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Abu Dhabi / Emirates Business Tadweer (Center of Waste Management – Abu Dhabi) has launched “Your health is important to us” initiative for its employees, with the personal participation of the Center’s General Manager, HE Eisa Saif Al Qubaisi. A number of staff from Tadweer’s headquarters in Abu Dhabi and Al Ain Branch walked for 15 minutes within the Delma ...

Dubai / EMIRATES BUSINESS Juma Al Majid, the sole distributor for Hyundai vehicles in the UAE is celebrating its win at the Wheels Car of the Year 2016. The All-New Hyundai Tucson was recognised as the best cross over at the gala event which was held at the Address Dubai Mall Hotel. The Awards ceremony was held to recognise excellence ...

Bloomberg Petroleo Brasileiro SA secured a $10 billion loan from the China Development Bank as the beleaguered state-owned oil producer endures the worst crude market in a generation and faces more than double that amount in maturities over the next two years. The lifeline is part of a deal to supply crude to the Asian country, Rio de Janeiro-based Petrobras ...

Emirates Business Gobi Coal & Energy (Gobi Coal) has announced its ongoing strategic initiative to expand across the energy resources value chain into hard coking coal, coking coal mine consolidation, and graphite and uranium development and mining both inside and outside of Mongolia. During 2015, Gobi Coal successfully completed a drilling program at its primary coking coal mine at Shinejinst. ...

Bloomberg Japan is preparing to test its biggest project yet for capturing and storing greenhouse gas pollution under the seabed despite concerns about cost and the safety of pursuing the technology in a region prone to earthquakes. Engineers plan to inject carbon dioxide into deep saline aquifers off the coast of Hokkaido at the northern tip of the nation starting ...

On February 5, 2016, Chinese President Xi Jinping made an official statement acknowledging Serbian statehood day. In the press release that followed, Xi highlighted deepened cooperation between China and Serbia in recent years, and reaffirmed China’s intentions to expand economic links with Serbia in the years to come. This statement came on the heels of announcement by Chinese ambassador to ...

Eight years after Kosovo declared its independence from Serbia, five European Union states still refuse to recognize it. They need to relent. They are contributing to an economic and security sinkhole in the heart of the Balkans — and if history is any guide, that’s a bad idea. During a chat with Kosovo’s Prime Minister Isa Mustafa as he passed ...

Bloomberg Asian and European stocks fell with U.S. equity futures after Group of 20 finance chiefs made only vague commitments to spur growth at a Shanghai meeting. Japan’s yen rose with gold as haven assets were favoured. The MSCI Asia Pacific Index slipped to a one-week low and the Stoxx Europe 600 Index declined for the first time in three ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 1.56% to close at 4356.37 points. Accordingly the Market Capitalization has gained AED 10.82 billion AED attaining AED 706.66 billion. A total of 1.63 billion Shares were traded with a total value of AED 2.05 billion during the trading session of 2016-02-29 through 17932 transactions. The number of companies ...

BEIJING / Bloomberg The Chinese economy is pock-marked with companies that can’t pay their bills and survive only with government help. Jiangshi, the Chinese call them — ‘vampire companies’ or ‘zombies’. These ghoulish companies and their debts are hindering the world’s second-biggest economy and will likely do so for years. Companies that miss debt payments inflict losses on banks, which then ...