March, 2016

• 30 March

  UAE to join Riyadh’s Joint Gulf Expo

  WAM The UAE is participating at the 16th Joint Gulf Expo to be held in Riyadh under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdul- Aziz Al Saud. Set to run from October 27 to 30, the dedicated UAE pavilion at the event will include leading national companies and local exhibitors, as well as ...

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• 30 March

  Social media recruitment increases candidate reach in the UAE

  Emirates Business It is not hype, social media has pervaded everyday life comprehensively. In its uses, social media has transcended its nomenclature, and is now regularly used for activities that are traditionally considered, not ‘social’, such as job recruitment. According to the Society for Human Resource Management (SHRM), approximately 84% of organizations used social media for recruitment in 2015. “Social ...

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• 30 March

  Kuwait, Saudi to restart joint oil field

  Bloomberg Kuwait agreed with Saudi Arabia to resume production at an offshore oil field shared by the two OPEC members, the official Kuwaiti news agency reported, without giving a specific time for the restart. The two countries are preparing to start maintenance at Khafji, Kuwait News Agency reported, citing the nation’s acting oil minister, Anas al-Saleh, speaking in parliament. Production ...

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• 30 March

  Yellen in control of Fed message with stress on gradual approach

  

  Bloomberg Federal Reserve Chair Janet Yellen spelled out what she means by data dependence, asserting her leadership of the U.S. central bank with a clear message that interest rates will be raised at a cautious pace. In one of her most detailed policy discussions this year, Yellen gave investors a list of conditions they need to watch for future rate ...

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• 30 March

  A mystery bond in Venezuela has traders scratching their heads

  

  Bloomberg Bond investors in Venezuela have made a dispiriting discovery. Last week, traders started quoting prices on a $3 billion note issued by the nation’s state-owned oil company. While the eight-year securities were first sold in October 2014 under New York law, according to data compiled by Bloomberg, not much else is known. The bonds don’t trade on any U.S. ...

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• 30 March

  Brazil real drops as top bank weakens currency

  Bloomberg Brazil’s real led losses among its most-traded peers as the central bank stepped in to weaken the currency, extending a program announced this month after three years of trying to support the real. The real fell 0.3 percent to 3.6388 per dollar on Tuesday in Sao Paulo, the only drop among 16 major currencies, after earlier falling as much ...

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• 30 March

  Mexico’s first power auction awards 1,720 MW of wind, solar contracts

  

  Bloomberg Renewable energy developers won contracts to produce 1,720 megawatts of power in Mexico during the country’s first-ever private auction, after the government ended a decades-long state electricity monopoly in 2013. Seven wind and solar companies including Enel Green Power, SunPower Systems Mexico and Recurrent Energy won 15-year contracts to rights to provide the state-owned Comision Federal de Electricidad with ...

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• 30 March

  Despite corn and soybeans’ pile-up, US farmers plant more

  

  Bloomberg Illinois farmer David Erickson admits that what he and many U.S. farmers are about to do doesn’t seem to make much sense. With bulging stockpiles of corn and soybeans left over from last year’s harvest, they’re planting more in 2016 — even though the crops probably won’t be profitable. “It’s hard to get your head around the idea of ...

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• 30 March

  Rousseff’s power gets jolt as ally abandons Brazil government

  

  Bloomberg A move by Brazil’s largest party to depart from the ruling coalition further weakened the government and raised the odds that President Dilma Rousseff will lose the impeachment vote. The latest blow capped a month in which the least popular president in decades faced a wave of massive protests, fought accusations that she tried to obstruct a corruption probe, ...

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• 30 March

  Russia running ‘shadow government’ for east Ukraine

  Berlin / AFP Russia is running a “shadow government” in rebel-held territories of eastern Ukraine under the control of the FSB intelligence service, German daily Bild reported on Wednesday, citing minutes from an official commission. The report said that basic administrative functions of the cities of Donetsk and Lugansk are being run by six working groups at five Russian ministries. ...

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