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  Emirates Business UAE’s leading financial institution, Mashreq and Novo Cinemas, a leading cinema chain in the Middle East announced the launch of a new strategic partnership that is set to completely change customers’ cinema experience. The official signing was attended by Subroto Som, Head of Retail Banking Group at Mashreq and Debbie Stanford – Kristiansen, CEO of Novo Cinemas, ...

  Ras Al Khaimah / Emirates Business The attraction of Ras Al Khaimah as one of the UAE’s top investment destinations has been boosted by new legal steps designed to promote economic growth, secure foreign investment, and protect assets of investors and residents. The legal package, signed at the Al Dhait Palace and witnessed by His Highness Sheikh Saud bin ...

  Abu Dhabi / Emirates Business Tadweer (The Center of Waste Management – Abu Dhabi), which is the Waste Sector Regulatory Authority delegated by Abu Dhabi Occupational Safety and Health Center (OSHAD) to follow up implementation of requirements Abu Dhabi Occupational Safety and Health System Framework (OSHAD SF) in the waste sector, organized the 2nd awareness workshop on the occupational ...

  Dubai / Emirates Business Majid Al Futtaim, the leading shopping mall developer, retail and leisure pioneer across the Middle East and North Africa on Monday announced that it has secured an exclusive retail agreement with American Girl®, a division of Mattel, Inc. and a premium brand for girls known for its high-quality doll, content, and unforgettable experiences. American Girl’s ...

  Bloomberg Rosneft PJSC agreed to pay as much as $2.8 billion to buy up to 35 percent of a natural-gas project off Egypt, joining Eni SpA and BP Plc in the largest discovery in the Mediterranean Sea. Rosneft will pay $1.13 billion for an initial 30 percent stake in the Shorouk concession, which includes the Zohr find, plus $450 ...

  Hong Kong / AFP Most energy firms in Asia jumped with a surge in oil prices on Monday after 11 non-OPEC countries agreed to huge cuts in crude production, while Saudi Arabia also signalled a bigger reduction in output than previously agreed. The 11 nations, led by Russia, said they would pump more than half a million fewer barrels ...

  AFP World oil prices surged on Monday after non-OPEC producers struck a deal to cut output, while Europe’s main stock markets were subdued before a key Fed meeting due this week. Indices in London, Frankfurt and Paris pulled back after soaring last week when the European Central Bank decided to extended its massive quantitative easing (QE) stimulus to December ...

  Bloomberg Israel and Turkey are working to eliminate a major obstacle to natural gas deals: their own fractious history. The two governments are working on a framework for the export of Israeli natural gas to Turkey that would protect contracts between companies if diplomatic ties break down, Israeli Energy Ministry Director-General Shaul Meridor said in an interview in Jerusalem. ...

  Bloomberg Turkey’s economy unexpectedly shrank in the third quarter, led by a slump in consumption, in the most significant sign yet that July’s failed coup and the political turmoil it provoked are weighing on confidence. It’s the first time in seven years that Turkey has announced a contraction. The lira weakened. Gross domestic product shrank an annual 1.8 percent ...

  Bloomberg Bill Gates and more than a dozen of the world’s wealthiest individuals revealed a new $1 billion investment fund to foster major advances in clean energy production. Dubbed Breakthrough Energy Ventures, the 20-year fund is backed by a mix of technology luminaries and heavyweights from the energy industry. The goal is to pump money into risky, long-term energy ...