middle East and North Africa (MENA) region at the Sharjah Airport International Free Zone (SAIF Zone). The organisation will also launch a state of the art laboratory that specialises in LED light technologies within the facility. The two new facilities, which ...