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Masrouji brings Italian hair care brand to UAE

  DUBAI / Emirates Business Masrouji Group, one of the largest distributors of an extensive international range of top branded products for FMCG, personal care, beauty, pharmaceuticals, and baby care products, announced the launch of world-class Alfaparf Milano hair styling products in the UAE. The high-end Alfaparf Milano products, which has carved a niche globally in hair care, was launched ...

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Tillerson faults Iran nuclear pact as US plans new review

  Bloomberg US Secretary of State Rex Tillerson tore into a 2015 nuclear deal with Iran, saying it only delayed the country’s ambition to gain weapons of mass destruction and didn’t take into account its role in sponsoring terrorism and destabilizing other countries. “This deal represents the same failed approach of the past,” Tillerson said at a hastily arranged press ...

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Egypt killed 19 IS militants in Sinai, army says

  Bloomberg Egyptian aircraft struck IS hideouts in the Sinai peninsula, killing 19 militants, the military said, part of a stepped-up campaign against the group’s local affiliate since it bombed two Coptic churches on Palm Sunday. At least one senior member of the Ansar Beit al-Maqdis movement died in the strikes in north and central Sinai, according to a statement ...

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Gulf stock markets fall; UAE’s Union Properties, TAQA jump

  DUBAI / Reuters Profit-taking and weak first-quarter earnings weighed on Gulf stock markets on Thursday, with Saudi Arabia’s index pulled lower by petrochemical shares after oil prices fell sharply, but Dubai’s Union Properties and Abu Dhabi’s TAQA bucked the trend. Dubai’s index lost 1.0 percent as financially troubled builder Arabtec, which had jumped almost 11 percent on Wednesday after ...

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US stocks rise as treasuries, dollar slip

  Bloomberg US stocks rebounded while the dollar and Treasuries slipped, as major assets continued to churn in tight ranges amid corporate results and a string of potential geopolitical catalysts. The S&P 500 Index halted a two-day slide on earnings from American Express Co. and Qualcomm Inc. The greenback slipped against most of its major peers after its best day ...

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India’s ‘electrification Corp’ to lend $1.5bn for clean energy

  Bloomberg Rural Electrification Corp., a state-owned backer of India’s power sector, plans to lend billions of rupees to clean-energy projects and equipment makers this fiscal year as part of an expanded push into renewables that will also see it issue green bonds overseas. The non-banking financial company is aiming to triple its clean-energy lending and is expecting to set ...

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Oil trades low as OPEC plans vie with supply gain

  Bloomberg Oil traded near its lowest in two weeks as comments from some OPEC producers that the group will extend output cuts were undermined by signs of rising supply. Futures were little changed in New York after a gain in US output sparked a decline of 3.8 percent on Wednesday, the biggest loss since March 8. The first three ...

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Oman Oil seeks advice from banks to help sell assets

  Bloomberg Oman Oil Co., the sultanate’s state-owned energy producer, is seeking advice from banks to sell some energy assets and list units on the local stock market, following plans by its larger peer Saudi Arabian Oil Co. to offer shares to the public. The oil and gas producer, which has stakes in overseas businesses, wants to attract more foreign ...

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