December, 2017

• 25 December

  ‘Innovation in real estate best practices’ event held

  

  Dubai / Emirates Business Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), organised the ‘Innovation in Real Estate Best Practices Event’ to coincide with the announcement of the second edition of the Gulf Real Estate Awards, which will take place in 2018. A select group of professionals from different segments of the real estate sector ...

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• 25 December

  Dulsco recognized by Dubai Airports for HSE initiative

  Dubai / Emirates Business Dulsco, a regional leader in people and environmental solutions, has been recognized for its ‘Bulb Eater’ initiative at the 2017 Dubai Airport Safety Awards. The ‘Bulb Eater’, which won the ‘Best HSE project’ category at the ceremony, was developed in response to the large amount of used light bulbs that were being disposed of at Dubai ...

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• 25 December

  Japan’s LPG imports from US poised to double in 2017

  

  Bloomberg Japan’s liquefied petroleum gas (LPG) imports from the United States are expected to double in 2017 to a record and account for around half of its total purchases, government and shipping data showed. The surge comes as shale oil and gas output lifts overall US production. As with crude oil, the American exports displace LPG from the Middle East, ...

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• 25 December

  Trump’s tariff looms large for solar firm’s sale

  

  Bloomberg SolarWorld Americas Inc., one of two US solar manufacturers asking President Donald Trump for tariffs on imported panels, says the move could revive a struggling industry. It may also boost the company’s value ahead of a potential sale. The manufacturer, owned by bankrupt German panel maker SolarWorld AG, has already invited more than a dozen suitors to submit non-binding ...

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• 25 December

  Iraq invites bids to build Kirkuk export pipeline

  

  Bloomberg Iraq has given foreign energy companies a month to signal their interest in building a new export pipeline from the Kirkuk oilfields in the north of the country. The new pipeline will replace an old and severely damaged section of the Kirkuk-Ceyhan pipeline. It will start from oilfields near Kirkuk and extend to the Fish-Khabur border area with Turkey. ...

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• 25 December

  Russia backs gradual, managed exit from oil supply cuts

  

  MOSCOW / Reuters OPEC and Russia will exit from oil production cuts very smoothly, possibly extending the curbs in some form to avoid creating any new surplus in the market, the Russian energy minister told Reuters. Alexander Novak also said in comments cleared for publication that he saw no direct connection between the oil cuts and Saudi Arabia’s plan to ...

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• 25 December

  Slower growth acceptable to tackle debt, smog, says China

  

  Bloomberg China can achieve a goal of doubling the size of its economy by 2020 even if annual expansion slows to 6.3 percent, according to a senior Communist Party official, signalling a greater willingness to tackle debt and pollution at the expense of growth. In its blueprint for 2016 to 2020, China set a minimum annual growth target of 6.5 ...

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• 25 December

  PSA replaces Asia chief after China sales slump

  

  Bloomberg PSA Group is replacing its head of Asian operations as the maker of Peugeot and Citroen cars struggles to stem a sales slump in China. Denis Martin, 61, who’s been managing the China and southeast Asia region since 2016, is leaving to pursue “personal projects,” and will be succeeded in the role by Carlos Gomes, who currently leads Latin ...

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• 25 December

  ‘Shanghai to replace Paris as growth centre’

  

  Bloomberg Shanghai will replace Paris in the top five of global city economies by 2035 in a sign the balance of the world’s economy is shifting east, according to an Oxford Economics study. The top 780 cities in the world, which already produce almost 60 percent of global activity, will add almost half a billion more people and $32 trillion ...

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• 25 December

  Singapore bans two more people for 1MDB breaches

  Bloomberg Singapore banned two more financial professionals over breaches related to 1Malaysia Development Bhd., taking to eight the number of prohibitions handed down by the city in connection with the troubled state investment fund. The Monetary Authority of Singapore issued a lifetime prohibition order on former private banker Yeo Jiawei and placed a three-year ban on Kevin Scully, the former ...

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