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Sweden’s Blueair opens business hub in Dubai

  Emirates Business Blueair, the world’s leading indoor air purifying company, on Monday opened an office in fast growing Dubai that will serve as the hub for growing Blueair sales throughout the United Arab Emirates and Gulf region. The Blueair office will be responsible for developing sales throughout the Gulf Cooperation Group (GCC) of countries encompassing Bahrain, Kuwait, Oman, Qatar, ...

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Investor honeymoon with OPEC falters as shale drilling booms

  Bloomberg There are limits to investors’ love affair with OPEC. After unprecedented optimism that the Organization of Petroleum Exporting Countries will manage to ease a global supply glut, money managers reduced their bets on rising West Texas Intermediate prices for the first time in a month. While the group and other major exporters are pumping less crude, US inventories ...

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Surging Egypt inflation may soon reach peak

  Bloomberg Egyptian Finance Minister Amr El-Garhy said he expects surging inflation to peak by the end of the first quarter as the price shocks following an increase in fuel prices and the pound’s flotation fade. El-Garhy said policy makers expected prices to jump after currency controls were abandoned in November to help Egypt clinch a $12 billion International Monetary ...

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