DUBAI / EMIRATES BUSINESS Dubai master developer Nakheel’s hospitality expansion took another leap forward, with the signing of a Letter of Intent (LOI) for a management agreement with Thailand’s Minor Hotel Group – one of the world’s fastest-growing hospitality companies – for a new, 372 room hotel at Ibn Battuta Mall. The LOI was signed in Bangkok by Nakheel Chairman ...

DUBAI / WAM Under the patronage of the Ministry of Health and Prevention, the 3rd annual Arab Paediatric Medical has opened on Thursday, at the JW Marriott Marquis in Dubai, in conjunction with the 2nd Arab Neonatal Medical Congress and the 1st Arab Paediatric Orthopaedic Congress. Dr. Yasser Alnuaimi, expert advisor to the hospital sector of the Ministry, delivered the ...

NEW YORK / Bloomberg U.S. stock futures were little changed, after equities staged a late-day rebound, as investors assessed a selloff in China overnight and a rally in European markets. Salesforce.com Inc. jumped nearly 11 percent after giving a forecast that topped estimates. Best Buy Co. added 2 percent, erasing a decline even as its first-quarter forecast missed estimates. Restoration ...

Bloomberg Brazil’s Senate approved legislation that relieves Petrobras of its role as sole operator and mandatory stakeholder in so-called pre-salt deepwater oilfields, potentially allowing the state-run company to direct resources to more profitable operations. Legislators on Wednesday night voted 40 to 26 in favor of the bill, which was introduced by opposition Senator Jose Serra and now goes to the ...

Rio De Janeiro / Bloomberg Cheniere Energy Inc. expects to ship the first cargo of liquefied natural gas to Brazil with another tanker to be loaded a few days later, marking the historic start of U.S. shale gas exports and boosting its shares to the highest level in a month. The Asia Vision tanker will carry the first shipment of ...

Panama City / BLOOMBERG Panama’s free trade zone — the biggest in Latin America — is in crisis in large part because of economic woes sapping major export customers Venezuela and Colombia, Commerce Minister Augusto Arosemena said. “The patient (the Colon Free Trade Zone) is in a coma because re-exports have gone down and some companies have closed,” he told ...

Bloomberg For farmers who grow some of the biggest U.S. crops, choosing what to plant this year has become a bet on which one will lose less money. A three-year plunge in prices has sent farm income to the lowest in more than a decade and left parts of the Midwest agricultural economy in recession. While growers probably would lose ...

Dubai / WAM Emirates will launch a daily service from Dubai to Yangon (RGN) in Myanmar and Hanoi (HAN) in Vietnam, starting August 3, 2016. Utilising a Boeing 777-300ER aircraft in a three-class configuration, this new route will strengthen Emirates’ network of destinations in Southeast Asia, offer a new flight option to passengers travelling between Hanoi and Yangon, and open ...

Sharjah / Emirates Business Within a day of its opening, the ongoing multi-industry show at Expo Centre Sharjah has become the region’s favorite hunting sourcing ground for new technology and equipment. The 3rd Plastivision Arabia, 3rd Arabia Mold and 2nd Print Pack Arabia got under way at Expo Centre Sharjah on Monday and ended on Thursday. “Top executives, decision-makers and ...

Dubai / Emirates Business The German National Tourism Board (GNTB) concluded its 2016 version of the recurring Roadshow “Dalla fi Almania”, an annual event that joins the board’s top tourism partners in Germany, including airlines, tourism boards and companies, hotels, travel agencies, and marketing fi“rms. The 2016 show was kicked off in Kuwait and concluded in Dubai on the 24th, ...