August, 2016

• 4 August

  Minmetals land pays $515mn for Hong Kong Kowloon site

  

    Bloomberg Minmetals Land Ltd., a Chinese developer, outbid Hong Kong giants Sun Hung Kai Properties Ltd. and Sino Land Co. with an HK$4 billion ($515 million) offer for land in the territory’s Kowloon district. The price works out to about HK$7,058 per square foot of saleable area, according to calculations by Bloomberg News based on figures released by the ...

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• 4 August

  Digital marketing top of the agenda for hoteliers

  

    Dubai / Emirates Business From a survey of UAE hoteliers, organisers of The Hotel Show Dubai discovered that a strong digital marketing strategy is at the top of the agenda. Undertaken by dmg events to identify which topic would be of the most interest to UAE hospitality industry professionals in an external training course, the results of the survey ...

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• 4 August

  mCarbon picks Dubai as its Mideast hub

    Dubai / Emirates Business mCarbon, India’ leading mobile technology service provider, is the largest supplier of airtime advance and credit in the world and has established itself as a clear leader in the space. The company has chosen Dubai as its Middle Eastern headquarters. With 8 million transactions a day, the product touches almost 400 million subscriptions every month. ...

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• 4 August

  Azizi’s Yasamine Residence complete

    Dubai / Emirates Business Azizi Developments, a leading UAE-based real estate developer with a global reach into many growing international markets, announced on Thursday that it has been awarded its “Certification of Completion” for its residential building, Azizi Yasamine, in Al Furjan, Dubai. Located minutes away from the World Expo 2020 site, the Azizi Yasamine Residence is a 12-storey ...

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• 4 August

  Habtoor hosts fun visit for Dubai’s Family Village kids

    Dubai / Emirates Business In the line with UAEs’ initiative for the care of orphans and minors launched in 2015 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai and in support of orphan children. The Habtoor Grand Resort in Dubai hosted children, care-givers and administrative staff ...

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• 4 August

  du’s ‘Ice Age’ surprise for differently-abled children

  

    Sharjah / Emirates Business du delighted 45 children with disabilities from the Sharjah City for Humanitarian Services (SCHS) in Dubai with a special Arabic premiere of Ice Age: Collision Course at VOX Cinemas in Mirdif City Centre. Regularly engaging fans through its du Tuesday and du Live! platforms, the leading entertainment telco gave the children, accompanied by their parents ...

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• 4 August

  MENA drives LNG demand as glut makes prices attractive

  

  Bloomberg Countries in the Middle East and North Africa led by Egypt, Kuwait and Morocco are boosting liquefied natural gas import capacity, taking advantage of low prices to meet rising energy demand. The region plans to add permanent terminals and temporary, off-shore units that will increase annual capacity by 58.2 billion cubic meters in 2021, energy lender Arab Petroleum Investment ...

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• 4 August

  Iran adopts oil pact as glut no barrier to boost output

  

    Bloomberg Iran approved a new oil contract model, taking the OPEC nation a step closer to welcoming foreign investment in its energy industry and boosting production even more into an oversupplied market. The contract model was approved at a cabinet meeting Wednesday, according to the official Islamic Republic News Agency. Priority will be given to boosting output at jointly ...

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• 4 August

  Transcorp stops $1bn Nigeria power plan

  

    Bloomberg Transnational Corp. of Nigeria Plc suspended plans to build one of the nation’s biggest power plants as a local gas shortage makes it difficult to obtain fuel and a downturn in Africa’s largest economy hinders efforts to raise funds for the project. The company in 2014 said it would raise $1 billion to build a 1,000-megawatt gas-fired facility. ...

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• 4 August

  Oil steady after biggest gain in three weeks on fuel supply drop

  

    Bloomberg Oil traded near $41 a barrel after U.S. gasoline supplies fell the most since April, retreating from the highest seasonal level in at least two decades. Futures were little changed in New York after advancing as much as 1.4 percent earlier. Prices climbed 3.3 percent on Wednesday, the most in three weeks. Inventories of the motor fuel slid ...

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