January, 2017

• 28 January

  Miral to prepare young Emiratis to tourism sector

    Abu Dhabi / Emirates Business Miral’s subsidiary Farah Experiences announced its Ambassador Program, a training and recruiting program focused on preparing Emirati talent in the travel and tourism sector. The program supports Miral’s ambition to contribute 2,500 jobs to the Abu Dhabi tourism industry by 2018; 1,000 of which will be part of the Warner Bros. World Abu Dhabi …

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• 28 January

  Cityland’s Central Park to display spectacular shows

  

    Dubai / Emirates Business The recently announced Cityland Mall project strengthened its credentials as the world’s first ‘nature-inspired’ shopping destination by revealing details of Central Park which is its prime attraction. The 200,000 sq. ft. open-air garden will form the core of the mall – in terms of both architecture and its anchoring role in providing a unique sensory …

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• 28 January

  UAE’s preparedness to host World Data Forum hailed

    Dubai / WAM Stefan Schweinfest, Director of the United Nations Statistics Division (UNSD) at the Department of Economic and Social Affairs, DESA, lauded the readiness of the UAE and its ability to host major international events. UNSD and DESA are responsible for the agenda of the World Data Forum, which the UAE will be hosting 2018. On the sidelines of …

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• 28 January

  US shale gas exports survive Trump-Mexico maelstrom

  

    Bloomberg It could take more than a political standoff between President Donald Trump and Mexico to keep US shale gas from flowing south. While Mexico works to reverse declining oil and gas production, the nation’s burning record amounts of natural gas pulled from tight-rock formations north of the border. Pipeline deliveries of the fuel from the US have more …

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• 28 January

  Oil falls as US drillers replace barrels lost in OPEC-led cuts

  

    Bloomberg Oil dropped from a three-week high amid speculation that increased US drilling will boost output, offsetting cuts by OPEC and other producers. Futures fell 1.1 percent in New York after failing to extend on Thursday’s 2 percent rally. Rigs targeting crude in the US rose this week by 15 to 566, the highest since November 2015, according to …

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• 28 January

  AltaGas joins Canada buying spree in US with $4.6bn deal

    Bloomberg Add AltaGas Ltd. to the list of Canadian companies that can’t seem to get enough of America’s energy assets. The Calgary power and gas supplier agreed to buy WGL Holdings Inc. — owner of the Washington utility that supplies natural gas to the White House — for $4.6 billion. The takeover will expand its reach in the US, …

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• 28 January

  Algerian firm signs $300mn farming deal

      ALGIERS / Reuters An Algerian company has signed a deal with a US group to set up agricultural projects worth $300 million in the North African country as it seeks to reduce dependence on imports, Algeria’s agriculture ministry said. Under the deal, privately-owned Algerian dairy company Tifralait and the American International Agriculture Group (AIAG) will set up a …

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• 28 January

  EON, RWE avoid N-tax cuts supply as demand peaks

  

    Bloomberg EON SE and RWE AG delayed the refueling of some reactors to this winter to avoid paying a tax that has cost them billions of euros in the past, damping supply just as cold weather increases demand. As a result, the nation’s nuclear production is at the lowest since 2011 and is expected to remain subdued through next …

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• 28 January

  India’s mobile phone price war triggers consolidation

  

    Bloomberg Executives atop India’s mobile-phone industry foresee a consolidation that could knock Bharti Airtel Ltd. out of first place in the $26 billion market. The catalyst: free calls and industry debt that has ratcheted up to more than double revenue. Billionaire Mukesh Ambani escalated a price war in September, vowing to reorder the market and luring tens of millions …

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• 28 January

  Gold exports to China soar in run-up to Lunar New Year

  

    Bloomberg Gold exports to China soared in the run-up to the start of the Lunar New Year, with volumes increasing in December from major suppliers Switzerland and Hong Kong. More gold was sent from Swiss refiners to the world’s top consumer than in any month since at least January 2014, according to data on the website of the Swiss …

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