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  Abu Dhabi / Emirates Business International Petroleum Investment Company (‘IPIC’ or ‘the Group’), wholly-owned by the Government of the Emirate of Abu Dhabi, recorded an operating profit of US$ 1.43 billion for the first half of 2016, with its core energy investments producing a robust performance despite the lower oil price environment. IPIC, which invests across the energy value ...

  DUBAI / Emirates Business The digital age has drastically altered how businesses market their products. Thanks to the meteoric rise of digital solutions, marketing has now emerged as a more powerful and a resource-rich function of business. Marketing, now more than ever, is the most integral function responsible for creating and sustaining an enduring relationship with the most important ...

  Bloomberg Shenhua Group Corp., China’s biggest coal producer, is seeking to limit sales of the fuel to end-users and choke off supplies to traders amid government pressure on the nation’s major miners to cool surging prices. The Beijing-based company has changed its thermal coal sales policy to limit how much trading companies can buy and allow some sales to ...

  Bloomberg Tencent Holdings Ltd. posted a 43 percent rise in third-quarter profit that only just missed expectations, as its consistent ability to attract Chinese gamers and social media mavens fueled advertising growth despite growing competition. Net income climbed to 10.6 billion yuan ($1.5 billion) in the three months ended September, the Shenzhen-based company said Wednesday. That compares with the ...

Äänekoski / AFP Nokia was once the motor of Finland’s economy, but since the demise of the company’s mobile phone business the Nordic country has struggled to find a new engine for growth. But after nine sluggish years and a three-year recession that ended in 2015, could Finland’s centuries-old, if unglamorous, forestry sector, hold the answer? A rare bit of ...

  Bloomberg The US has more gasoline than it knows what to do with. Exports have risen above imports for three consecutive weeks as recurring pipeline outages and higher production levels by refiners caused Gulf Coast inventories to grow. Typically a net importer of gasoline, the US has shipped a record amount of the motor fuel abroad and doesn’t show ...

  Sharjah / Emirates Business Hotels and hotel apartments across the Emirate of Sharjah welcomed a combined 1,318,748 guests in the first nine months of 2016 (January to September). The Sharjah Commerce and Tourism Development Authority (SCTDA) released the statistics as it took part in the World Travel Market (WTM) in London on November 7-9. The Authority headed a delegation ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, delivered a message on the occasion of the International Day of Tolerance in which he highlighted the values cherished by the UAE community. Following is the full text of the message: To my brothers and sisters, may peace be upon ...

  Athens / AFP US President Barack Obama flew into Athens on Tuesday on his final foreign trip to Europe, seeking to calm the nerves of allies concerned by Donald Trump’s shock presidential election victory. With Europeans worried by Trump’s downplaying of the importance of the NATO military alliance, Obama pointedly told Greek daily Kathimerini before his visit that Washington had ...

  Dubai / Emirates Business Reed Travel Exhibitions, organiser of the annual Arabian Travel Market (ATM) showcase in Dubai, which will take place at the Dubai World Trade Centre from April 24-27, 2017, announced that it will host the first ATM Global Halal Tourism Summit as part of its line-up of special focus events. The one-day summit, scheduled to take ...