December, 2018

• 19 December

  Dubai to unveil B2B ‘attractions marketplace’ next year

  

  Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) introduced a new business to business (B2B) online platform that will deliver an enhanced technological backbone to the emirate’s attractions and experiences, offering them integrated digital support and wider visibility among both domestic stakeholders and global markets. Launching in January 2019, the B2B ‘Attractions Marketplace’ has been ...

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• 19 December

  South Sudan sees $2bn in oil investments as just the start

  

  Bloomberg Recent pledges of $2 billion in investment for South Sudan’s oil may be just the start, with the war-torn nation expecting further agreements in early 2019, its petroleum minister said. Ezekiel Lul Gatkuoth’s prediction comes as the African nation’s warring sides prepare to form a power-sharing government in the latest bid to end five years of conflict. The country, ...

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• 19 December

  China splurges on Mideast, African oil

  Bloomberg China bought huge amounts of Middle East and West African crude as oil prices were collapsing in November. Oil tankers loaded 6.5 million barrels a day from ports in the two regions for Chinese buyers in November, a 26 percent increase compared with the average over prior 10 months, ship tracking compiled by Bloomberg shows. With deliveries taking between ...

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• 19 December

  Jagged Peak mulls bolt-on Permian acquisitions

  

  Bloomberg Jagged Peak Energy Inc is considering expanding its footprint in the oil-rich Permian Basin of West Texas and New Mexico, according to people with knowledge of the matter. The oil and gas company, with a market value of $2.2 billion, is working with an adviser to pursue bolt-on acquisitions, said the people, who asked not to be identified because ...

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• 19 December

  Samsung 5G network grab gets boost with Huawei, ZTE trouble

  

  Bloomberg Samsung Electronics Co. is making a new push in the market for wireless network infrastructure. This time, the South Korean electronics giant’s timing may be just right. Mounting concerns in Europe and elsewhere about letting China’s ZTE Corp. and Huawei Technologies Co. provide vital components for fifth-generation cellular networks have coincided with Samsung’s ambition to capture 20 percent of ...

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• 19 December

  SoftBank’s telecom unit shares tumble

  

  Bloomberg Shares of SoftBank Group Corp.’s domestic telecom business had one of the worst first-day declines ever in Japan after Masayoshi Son raised $23.6 billion in an initial public offering. SoftBank Corp., the new entity trading under ticker 9434 on the Tokyo Stock Exchange, declined 14.5 percent to 1,282 yen in Tokyo. That’s the biggest decline for a major IPO ...

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• 19 December

  Japan export growth stalls as trade-war risks cloud outlook

  

  Bloomberg Japan’s export growth slowed again in November, with shipments eking out a tiny gain, as weakening demand in China and trade-war risks cloud the outlook. The value of exports rose 0.1 percent from a year earlier, broadly in line with a median forecast for a 1.2 percent gain, according to the finance ministry. With the exception of a decline ...

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• 19 December

  Hong Kong to sell cheap homes in Kowloon city

  Bloomberg Hong Kong’s government is set to sell its first batch of cheap homes under a new programme to help people get on the property ladder in the world’s least affordable housing market. The “starter homes” in Kowloon, across the harbour from Hong Kong Island, will be priced at about 38 percent below market levels — or around HK$13,000 ($1,662) ...

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• 19 December

  Chinese drug regulator becomes world’s fastest

  

  Bloomberg China is blowing through regulatory milestones as it completes an astonishing transformation from a market where basic Western drugs were once scarce to one where life-saving treatments are available ahead of the US — all in less than a year. The latest announcement that China has approved an anemia treatment from AstraZeneca Plc and FibroGen Inc. ahead of the ...

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• 19 December

  China city eases home curbs, signalling policy shift

  

  Bloomberg An eastern Chinese city announced rule changes making it easier for people to sell homes, a move local media has called the first easing of such housing curbs nationwide in more than two years. Heze, a city of about 9 million, in 2017 began requiring individuals to own their homes for at least two years before putting them on ...

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