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Dubai / Emirates Business MAG Property Development (MAG PD), the real estate development arm of the MAG Group, is participating in the Dubai Property Show Mumbai 2017, which runs until November 5. Talal Moafaq Al Gaddah, CEO of MAG PD, commented: “Dubai Property Show provides us with a valuable opportunity to reach out to Indian investors, who lead foreign real ...

DUBAI / WAM Dar Al Ber Society (DABS), launched a special and comprehensive campaign to support the orphanages it had earlier established worldwide, attract more contributions to this segment of the society, and thoroughly secure their needs. The leading charity society, now sponsoring about 30,000 orphans in 20 countries including 950 in the UAE, spares no effort to develop the ...

DUBAI / Emirates Business Emirates unveiled a special tribute to the late HH Sheikh Zayed bin Sultan Al Nahyan, the founding father of the United Arab Emirates, with a bespoke livery for its 100th A380 carrying one of his most memorable images. The unique livery is the first time Emirates will feature a customised decal of a well-known public figure, ...

Bloomberg One of the world’s biggest oil companies is working on hundreds of low-carbon energy projects, from algae engineered to bloom into biofuels and cells that turn emissions into electricity. The work by Exxon Mobil Corp. includes research on environmentally-friendly technologies in five to 10 key areas, according to Vice President of Research and Development Vijay Swarup. While any commercial ...

Bloomberg Building solar and wind farms has started to become a cheaper proposition than running aging coal and nuclear generators in parts of the US, according to financial adviser Lazard Ltd. Take wind: Building and operating a utility-scale farm costs $30 to $60 a megawatt-hour over its lifetime, and that can drop to as low as $14 when factoring in ...

Bloomberg Oil closed at its highest in more than two years for a second day as support grew for OPEC to prolong output cuts, while supply threats abounded. Futures jumped 2 percent in New York, closing above $55 a barrel for the first time since July 2015. While Nigerian militants and Venezuela’s debt woes imperil crude output from two of ...

Bloomberg Baghdad’s talks with Turkey about ramping up oil exports from northern Iraq, including the semi-autonomous Kurdish region, is complicated by a $4 billion debt that the Kurds owe to Turkey, according to Iraq’s oil minister. Iraq is seeking an agreement with Turkey for all exports from the north, including the Kurdish region and the disputed province of Kirkuk, through ...

Bloomberg Venezuela’s sudden demand to renegotiate its billions in debt could complicate life for its two biggest oil patrons, China and Russia. President Nicolas Maduro caught bondholders off guard with a vow to wring debt relief from Venezuela’s creditors, sending the country’s bonds tumbling. But the move may also have been calculated to reassure the countries that are among Maduro’s ...

Bloomberg In Mohit Gogia’s stationery and gift store in Noida, near India’s capital, the only decorative lights for sale ahead of last month’s festival of lights were Chinese made. “India-made lights cost twice as much,” said Gogia, as shoppers snapped up supplies for the Diwali celebration. “Customers aren’t willing to pay that.” Two-way trade statistics tell the tale. India’s deficit ...

Bloomberg Reliance Communications Ltd., the Indian mobile phone operator controlled by billionaire Anil Ambani, faces a bond coupon deadline on Monday after temporarily halting payments to lenders. The interest payment of about $9.75 million is the latest test for the debt-laden company, which has faced a series of setbacks amid a shakeout in the world’s second-largest telecom market. It announced ...