August, 2017

• 14 August

  Rasasi Perfumes expands retail footprint in UAE

  DUBAI / EMIRATES BUSINESS Rasasi Perfumes, one of the leading perfume brands in the Middle East, expands its retail footprint in the UAE with new store opening at Mercato shopping mall, on Monday. The new store is the latest in a series of refurbishments and store openings for the home-grown business, as it experiences a period of extended and trend ...

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• 14 August

  Hawking TVs on tinder helps fuel rally for Brazil stock

  

  Bloomberg For starters, she’s an avatar. Even so, within 12 hours of hitting the dating app last June, the pretty-if-somewhat-stiff brunette had garnered more than 150,000 matches. Her admirers, both men and women, were on the hunt not for a hookup so much as a good deal on refrigerators and TVs. Onlookers from the developed world might be tempted to ...

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• 14 August

  Last component of Ichthys project arrives in Australia

  

  MELBOURNE / Reuters The last massive component of Australia’s $180 billion liquefied natural gas construction boom arrived on Monday, stepping up a race between Anglo-Dutch giant Shell and Japan’s Inpex to start chilling gas for export in 2018. Company reputations are at stake, as well as first access to overlapping gas fields and Australia leapfrogging Qatar as the world’s largest ...

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• 14 August

  Oil trades near $49 a barrel as Libyan supply disrupted

  

  Bloomberg Oil traded near $49 a barrel as Libyan output and exports declined amid security threats and a labor dispute in the port of Zueitina. Futures fell 0.3 percent in New York after Friday’s 0.5 percent gain. Libya’s biggest oil field cut output by more than 30 percent, a person familiar with the matter said Sunday, while the head of ...

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• 14 August

  Libya’s NOC probes security breaches at Sharara field

  TUNIS / Reuters Libya’s National Oil Corporation (NOC) said it was investigating security violations that had taken place in recent days at Sharara oil field, the country’s largest. The NOC gave no detail of the incidents in a statement released late on Sunday, but said the head of security at the field had reported that the breaches were due to ...

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• 14 August

  Saudi’s Jabal Omar to raise 4bn riyals via sukuk

  

  DUBAI / Reuters Saudi Arabia’s Jabal Omar Development Co, one of the largest listed property developers in the country, plans to raise 4 billion riyals ($1.1 billion) with local currency sukuk issues, sources familiar with the matter said on Monday. The company, which has taken out bank loans over the past few years to back its flagship development in Mecca, ...

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• 14 August

  China refinery runs at a 10-month low

  

  BEIJING / Reuters Chinese oil refineries operated in July at their lowest daily rates since September 2016, official data showed on Monday, to ease brimming inventories as state-owned oil giants faced off independents in a retail petrol price war. China, the world’s second-largest oil consumer, processed 45.5 million tonnes of crude in July, or 10.71 million barrels per day (bpd), ...

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• 14 August

  Britain’s natural gas plants get a boost from e-cars

  

  Bloomberg Britain’s goodbye to fossil-fuel cars by 2040 could boost the need for dirtier natural gas-powered stations. The government’s goal to replace gasoline and diesel cars with those powered by electricity could see the construction of so-called open-cycle gas stations, said Carsten Poppinga, senior vice president of trading and origination at Statkraft AS, the Norwegian utility that operates hydro power ...

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• 14 August

  Japan beats G-7 peers as domestic demand fuels GDP

  

  Bloomberg Japan’s second-quarter gross domestic product data put the nation in an unexpected spot: at the top of the growth table among Group of Seven advanced economies. The strongest domestic demand in years helped drive Japanese GDP to a sixth consecutive quarter of expansion, elevating hopes for a sustainable recovery in an economy that’s been better known in recent years ...

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• 14 August

  Alibaba, Tencent to deliver on ‘bets’

  

  Bloomberg Alibaba and Tencent can count themselves among the world’s costliest technology companies after a stellar run. To justify those lofty valuations, China’s two largest corporations have to deliver on some of the riskiest bets they’ve placed in years. Alibaba Group Holding Ltd., which created China’s largest online bazaar but has scant brick-and-mortar experience, spent $8 billion investing in a ...

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