February, 2016

• 25 February

  UAE, Qatar focus on mutual investments

  

  Hence, we have to accelerate and adopt economic and unitary policies streamline the GCC system.” He pointed out that despite the remarkable development of the UAE-Qatar economic relations, the trade exchange between the two countries stood at over AED26.1 billion. He added that the numbers are still below the level of ambitions and aspirations of the wise leadership of the ...

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• 25 February

  Nakheel books another hotel for Ibn Battuta Mall expansion

  

  DUBAI / EMIRATES BUSINESS Dubai master developer Nakheel’s hospitality expansion took another leap forward, with the signing of a Letter of Intent (LOI) for a management agreement with Thailand’s Minor Hotel Group – one of the world’s fastest-growing hospitality companies – for a new, 372 room hotel at Ibn Battuta Mall. The LOI was signed in Bangkok by Nakheel Chairman ...

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• 25 February

  3rd annual Arab Paediatric Medical Congress opens

  DUBAI / WAM Under the patronage of the Ministry of Health and Prevention, the 3rd annual Arab Paediatric Medical has opened on Thursday, at the JW Marriott Marquis in Dubai, in conjunction with the 2nd Arab Neonatal Medical Congress and the 1st Arab Paediatric Orthopaedic Congress. Dr. Yasser Alnuaimi, expert advisor to the hospital sector of the Ministry, delivered the ...

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• 25 February

  US index futures fluctuate, rally in Europe markets

  

  NEW YORK / Bloomberg U.S. stock futures were little changed, after equities staged a late-day rebound, as investors assessed a selloff in China overnight and a rally in European markets. Salesforce.com Inc. jumped nearly 11 percent after giving a forecast that topped estimates. Best Buy Co. added 2 percent, erasing a decline even as its first-quarter forecast missed estimates. Restoration ...

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• 25 February

  Brazil Senate votes to limit Petrobras role in deep waters

  

  Bloomberg Brazil’s Senate approved legislation that relieves Petrobras of its role as sole operator and mandatory stakeholder in so-called pre-salt deepwater oilfields, potentially allowing the state-run company to direct resources to more profitable operations. Legislators on Wednesday night voted 40 to 26 in favor of the bill, which was introduced by opposition Senator Jose Serra and now goes to the ...

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• 25 February

  Cheniere to export 1st LNG cargo to Brazil

  

  Rio De Janeiro / Bloomberg Cheniere Energy Inc. expects to ship the first cargo of liquefied natural gas to Brazil with another tanker to be loaded a few days later, marking the historic start of U.S. shale gas exports and boosting its shares to the highest level in a month. The Asia Vision tanker will carry the first shipment of ...

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• 25 February

  Venezuela, Colombia woes hit Panama’s free trade zone

  Panama City / BLOOMBERG Panama’s free trade zone — the biggest in Latin America — is in crisis in large part because of economic woes sapping major export customers Venezuela and Colombia, Commerce Minister Augusto Arosemena said. “The patient (the Colon Free Trade Zone) is in a coma because re-exports have gone down and some companies have closed,” he told ...

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• 25 February

  Dilemma for US farmers: Which crop will lose the least money?

  

  Bloomberg For farmers who grow some of the biggest U.S. crops, choosing what to plant this year has become a bet on which one will lose less money. A three-year plunge in prices has sent farm income to the lowest in more than a decade and left parts of the Midwest agricultural economy in recession. While growers probably would lose ...

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• 25 February

  Emirates extends network to Yangon and Hanoi

  

  Dubai / WAM Emirates will launch a daily service from Dubai to Yangon (RGN) in Myanmar and Hanoi (HAN) in Vietnam, starting August 3, 2016. Utilising a Boeing 777-300ER aircraft in a three-class configuration, this new route will strengthen Emirates’ network of destinations in Southeast Asia, offer a new flight option to passengers travelling between Hanoi and Yangon, and open ...

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• 25 February

  Deluge of new tech at Sharjah Plastics, Printing & Packaging shows

  Sharjah / Emirates Business Within a day of its opening, the ongoing multi-industry show at Expo Centre Sharjah has become the region’s favorite hunting sourcing ground for new technology and equipment. The 3rd Plastivision Arabia, 3rd Arabia Mold and 2nd Print Pack Arabia got under way at Expo Centre Sharjah on Monday and ended on Thursday. “Top executives, decision-makers and ...

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