March, 2018

• 7 March

  RAKEZ strengthens India ties with new Mumbai office

  Mumbai / Emirates Business In a bid to strengthen ties with overseas clients, Ras Al Khaimah Economic Zone (RAKEZ) has launched its new office in India at the strategically important Bandra Kurla Complex in Mumbai. The opening of the office, which was witnessed by His Highness Sheikh Ahmed bin Saqr Al Qasimi, RAKEZ Chairman, VIP government representatives and senior industry …

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• 7 March

  Deyaar ties up with Microsoft to enhance digital strategy

  Dubai / Emirates Business Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, adopts Microsoft’s cloud solutions, cyber security products, and business intelligence capabilities to optimise costs and spearhead innovation across operations and processes. Both companies will work together to redefine Deyaar’s customer experience with a virtual-tour application using Microsoft’s mixed-reality HoloLens device, create a …

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• 7 March

  SCCI to host 5th edition of ‘Acres’ exhibition

  Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), the Sharjah Real Estate Registration Department and the Real Estate Sector Business Group in Sharjah have announced the details of the 5th edition of the Acres 2018 real estate exhibition, which is being held under the patronage of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member …

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• 7 March

  DLD to name winners of ‘Gulf Real Estate Awards’ on March 21

  DUBAI / Emirates Business Dubai Land Department (DLD) has announced that the closing ceremony for the second edition of the Gulf Real Estate Awards will take place on March 21, when the winners for the programme’s 22 categories will be announced. DLD has confirmed that over 170 entries were submitted by companies operating across various real estate fields in the …

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• 7 March

  US stocks pare drop, Treasuries rise, dollar surges on trade bets

  

  Bloomberg US stocks pared declines, while Treasuries rose as investors assessed the possible fallout from President Donald Trump’s push to implement punitive trade tariffs on some products. The dollar turned higher versus major peers. The S&P 500 Index remained on track for the first drop in four days, though overnight declines sparked by the resignation free-trade proponent Gary Cohn and …

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• 7 March

  Gulf stocks down with global markets; Saudi, Egypt defy trend

  

  Reuters Gulf stocks mostly fell on Wednesday, with only Saudi Arabia resisting a broad decline in global markets after the resignation of a key White House economic adviser sparked fears of a trade war. The departure of Gary Cohn, who had opposed US President Donald Trump’s plan for tariffs and was seen as a bulwark against protectionist forces within the …

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• 7 March

  Aramco: Peak oil demand fears overblown

  

  Bloomberg Saudi Arabia’s oil company isn’t afraid of electric vehicles. As it prepares to sell a stake in the company to investors, the CEO reassured a Houston audience that the need for petroleum isn’t going away any time soon. “I am not losing any sleep over ‘peak oil demand’ or ‘stranded resources,”‘ Saudi Aramco Chief Executive Officer Amin Nasser said …

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• 7 March

  Chinese oil majors urge tax breaks for building gas storage, imports

  BEIJING / Reuters Top officials from China’s two largest oil and gas producers have urged the government to offer tax breaks for the building of gas storage facilities and importing liquefied natural gas (LNG) to help avoid another gas crunch in the winter ahead. Sinopec Vice President Ma Yongsheng said the central government should subsidise the construction of underground gas …

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• 7 March

  Tesla losing top spot in solar to Sunrun

  

  Bloomberg Elon Musk is no longer leading the charge in residential solar. Tesla Inc. installed 87 megawatts of commercial and residential solar in the fourth quarter, including about 50 megawatts at homes, according to a GTM Research estimate. Rival Sunrun Inc. added 85 megawatts of residential systems in the same period, according to a statement. Counting only that part of …

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• 7 March

  US inflation is ECB’s risk as bonds show end of decoupling

  

  Bloomberg European Central Bank officials considering when to end their bond-buying program have a new reason to move carefully: US inflationary pressures are helping to push up euro-zone borrowing costs. President Mario Draghi and his colleagues spent years insulating the single-currency area from global financial markets as it recuperated from a double-dip recession, debt crisis and brush with deflation. Now …

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