September, 2018

• 10 September

  DCT Abu Dhabi to launch three-city roadshow in India

  Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) is embarking on a three-city roadshow to India, along with partners and stakeholders, to help promote the emirate and encourage even more Indian visitors to explore and discover Abu Dhabi. The delegation, which includes the UAE’s national carrier Etihad Airways, Jet Airways, Yas ...

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• 10 September

  Second Maritime Leaders Roundtable seeks to boost UAE ports’ leadership

  

  Abu Dhabi / WAM Under the patronage of the Federal Transport Authority for Land and Maritime (FTA), the Tactics Maritime Media and Marasi News have successfully arranged, “The UAE Maritime Leaders Roundtable Discussion,” under the theme “To what extent do the UAE ports meet the current demands of the shipping industry?” The event brought together prominent maritime leaders from private ...

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• 10 September

  Jafza exhibits capabilities at Automechanika Frankfurt

  

  Frankfurt, Germany, Dubai Emirates Business Jebel Ali Free Zone (Jafza), the region’s premier business and logistics hub is showcasing its auto sector capabilities at Automechanika Frankfurt 2018, Europe’s most important trade show in the industry. Jafza has reinforced its position as the location of choice for the industry by handling over 800,000 vehicles including exports to over 175 countries in ...

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• 10 September

  US stocks pare gains as Trump pressures Apple

  

  Bloomberg Stocks pared earlier gains as shares of Apple and Asia-based suppliers slumped after President Donald Trump insisted his trade war with China will spur more manufacturing jobs in the US. The S&P 500 opened higher, breaking a four-day slide, before pulling back from the day’s highs. The Stoxx Europe 600 Index fluctuated in early trading before finding its feet ...

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• 10 September

  Pound surges after Barnier says Brexit deal within 8 weeks

  

  Bloomberg The pound rallied and gilts fell after the European Union’s chief negotiator Michel Barnier said it’s “realistic” to get a Brexit deal within eight weeks. Sterling jumped as much as one percent as Barnier said an agreement is possible by the start of November, though several issues were still outstanding in the talks. That includes measures to prevent the ...

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• 10 September

  Goldman model hints at pain for EM currencies

  Bloomberg Goldman Sachs Group Inc. models are signaling that some developing-nation currencies have further to fall, even after a slide unprecedented since the financial crisis. While this year’s sell-off has pushed emerging-market exchange rates into undervalued territory by at least one measure, they are not yet as cheap as in early 2016, analysts at the investment bank including Mark Ozerov ...

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• 10 September

  Solar farms without subsidy sprout from Britain to Italy

  

  Bloomberg Next to a wheat field north of London, banks of solar panels in 35 neat rows are generating electricity without any support from the government. Despite Britain’s reputation for grey skies, the closely-held developer Anesco Ltd. is building the hybrid solar and battery facility in Milton Keynes with its own capital. It’s just one of about 15 photovoltaic projects ...

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• 10 September

  AMLO targets $3.9bn in new oil investment to boost production

  

  Bloomberg Mexico’s next president Andres Manuel Lopez Obrador will allocate $3.9 billion in the budget next year to oil extraction in a bid to resuscitate flagging output. “We are going to allocate budget resources, we are going to make an effort to adjust current spending in order to have more public spending and from the private sector,” said Lopez Obrador, ...

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• 10 September

  Exxon moves ahead on China projects as trade tensions simmer

  Bloomberg Exxon Mobil Corp., the US energy behemoth, signed deals to move ahead on a proposed multibillion-dollar petrochemical project and a gas import terminal in southern China, contrasting with trade tensions between the two nations that may escalate this week. The Irving, Texas-based company signed cooperation framework agreements with the Guangdong provincial government, it said in a statement, following a ...

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• 10 September

  Malaysia scraps $3bn China pipeline plans

  Bloomberg Malaysia has finally scrapped three China-backed pipeline projects after halting work on them following the shock elections in May that saw an opposition alliance assuming power for the first time in the country. A finance ministry spokeswoman confirmed that the country has cancelled three China-backed pipeline projects. The Financial Times earlier cited Malaysian Finance Minister Lim Guan Eng saying ...

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