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  Bloomberg PetroChina Co., the country’s biggest oil and gas producer, posted its smallest half-year profit since it was publicly listed in 2000 as the crash in oil prices continues to drag on earnings. Net income dropped 98 percent to 531 million yuan ($80 million), the state-run explorer said in a statement to the Hong Kong stock exchange on Wednesday. ...

  Bloomberg GLM Co., a Japanese automaker backed by former Sony Corp. Chief Executive Officer Nobuyuki Idei, said it’s close to winning its first deals to supply customized vehicle frames to companies seeking to produce electric cars. The Kyoto-based automaker is close to signing deals to supply vehicle platforms for about 10 carmakers, including some in China, founder and CEO ...

  Abu Dhabi / WAM With the cost of solar energy plummeting, the World Future Energy Summit 2017 (WFES) will showcase an unprecedented range of financially profitable clean energy solutions, opening up opportunities for green tech companies as the MENA region moves to achieve ambitious sustainability targets. Figures from the International Renewable Energy Agency (IRENA) show that the installed cost of ...

  Dubai / Emirates Business Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, on Tuesday announced a comprehensive redevelopment of City Centre Ajman that will see the mall almost double in size, from 29,000 to 52,000 sqm. With an estimated cost of AED 600 million, the expanded City Centre Ajman ...

  Al Ain / Emirates Business The Ministry of Climate Change and Environment and the Al Ain Zoo and Aquarium Public Institution agreed to join forces when it comes to spreading environmental awareness. The agreement came in the form of a Memorandum of Understanding (MoU) signed on Monday between Eng. Aisha Al Abdooli, Director of Environmental Awareness and Education Department ...

  Kiev / AFP Ukraine marks the 25th anniversary of its freedom from Kremlin rule Wednesday with moves to sweep away its totalitarian past and embrace a European future while grappling with its tense relations with Russia. A nation that once served as a geopolitical bridge between Moscow and the West is now the source of a deep and dangerous ...

  Dubai / Emirates Business Consumers across the Middle East would do well to wait until October to make their technology purchases this year given the extraordinary savings they will make at GITEX Shopper 2016. The region’s largest and most anticipated consumer electronics show continues to attract both the world’s top tech brands and the region’s largest power retailers. Taking ...

  Dubai / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, has partnered with luxury department store Bloomingdale’s – Dubai as the retailer launches its Fall 2016 seasonal campaign. The airline is showcasing its iconic ‘penthouse in the sky’, The Residence, inside the store at Dubai Mall. Etihad Airways will also offer Bloomingdale’s – Dubai customers ...

  Bloomberg China is throwing the world’s leaders a party, and oil bulls may be hit with the hangover. Authorities in the Asian nation have ordered hundreds of factories to curb activity ahead of the Group of 20 summit in Hangzhou in early September, in a bid to ensure blue skies when the red carpet is rolled out. The curtailments, ...

  Bloomberg Indian refiners that have benefited from the scrapping of fuel subsidies still have room to extend their world-beating surge on improving margins and cheap valuations, according to SBI Life Insurance Co. The rally still hasn’t caught up with fundamentals, said Gopikrishna Shenoy, chief investment officer at SBI Life, India’s second-biggest private insurer by assets under management. Indian Oil ...