April, 2016

• 7 April

  ENEC updates int’l experts at Nuclear Fuel Conference

  Abu Dhabi / Emirates Business The Emirates Nuclear Energy Corporation (ENEC) provided a project update on the status of the UAE peaceful nuclear energy programme and the Barakah site to international nuclear industry leaders attending the inauguration of the World Nuclear Fuel Cycle (WNFC) conference, which was recently held in Abu Dhabi. The capital of the UAE was selected to ...

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• 7 April

  Now, travel Etihad Airways Business Class at 50 percent the actual price

  

  ABU DHABI / Emirates Business Etihad Airways, the national airline of the UAE, is offering savings of up to 50 percent on its award-winning Business Class service, giving guests a fantastic opportunity to enjoy the airline’s premium experience to exciting destinations around the world. The offer, running from April 7 until April 13, in the UAE, is also available from a ...

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• 7 April

  All-new tough and sophisticated Toyota Innova to enter UAE

  

  Dubai / EMIRATES BUSINESS Japanese automotive manufacturerToyota launched the all-new 2016 Toyota Innova in the Emirates. The new Multi-purpose-vehicle (MPV) with enhanced performance and versatility would be available at the Al-Futtaim Motors, the exclusive distributor for the brand. “We are glad to announce the launch of the new Toyota Innova in the UAE. I would like to say that the ...

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• 7 April

  DWTC to host 20 trade and consumer events in April

  

  Dubai / Emirates Business Continuing its efforts to drive the region’s MICE sector forward, and further strengthening Dubai’s position as a leading global business destination, Dubai World Trade Centre (DWTC) is hosting 20 trade and consumer events this April, expecting over 400,000 visitors and 6,000 exhibitors across key industries including healthcare, transportation, travel and tourism, education, leisure and entertainment, luxury ...

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• 7 April

  Iraq to lower oil price forecast to $32 a barrel in 2016 budget

  BAGHDAD / Reuters Iraq plans to lower the oil price forecast in its 2016 budget to about $32 a barrel from $45, widening its fiscal deficit by several billion dollars, the International Monetary Fund (IMF) and a senior government official said. The new price estimate is based on the continued low level of global oil prices in recent months, said ...

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• 7 April

  There’s a $2-tn GDP boost in shrinking the USA gender gap

  

  Bloomberg Improving gender equality would add at least $2.1 trillion to U.S. gross domestic product by 2025, according to a McKinsey Global Institute study, a boost roughly the size of the Texas economy. “We were surprised that there was such a large economic opportunity still at stake” because the U.S. is a relative leader in gender parity, said Kweilin Ellingrud, ...

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• 7 April

  Venezuela declares every Friday a holiday to save electricity

  Bloomberg Venezuela’s President Nicolas Maduro has designated every Friday in the months of April and May as a non-working holiday, in a bid to save electricity as a prolonged drought pushes water levels to a critical threshold at hydro-generation plants. The country will unveil details of a 60-day plan to conserve energy, Maduro said, adding that measures would include asking ...

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• 7 April

  Crystallex awarded $1.4 billion in Venezuela arbitration case

  Bloomberg Crystallex International Corp. said it was awarded $1.4 billion from a World Bank arbitration court over Venezuela’s nationalization of an untapped deposit that the Canadian miner has said holds millions of ounces of gold. The award, issued by the International Centre for Settlement of Investment Disputes, upheld Crystallex’s claims that Venezuela breached an investment treaty “by failing to accord ...

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• 7 April

  Mexico’s power bid may spur $4bn for renewables

  Bloomberg Mexico may raise as much as $4 billion for clean energy projects this summer as the government seeks to continue a tender process that produced its first results last week. The next auction due in August will be 50 percent bigger than the one that just concluded with expectations for $2.6 billion of investment in the renewables, said Cesar ...

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• 7 April

  Argentina GDP revamp stuns bond traders and investors

  

  Bloomberg President Mauricio Macri of Argentina has become a market favourite by undoing many of the heavy-handed policies of his predecessor. But now some bond analysts say that he’s taking a page out of her playbook. Last week, the government said it will change the way it measures the economy, sparking concern that holders of warrants tied to Argentina’s growth ...

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