August, 2016

• 30 August

  Sharjah literary landscape takes centre stage at USA forum

  

    Sharjah / Emirates Business Sharjah’s dynamic literary landscape took centre stage at an important international forum when two representatives from the Sharjah’s based cultural project took part in the recently concluded IFLA World Library and Information Congress. Rashid Al Kous, General Manager of Knowledge without Borders (KwB) and Majd Al Shehhi, Manager of its 1001 Titles initiative, both participated …

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• 30 August

  ISO accolades shower on Falconcity of Wonders

  

    Dubai / Emirates Business Falconcity of Wonders LLC, the developer of Falconcity of Wonders (FCW) the multipurpose mega project currently being built in Dubai, has announced that it has received three ISO certifications for Quality Management (ISO 9001) and Customer Satisfaction (ISO 10002 for Complaints Handling and ISO 10004 for Monitoring and Measurement). The distinguished international certifications reflect FCW’s …

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• 30 August

  du partners with Dubai Opera

  

    Emirates Business In line with its mission to support the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai and help make the UAE the happiest nation in the world, du is partnering with Dubai Opera, the newest, most exciting addition to the emirate’s bustling cultural scene. Over …

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• 30 August

  Al Montazah to bring ‘Hawaii’ to Sharjah

  Emirates Business Visitors to Al Montazah Amusement and Waterpark this Eid Al Adha will be able to immerse themselves in an atmosphere that has a distinctly tropical feel. Sharjah’s premier leisure destination has just announced its programme for the public holiday, with the island of Hawaii its central theme. Titled ‘Luau Escapade,’ Al Montazah’s Eid Al Adha programme aims to …

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• 30 August

  Saudi Electricity delays Jeddah expansion

  

    Reuters Saudi Electricity Co (SEC) will likely delay the planned expansion of its Jeddah South power plant, but is still expected to start tendering for a plant near Riyadh by the end of the year, industry sources told Reuters. The utility, the Gulf’s largest, faces multiple challenges as it tries to keep up with rampant growth in power demand …

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• 30 August

  Iran to seek investor bids in Oct with new oil contracts

  

    Bloomberg Iran will invite international oil companies to submit bids in October under the long-awaited new contract model for energy investors, as the OPEC producer seeks billions of dollars to boost output after years of international sanctions. The government will invite companies to bid to develop the South Azadegan field on Iran’s southwestern border with Iraq during the week …

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• 30 August

  Iraq blacklists tankers involved in shipping Kurdish crude

    Reuters Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on the semi-autonomous region amid tense talks on sharing oil revenue. Kurdistan has been exporting crude independently via Turkey since mid-2015 after saying Baghdad had failed to respect an oil revenue-sharing deal and transfer enough money to Erbil. Baghdad, which …

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• 30 August

  Saudi Tasnee to agree terms on $1.6bn debt

    Bloomberg Saudi Arabia’s National Industrialization Co., known as Tasnee, agreed terms with lenders to refinance around 6 billion riyals ($1.6 billion) of debt at its titanium unit after a slump in commodity prices, according to people with knowledge of the matter. The new debt will have a duration of three years — with the option to extend to five …

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• 30 August

  Deals freeze up in Australia’s lucrative office markets

  

    Bloomberg Dealmaking in Australia’s office market has plunged by the most since the global financial crisis as owners hang on to assets that are among the highest-yielding in the region. Commercial property transactions in Australia fell 57 percent to $7.5 billion in the six months ended June 30 from a year earlier, according to Real Capital Analytics, Inc. That’s …

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• 30 August

  China’s soybean imports rebound

  

    Bloomberg China’s soybean imports are likely to rebound in the fourth quarter as seasonal demand rises and processors in the world’s biggest buyer look to replenish supplies after lower-than-expected sales from state stockpiles, according to industry analysts. Sales from state reserves have totaled just 1.1 million metric tons, compared with expectations for 3 million to 4 million tons, said …

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