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Sunaina Rana / Emirates Business Responsible business practices and innovation can be catalysts for sustainable development. To drive this home, Abu Dhabi Sustainability Group (ADSG) hosted the second edition of the Abu Dhabi Sustainable Business Leadership Forum at Rosewood Hotel, Abu Dhabi on Wednesday. The two-day forum would be giving an opportunity to the leaders from around the Emirates and ...

ABU DHABI / WAM The UAE Ministry of Economy has said that the value of the country’s non-oil foreign trade reached AED1.75 trillion (US$476.4 billion) in 2015, a growth of up to 10 percent from 2014, according to its report. The figures in the first half of 2015 are positive indicators for the UAE’s foreign trade, including direct trade. In ...

Dubai / Emirates Business Gulfood 2016 is gearing up to provide some Italian tastes too. Eyeing the growing appetite for the UAE’s F&B market share — an estimated AED43 billion (US$11.7 million) industry — an organization from the country — Associazione Formaggi Italiani DOP e IGP — has grabbed a pavilion at the event. The Association of Italian PDO Cheeses, ...

Bloomberg The search for a grand bargain among oil producers shifted to the Iranian capital on Wednesday as Venezuela and Qatar energy ministers initiated talks with Iran and Iraq to try to expand an agreement to freeze crude production to shore up prices. The spotlight that fixed on Tuesday on Doha, Qatar — where Saudi Arabia and Russia tentatively promised ...

Bloomberg A unit of China Petrochemical Corp., the country’s second biggest oil and gas producer known as Sinopec Group, will shut four oil fields in the eastern province of Shandong for the first time in its more than half a century history. Sinopec Shengli Oilfield Co. will shut the Xiaoying, Yihezhuang, Taoerhe and Qiaozhuang fields to save as much as ...

Athens / Bloomberg Greece, struggling with more than €100 billion ($112 billion) of soured loans, wants to cap distressed debt sales, the country’s economy minister said. Resisting calls from creditors to further open the market, George Stathakis, 62, said the government wants to maintain restrictions on the sale of such loans to distressed debt funds. Under the latest accord signed ...

Brussels / Bloomberg Prime Minister David Cameron edged closer to securing an overhaul of the terms of Britain’s membership of the European Union, as fellow leaders signaled they were ready to help him get a deal at this week’s EU summit. With Cameron due in Brussels on Thursday for the second time in 48 hours, he won the backing of ...

DUBLIN / Bloomberg Irish Prime Minister Enda Kenny’s Fine Gael-Labour coalition looks set to lose its majority in the Feb. 26 general election, a poll late Tuesday in Dublin showed. That may push him toward Fianna Fail, which led Ireland into the worst banking crisis since the Great Depression. Bookmaker Paddy Power makes a first-ever grand alliance between the two ...

Paris / Bloomberg Former French President Nicolas Sarkozy was charged with illegal campaign financing in relation to his 2012 re-election bid, meaning he is now facing two possible trials in court as he contemplates an attempt to return to office. An investigative judge decided to charge the former French president for exceeding the legal limit for election expenses after questioning ...

London / Bloomberg Britain’s unemployment rate remains at its lowest level in a decade, official data showed on Wednesday. Unemployment stood at 5.1 percent in the three months to December, unchanged from the three months to November, the Office for National Statistics (ONS) said. That was the lowest rate, or proportion of the workforce that are unemployed, since October 2005. ...