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Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) has finalised its preparations to host the International Conference launching the 10th cycle of the Mohammed bin Rashid Al Maktoum (MRM) Business Award, and the 2nd cycle of the MRM Business Innovation Award. The high-profile conference, entitled ‘Drivers of Growth in Organisations of the 21st Century: Harnessing the ...

Abu Dhabi / Emirates Business The Khalifa University of Science and Technology, a research university dedicated to the advancement of learning through teaching and research and to discovery and application of knowledge, has announced it is participating through Petroleum Institute as an academic partner in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2017. ADIPEC, which opened today, runs ...

Bloomberg The oil market is re-balancing at a quickening pace and production cuts are the “only viable option” to restore stability, OPEC Secretary-General Mohammad Barkindo said. The Organization of Petroleum Exporting Countries should decide at its meeting later this month whether or not to extend the cuts, United Arab Emirates Energy Minister Suhail Al Mazrouei said in a speech at ...

Bloomberg Saudi Arabian Oil Co. is still waiting for a decision on how many of its shares will be offered to the public, or where the listing will be made outside of the kingdom, according to Chief Executive Officer Amin Nasser. The shares will definitely be listed in Saudi Arabia’s market known as Tadawul, Nasser told reporters on Monday at ...

BEIJING / Reuters China Gas Holdings, one of China’s largest domestic natural gas distributors, expects sales to rise 30-45 percent this fiscal year and “sustainable high growth” the next few years due to Beijing’s clean air push, the company’s founder said. China Gas, which counts South Korea’s SK Group and India’s GAIL among its investors, plans to expand its extensive ...

DUBAI / Reuters Oman Telecommunications (Omantel) will pay $1.35 billion to buy a further 12.1 percent stake in Kuwaiti telecoms company Zain in a deal that will expand its reach to nine Mid- dle Eastern and North Afri- can countries. It paid 0.781 Kuwaiti dinars ($2.58) per share, around 74 percent above the current listed price, for the stake, which ...

Bloomberg Total SA’s billion-dollar deal to buy liquefied natural gas assets from Engie SA shows how much size matters in the industry. After Royal Dutch Shell Plc’s takeover of BG Group Plc last year, industry consultant Wood Mackenzie Ltd. says the latest accord is evidence that the biggest energy companies with access to large volumes of diverse supplies will continue ...

Bloomberg American Tower Corp. agreed to buy mobile-phone towers from Vodafone Group Plc’s Indian business and Idea Cellular Ltd., boosting its infrastructure in the country by a third, as the merging carriers sell off assets to raise cash for debt repayment amid a scathing price war. The Boston-based real estate investment trust agreed to pay 78.5 billion rupees ($1.2 billion) ...

Bloomberg Razer Inc. climbed 18 percent in its Hong Kong coming-out party, as the maker of gaming laptops and accessories rode red-hot demand for first-time technology share sales this year. The San Francisco and Singapore-based company closed at HK$4.58 on Monday, a first-day performance bested only by e-books publisher China Literature and Wuxi Biologics among Hong Kong initial public offerings ...

Bloomberg Reliance Communications Ltd., the embattled mobile phone operator controlled by Anil Ambani, slid to record lows in the stock and bond market after saying over the weekend that it missed local debt interest payments. The company’s stock fell by as much as 14 percent to its lowest ever. Its dollar bond due 2020 dropped 1.3 cents to a record ...