April, 2017

• 13 April

  UK’s fading gas fields lead to surge in imports

  

    Bloomberg Relying on natural gas to fuel Europe’s second-largest economy was never going to be easy for the UK, even before Brexit. Britain’s once vast North Sea gas fields are fading, and even after a decade of trying, the island nation hasn’t replicated the fracking boom that turned the US into the world’s largest producer. Gas imports have jumped ...

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• 13 April

  Trump threatens health subsidies to poor to force negotiations

    Bloomberg President Donald Trump might withhold payments under Obamacare that are used to help poor people afford medical services in order to force Democrats to negotiate changes to the health law, he told the Wall Street Journal in an interview. Those payments to lower-income people, called cost-sharing-reduction subsidies, have been at the center of an almost three-year legal battle ...

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• 13 April

  Akzo fight with PPG escalates as Elliott wants chairman out

  

    Bloomberg The battle for control of Akzo Nobel NV escalated after Elliott Advisors called for the chairman’s ouster, drawing a fiery retort from the Dutch paint maker suggesting the activist shareholder is working with PPG Industries Inc. on its $24 billion takeover offer. The removal of Chairman Antony Burgmans would be irresponsible and damaging, and Elliott’s move for a ...

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• 13 April

  Britain’s lenders make it harder to borrow money after BOE warnings

  

    Bloomberg Britain’s major banks are making it tougher for consumers to get unsecured credit, which may slow the pace of lending that the Bank of England has identified as a risk to financial stability. In its Credit Conditions survey, the BOE said its measure of the availability of unsecured credit fell to minus 6.6 in the first quarter, to ...

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• 13 April

  Battle to save a dying ‘coal plant’ goes to Washington

  

    Bloomberg The view from the biggest coal plant in the US West is spectacular: red rock buttes and wide desert vistas that change color with the movement of the sun. Set against this backdrop, the station’s towering smoke stacks seem to disrupt the serenity of the landscape, its three concrete pillars spewing a perpetual stream of heat and gas. ...

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• 13 April

  RAK sees 35% growth in Indian visitors

  

    RAS AL KHAIMAH / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA), which develops the emirate’s tourism infrastructure and initiates its domestic and overseas promotions, conducted a media and trade roadshow in India this week to outline its 2017 strategy for the Indian market. Visitors from India to the emirate in Q1 2017 grew 35 percent, while the ...

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• 13 April

  SBWC workshops to boost women entrepreneurs

    SHARJAH / Emirates Business Sharjah Business Women Council (SBWC) will hold two workshops that will offer participants a glimpse into the art of photography and videography, as well as table setting, and how women can turn those skills into a business. The first workshop, which will take place on April 16-18 between 10am to 2pm at the Sharjah Art ...

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• 13 April

  DIAC shares best practices with Chinese delegation

  

    DUBAI / WAM The role of commercial arbitration in settlement of disputes and in ensuring an investment-friendly environment was the main topic of discussion at a meeting held by the Dubai International Arbitration Centre (DIAC), with a high-ranking Chinese delegation. The meeting touched on ways of exchanging expertise in areas of arbitration, being an ideal alternative to litigation in resolving ...

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• 13 April

  Abu Dhabi University to open new campus in Dubai

    ABU DHABI / WAM Abu Dhabi University, ADU, announced on Thursday its plans to open a new campus in Dubai offering master’s degree programmes in law, business and engineering. The announcement was made during ADU’s participation at Gulf Education & Training Exhibition, GETEX, the leading student recruitment event that’s currently underway in Dubai. The university’s expansion drive is aligned with ...

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• 13 April

  Profit taking drags Mideast as Q1 result optimism fades

  

    DUBAI / Reuters Profit taking dragged most stock markets in the Middle East lower on Thursday, erasing most of the previous session’s gains as some of the optimism generated by generally positive first quarter results faded. Saudi Arabia’s index retreated 0.3 percent, after rising 0.9 percent on Wednesday when Saudi British Bank reported an earnings beat and banking shares ...

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