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Dubai / WAM The Emirates National Oil Company Group (Enoc), on Tuesday announced the signing of an evergreen aviation fuel supply agreement with Indian Oil Corporation (IOC), the largest commercial oil and gas company in India. The strategic agreement builds on the strong partnership that Enoc and IOC have fostered over the last two years. With the evergreen contract, IOC will provide ...

ABU DHABI / WAM A high-tech facility at Khalifa Industrial Zone Abu Dhabi (Kizad), was launched on Tuesday, set out to provide a full suite of quality, conformity and HSE testing services for a wide ranges of sectors. Aman Integrated Solutions Lab was inaugurated by Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, Tarek Al Goweiny, ...

Bloomberg Amazon.com Inc claims the Pentagon failed to fairly judge its bid for a cloud contract worth up to $10 billion because president Donald Trump viewed company founder Jeffrey Bezos as his “political enemy.” Amazon Web Services, Amazon’s cloud unit, claimed in a lawsuit that was made public that the defence pepartment ignored Amazon’s superior technology and awarded the contract ...

Bloomberg A US federal commission has called for sanctions against India’s home minister and other top leaders if the country passes a controversial bill that will prevent Muslim migrants from neighboring countries from receiving citizenship. After hours of heated debate, India’s lower house of Parliament early Tuesday morning passed the Citizenship Amendment Bill (CAB) — the next step in Prime ...

Bloomberg LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, plans to sell its stake in a unit in Cambodia and use the proceeds to fund acquisition of microfinance firms in emerging markets from Brazil to India. LOLC Holdings plans to sell its 70% stake in Prasac Microfinance Institution Ltd, which also counts Hong Kong’s Bank of East ...

Bloomberg The billionaire behind six-month-old Vietnamese auto startup VinFast plans a feat even Toyota Motor Corp and Hyundai Motor Co couldn’t pull off during their early days: sell a car in the US. Pham Nhat Vuong, the Southeast Asian country’s richest man and now in charge of the new automaker, is so intent on exporting electric vehicles to the lucrative ...

Bloomberg China’s top leadership will set the target for economic growth at “about 6%” for 2020 as they meet this week for their annual policy conclave, according to a survey of economists. The central Economic Work Conference meeting began Tuesday and will wrap up on Thursday, according to people briefed on the plans, right as negotiators aim to finalise a ...

Bloomberg Nissan Motor Co is set to be fined 2.4 billion yen ($22 million) for underreporting former chairman Carlos Ghosn’s compensation, Japan’s securities regulators said. The Securities and Exchange Surveillance Commission made the recommendation just over one year after Ghosn’s arrest, which shocked the auto industry and triggered turmoil at the Japanese automaker and its alliance partner, Renault SA. Ghosn, ...

Dubai / WAM The 12th Arab Strategy Forum (ASF 2019), held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday outlined a comprehensive list of the greatest challenges and opportunities facing the region and the world over the next decade in the run-up ...

Dubai / WAM The UAE jumped 23 ranks in the United Nations Development Programme (UNDP), 2019 Gender Inequality Index (GII), ranking first in the Arab world and 26th globally. In a series of tweets, HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, highlighted the announcement, adding, “I am proud of this accomplishment ...