Dubai / Emirates Business Emirates Insolaire LLC, a pioneer in the development of new solar technologies and a joint venture of Dubai Investments PJSC and SwissINSO Holding Inc., received strong enquiries for its sustainable, energy-efficient coloured solar panel technology, reinforcing the surging demand for Building-Integrated Photovoltaics [BIPV] across the globe. Emirates Insolaire, which offers the world’s-first Kromatix coloured solar panels ...

Riyadh / Emirates Business Al Habtoor Motors Saudi Arabia celebrates its first anniversary in Saudi Arabia selling Daimler-Fuso trucks. To kick off its anniversary celebration, the company will launch a number of promotional campaigns for its customers & resellers. Furthermore, the company plans to host Kingdom wide promotional events to celebrate this milestone. The early success of Habtoor Motors in ...

Abu Dhabi / Emirates Business Cleveland Clinic Abu Dhabi has launched a Smoking Cessation Program to help people trying to quit the deadly habit following World No Tobacco Day. According to the fifth World Tobacco Atlas, an average of 27 people in the UAE die each week due to tobacco-related diseases and the current rate of smoking is 24.3 percent ...

SINGAPORE / Reuters Qatar Petroleum is still seeking gasoil from countries in the Gulf Cooperation Council (GCC) even as some members of the group have severed ties with the country, said two trading sources on Monday. The state-run company was looking for up to two gasoil cargoes a month for delivery over July to September in a tender that closes ...

Bloomberg Saudi Arabia, the world’s largest oil exporter, raised pricing for July sales of all crude grades to Asia, the US and Northwest Europe as it seeks to take advantage of increased demand after suppliers extended production cuts to help curb a global glut. State-owned Saudi Arabian Oil Co., known as Saudi Aramco, increased official pricing for Arab Light crude ...

Bloomberg Shenhua Group Corp., China’s biggest coal miner, and China Guodian Corp., one of the nation’s largest coal-fired power generators, are in merger discussions, according to people with knowledge of the matter. The talks are preliminary and the merger may not go ahead, said the people, who asked not to be identified as the information isn’t public. The Hong Kong-listed ...

Bloomberg Eni SpA led a group that signed off on a $7 billion investment in a project to export natural gas from Mozambique. The country’s President Filipe Nyusi and Eni Chief Executive Officer Claudio Descalzi attended a ceremony in the capital Maputo to formally approve the Coral South liquefied natural gas project. Once built, the floating LNG plant, with a ...

Bloomberg The good news from OPEC wasn’t good enough. Hedge funds trimmed bets on rising crude prices to the lowest level since November as oil futures dipped below $50 a barrel amid skepticism an OPEC-led campaign to cut output will soon curb a worldwide supply glut. Speculators fled bearish positions for a second week. During the reporting period, the Organization ...

Bloomberg South Korea’s finance ministry has drawn up an 11.2 trillion won ($10 billion) supplementary budget to help meet President Moon Jae-in’s effort to increase jobs and incomes. If passed by the parliament, the finance ministry plans to use 4.2 trillion won of the spending package to create 86,000 new jobs, 71,000 of them in the public sector, including positions ...

Bloomberg Shares of jewellers climbed in India after the government set the rate for gold under the uniform goods and services tax below expectations, signaling a potential recovery in demand in the world’s second-largest market. Titan Co. advanced as much as 15 percent to a record 542.50 rupees ($8.4) in Mumbai, while Tribhovandas Bhimji Zaveri Ltd. increased as much as ...