November, 2017

• 18 November

  MBRCGI organises ‘Make the Change’ Programme

  Dubai / WAM The Mohammed bin Rashid Centre for Government Innovation (MBRCGI), organised a training programme titled “Make the Change” in collaboration with the University of California – Berkeley. Drawing in participants from various federal and local government entities, the programme is part of a series of events and discussions organised by the Centre in collaboration with prestigious academic institutes …

  Read More »
• 18 November

  Dubai Property Show in Mumbai records 24% growth

  

  Dubai / Emirates Business The third edition of Dubai Property Show in Mumbai successfully concluded in India. Dubai Land Department’s flagship event registered visitor footfall of 5,108 people and generated enquiries worth AED 1.8 billion. “Indians truly understand the worth of property investment and that’s why they are always enthusiastic about this asset class. The exhibition received a very encouraging …

  Read More »
• 18 November

  Indian state oil firms bet on natural gas as next big thing

  

  MUMBAI / NEW DELHI / Reuters India’s state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi’s goal of making the fuel a bigger part of the country’s energy mix. State-owned oil companies – Indian Oil, Bharat Petroleum and Hindustan Petroleum – are planning to raise gas contributions to between …

  Read More »
• 18 November

  Crude short-sellers return as doubts loom on OPEC’s horizon

  

  Bloomberg Short-selling is rearing its head in the oil market again. After bullish bets on Brent crude hit a record and futures surged to two-year highs, hedge funds are pulling back with a sense that the rally reached its limit for now. Wagers on lower prices rose by the most since June as Middle East tensions took a backseat, while …

  Read More »
• 18 November

  China’s oil refiners rush to cash in on bumper profits

  

  BEIJING / Reuters Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after a rally in diesel and gasoline prices. Officials at five state-owned oil processors said they are refining and shipping as much product as possible after receiving generous …

  Read More »
• 18 November

  Chinese solar maker Longi mulls US plant as tariffs loom

  

  Bloomberg Longi Green Energy Technology Co., a Chinese solar manufacturer, is considering opening a US factory, a decision that may hinge upon the looming threat of import tariffs. Longi began evaluating the move before a US trade case was filed in April seeking tariffs to protect domestic manufacturers, Archie Flores, general manager of the Xian, China-based company’s US unit, said …

  Read More »
• 18 November

  US to account for 80% of world oil output growth in next 10 years

  BONN / Reuters The United States is expected to account for more than 80 percent of global oil production growth in the next 10 years and it will produce 30 percent more gas than Russia by that time, he International Energy Agency (IEA) said. “This has implications on the oil markets, prices, trade flows, investment trends and the geopolitics of …

  Read More »
• 18 November

  Pakistan LNG import project consortium folds

  LONDON / Reuters A consortium behind a liquefied natural gas (LNG) import project in Pakistan, including oil giant Exxon Mobil and France’s Total, has been dissolved, shipping company Hoegh LNG said. Hoegh LNG was due to supply the project’s ship-based import terminal, a floating storage and regasification unit (FSRU), where LNG brought in by tanker is converted back to gas …

  Read More »
• 18 November

  India’s highest credit rating makes PM Modi’s job harder

  

  Bloomberg Prime Minister Narendra Modi’s wriggle room to relax his deficit targets just got reduced by Moody’s Investors Service. The government was talking about easing its budget goals as sweeping policy changes hurt growth and revenue. Then Moody’s upgraded India’s sovereign rating to the highest since 1988, prompting a U-turn from the administration. “We’ll continue to maintain the glide path,” …

  Read More »
• 18 November

  Tencent sets record after best revenue growth in 7 years

  

  Bloomberg Tencent Holdings Ltd. rose to a record high after posting accelerated sales growth and topping the most optimistic of analyst estimates. The shares climbed 2.3 percent to a lifetime closing peak of HK$391.80 in Hong Kong, valuing the company at more than $477 billion. The owner of WeChat, the social network that is nearly ubiquitous in China, reported a …

  Read More »