Dubai / Emirates Business MEVP Capital, a member of the Middle East Venture Partners (MEVP) Group, announced that it has received its Category 3C license from the Dubai Financial Services Authority (DFSA) to operate as a DFSA Authorized Firm. MEVP Capital is one of the first DFSA-licensed Venture Capital (VC) Asset Managers in the UAE. This significant step confirms that ...

DUBAI / Emirates Business Emirates on Monday announced its plan to launch a new daily service from Dubai to Auckland via the island of Bali, Indonesia, starting from June 14. The new service will offer global travellers a total of three daily services to New Zealand, complementing Emirates’ existing non-stop daily service between Dubai and Auckland and its current daily ...

DUBAI / WAM Marwan Al Sawaleh, Under- secretary for Academic Affairs at the Ministry of Education, signed on Monday a Memorandum of Understanding (MoU), with Thorsten Kunnemann, Director of the Swiss Science Center, Technorama, to establish a centre for science in the UAE. Signed on the 4th day of the National Science, Technology and Innovation (NSTI) Festival, the MoU comes ...

Bloomberg The flood of US oil exports stepped up a gear on Monday after the first fully laden supertanker sailed from an American port, alleviating a bottleneck that’s limited overseas shipments. The Louisiana Offshore Oil Port, or LOOP, the only deep water port in the US able to handle the industry’s biggest tankers, said in a statement it had successfully ...

Bloomberg Indonesia will hold roadshows in the US and Europe later this month to lure investments from the world’s top energy companies as the former OPEC member seeks to reverse a decline in oil and gas production. The Energy and Mineral Resources Ministry is seeking bids for 24 oil and gas blocks, 1 coal-bed methane block and 1 shale block, ...

Bloomberg Snowy Hydro Ltd., Australia’s largest hydropower producer, is considering raising as much as A$2 billion ($1.6 billion) by the end of 2018 for a project expansion, which will boost its 4,100 megawatt capacity by as much as 50 percent. The company, jointly owned by the federal government and the Victorian and New South Wales state governments, has begun talks ...

Bloomberg Oil shook off some of the fears that had rattled the market to extend gains above $62 a barrel as the dollar weakened and global equities rebounded from a rout. Futures rose as much as 1.4 percent in New York after advancing 4.2 percent last week, propped up by a relief rally that helped US equities to their best ...

Bloomberg India’s dependence on imported components for electric vehicles could make the country vulnerable to cyber-security breaches, according to the government’s chief policy think-tank. India should manufacture the majority of the parts needed for its electric vehicle fleet as equipment shipped from overseas could be compromised, VK Saraswat, a member of the think tank, Niti Aayog, said. All of the ...

Bloomberg British tycoon Richard Branson-backed Virgin Hyperloop One is proposing to build a super-fast transportation system in India that would connect the city of Pune with the planned new airport in Mumbai in 25 minutes, saving about three hours. The founder of Virgin Group signed a preliminary agreement in Mumbai for a broad hyperloop framework, the company said. A demonstration ...

Bloomberg A spate of enbloc sales, coupled with a rebound in the property market at the start of the year, may indicate that Singapore developers will be more cautious in adding to landbanks and about their pricing strategies, analysts say. Collective apartment sales in the first two months of 2018 totaled over $2.4 billion, almost twice the S$1.66 billion seen ...