Emirates Business Following the success of last year’s Agent 055 Network activation, du is once again offering ambitious UAE youth the chance to whet their appetites for entrepreneurship. This year’s initiative will be more dynamic than ever before, immersing young wannabe entrepreneurs in the business world and looking more toward talent recruitment. This initiative enables du to further strengthen ...

  Bloomberg Iran’s plan to keep boosting crude production until it regains its OPEC market share is dimming prospects of collective action by major producers to freeze output, according to Patrick Allman-Ward, chief executive officer of Dana Gas PJSC. “I’m not overly optimistic about an oil freeze being agreed,” Allman-Ward said in a Bloomberg Television interview in Dubai on Sunday. ...

  Reuters Qatar’s government will levy a new airport tax on passengers from Tuesday as the country seeks new revenue streams amid falling oil prices. Every passenger leaving Qatar from Doha’s Hamad International Airport, including transit passengers, will be charged 35 riyals ($9.61) for using airport facilities, according to a statement by the airport. The charge will apply to tickets ...

  Reuters Qatar National Bank (QNB) has been given approval to open a branch in India offering banking services, the Gulf region’s largest lender said on Sunday. The bank, which in June completed the 2.7 billion euro purchase of Turkey’s Finansbank, has a presence in more than 30 countries across Europe, the Middle East, Africa and Asia. In a statement, ...

  Reuters Qatar will begin operations at its Barzan gas project in November, two people close to the matter told Reuters on Sunday, as the Gulf state strives to meet rising domestic energy demand as it prepares to host the soccer World Cup in 2022. The $10 billion project, a RasGas-operated joint venture between Qatar Petroleum and Exxon Mobil, was ...

  Bloomberg Egypt will no longer accept imported wheat containing any traces of the ergot fungus, the Agriculture Ministry said, sowing fresh regulatory confusion that has hampered shipments to the world’s biggest buyer of the grain. The new ruling runs counter to a less restrictive policy by the Supply Ministry allowing for shipments containing as much as 0.05 percent ergot ...

  Bloomberg Oil declined amid doubts producers will agree on a deal to stabilize the market when suppliers meet next month for informal talks. Futures decreased as much as 1.8 percent in New York after rising the previous two sessions. Iran’s plan to continue boosting crude output until it regains its pre-sanctions OPEC market share is dimming prospects of collective ...

  Bloomberg Oil investors are turning the car around. For a second week, money managers slashed bets on falling prices by a record and boosted wagers on a rally. Futures have climbed 23 percent in less than three weeks as some OPEC members raised the possibility of an output freeze amid signs the global glut is easing. “This is a ...

  Bloomberg VMware Inc. is set to unveil new products in a bid to eke out greater relevancy for the company in internet-based cloud-computing. On Monday, the company will announce Cloud Foundation, which combines software for storage, networking and virtualization into one package, as well as the ability to use that product as a service hosted in IBM’s cloud. The ...

  Relaxnews Smartphones and smartwatches should once again be the talk of the IFA tech show in Berlin, Germany, with new devices expected from Samsung, Huawei and Sony, just six months after the Mobile World Congress in Barcelona, Spain. Chinese manufacturers will be heading to IFA en masse, where Lenovo is lined up to announce pricing and availability for its ...