February, 2019

• 16 February

  DP World increases water supplies to Berbera, Somaliland

  

  BERBERA / WAM DP World has launched a new water distribution centre increasing water supplies in Somaliland’s Berbera by 60%. The $1 million project started in 2018 and includes four water wells, two shallow pools, two water troughs, a concrete reservoir tank and seven kilometre pipeline connected to the main water supply. The project, powered by a hybrid solar system ...

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• 16 February

  RTA opens main bridge leading to Expo 2020 site

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has opened on Saturday a main bridge at the intersection of Expo Road and Al Asayel Street. The bridge is a part of Phase 5 of the roads network leading to Expo site. The completion rate of this phase has exceeded 50 percent, and construction will complete this June. “RTA has ...

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• 16 February

  Dafza to showcase premium services to F&B sector at Gulfood

  

  Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) announced its participation in the 24th edition of Gulfood, which is taking place at Dubai World Trade Center between February 17-21, under the theme “The World of Good, The World of Food”. Dafza is one of the UAE’s biggest supporters of the Halal food industry, and will highlight its efforts to ...

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• 16 February

  India should call a truce in its US trade conflict

  

  US and Indian officials met in New Delhi last week for what promises to be a tetchy summit. The trade relationship between their countries has never been easy. The fact that India has a $22-billion trade surplus with the US — despite running a deficit with many of its other major trading partners — is particularly annoying to the Trump ...

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• 16 February

  Japan’s economy isn’t hopeless

  

  Stop seeing Japan as a wasteland. The country’s economy, the world’s third largest, still matters. Japan isn’t stuck in a hopeless demographic-driven hole without escape. Rather, the three decades since the Bubble burst have had their ups and downs. Look at the fourth-quarter gross domestic product numbers. They aren’t brilliant; they aren’t terrible. What makes them interesting is their ordinariness: ...

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• 16 February

  Apple doesn’t need to remake video to succeed at it

  

  In Apple Inc.’s effort to become more than the iPhone company, it has become savvier about pitching people apps, started a digital music subscription, and created an app for reading news. Apple is still the iPhone company despite those tactics. But consumers don’t have to wait long to see the next steps in Apple’s attempted transformation. Among the company’s coming ...

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• 16 February

  Shell eyes limit to ‘how clean oil output can be’ in climate push

  

  Bloomberg There’s only so much you can do to make oil and gas production cleaner. That was a key realization behind Royal Dutch Shell Plc’s decision to set targets to reduce greenhouse-gas emissions not just from its own operations, but also from the products it sells which are consumed by others. So far, it’s the only oil major to do ...

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• 16 February

  Trump, Xi hail progress in trade talks as tariff deadline nears

  

  Bloomberg President Donald Trump hailed progress made in trade talks with China this week, saying he may extend a tariff truce and take steps to sell a potential deal with opposition lawmakers. Trump’s comments signal the two sides may be approaching a deal after two days of high-level talks in Beijing. The two countries said they are working towards an ...

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• 16 February

  Go-Jek fields bank pitches amid $3bn funding campaign

  

  Bloomberg Go-Jek, Indonesia’s most valuable startup, is choosing an adviser to help with fundraising as it expands rapidly in the competitive Southeast Asian ride-hailing industry, people with knowledge of the matter said. The firm recently asked investment banks to pitch for a role working on its ongoing financing round,. Go-Jek could seek to bring in as much as $2 billion ...

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• 16 February

  Rate-cut fervour sees funds favouring India’s short bonds

  

  Bloomberg India’s shorter-maturity bonds are set to outperform as traders boost the odds the central bank may cut interest rates again as soon as its April meeting. That’s one of the reasons asset managers such as DHFL Pramerica Asset Managers Pvt. and HDFC Standard Life Insurance Co. favor the front-end of the yield curve. At the same time, escalating concern ...

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