March, 2016

• 5 March

  ISNR 2026: Demonstrating strong business opportunity

  

  ALKESH SHARMA / Emirates Business Building upon its dependable repute of acting as a fertile ground for facilitating industrial deals and MoU pacts, ISNR 2016’s Business Connect team is all set to arrange more than 3,000 meetings between government, private sector buyers, and exhibiting companies in the forthcoming edition. This is a nearly 60 percent growth over its 2014 edition, ...

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• 5 March

  CABSAT 2016 to focus on ‘content’

  

  RITIKA SHARMA / EMIRATES BUSINESS By creating one-of-its-kind dedicated platform for TV and film content industry to buy, sell and explore co-production business opportunities for the Arabic market, 22nd edition of CABSAT 2016 has rung a bell. Although the industry recognises the fact that content is the king in the world of media and entertainment, not much has been done ...

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• 5 March

  New advertising drive urges the young to do good

  

  DUBAI / Emirates Business A new advertising competition for the brightest young creative minds in the Middle East has been launched to highlight one of the world’s most under-diagnosed diseases. The Young Lynx Print Competition, a feature of the upcoming Dubai Lynx Festival, March 6-8 at Madinat Jumeirah, will call upon advertising executives under the age of 30 to come ...

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• 5 March

  Europe’s best tech conference coming to Dubai

  

  DUBAI / Emirates Business Codemotion, one of Europe’s largest tech conferences devoted to developing an ecosystem of innovation in coding, will arrive for the first time in the UAE on 1-2 April, offering a unique platform for pioneering developers and technical talents to meet and discuss the latest trends and advances in the field. Codemotion is now a regular feature ...

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• 5 March

  Qatar affirmed by S&P, standing out amid Gulf state downgrades

  

  Bloomberg Qatar’s AA credit rating was affirmed by Standard and Poor’s, which cited the nation’s ample natural gas reserves and an infrastructure investment program as drivers of continued growth. The country is standing out amid the spate of downgrades S&P has issued for energy exporters whose credit outlooks have worsened on plunging oil prices. The rating company has already cut ...

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• 5 March

  Coal prices may rise for first time in two years

  

  Bloomberg Potential supply cuts have the price of metallurgical coal — the kind used to make steel — poised to do something it hasn’t done since October 2013: Rise. The benchmark contract for the coal may gain by a few dollars in the second quarter amid speculation that China is curtailing supply amid high costs, Mark Levin, a coal analyst ...

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• 5 March

  This oil rally looks a lot like last it was during last spring

  

  Bloomberg What is the oil rally running on? “Gasoline!” cry bulls. “Fumes!” cry bears (and the odd headline writer). To find out who is right, it is worth comparing this rally with the one that happened almost exactly a year earlier. The similarity doesn’t end there. This chart shows what happened with oil prices at the start of this year ...

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• 5 March

  Defying global slump, USA hiring surges in February

  

  Washington / AFP US employers defied a global slowdown and pumped up hiring in February, fending off worries about financial market turmoil and the oil industry crash. The Labour Department reported that companies and government authorities added a much better-than-expected 242,000 jobs last month, and the figures for the previous two months were revised higher. Steady growth in consumer spending ...

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• 5 March

  Puerto Rico utility may pay contractors before debt

  Bloomberg Puerto Rico’s main water utility may not have enough money to repay certain bonds if it needs to redirect funds to pay contractors, according to a filing on the Municipal Securities Rulemaking Board’s website. The Puerto Rico Aqueduct and Sewer Authority’s board on Feb. 16 approved an alternative plan to divert money to pay contractors if the agency fails ...

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• 5 March

  Brazil’s Lula defiant after detention

  

  SAO PAULA / Bloomberg Brazil’s ex-president Luiz Inacio Lula da Silva vowed to battle his opponents in the streets in a defiant speech, hours after being briefly detained as part of a probe into a massive corruption scheme. Wearing a red shirt with his leftist Worker’s Party yellow star on his chest, Lula gave an emotional speech to supporters where ...

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