Dubai Mall owner Emaar to discuss selling its e-commerce business

A logo of Dubai’s Emaar Properties is seen on Burj Khalifa, the world’s tallest tower, in Dubai, United Arab Emirates January 12, 2018. REUTERS/Ahmed Jadallah Register now for FREE unlimited access to Reuters.com Register DUBAI, Aug 15 (Reuters) – The board of Dubai’s Emaar Properties (EMAR.DU), which owns the Dubai Mall, will meet on Thursday … Read more

MTN’s earnings jump, gets offer for Afghanistan business

JOHANNESBURG, Aug 11 (Reuters) – South African mobile operator MTN Group (MTNJ.J) said on Thursday its first-half earnings surged 46.5% and it had received a $35 million binding offer for its Afghanistan business, nearing an exit of the Middle East. Without disclosing the buyer, Group Chief Executive Officer Ralph Mupita told journalists on a news … Read more

Abu Dhabi conglomerate IHC seeks takeovers in ‘buyers’ market’

Buildings are seen at Sowwah Square on Marayah Island in Abu Dhabi’s central business district May 7, 2013. REUTERS/Ben Job/File Photo Register now for FREE unlimited access to Reuters.com Register DUBAI, Aug 10 (Reuters) – Abu Dhabi conglomerate International Holding Co (IHC) (IHC.AD) expects to increase its takeover activity, including in India and Turkey, as … Read more

US accuses Chinese company of helping ZTE hide business with Iran

A sign of ZTE is seen at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 9 (Reuters) – The US Commerce Department on Tuesday accused Far East Cable, China’s largest wire and cable manufacturer, … Read more

Abu Dhabi’s Chimera buys majority of Egypt’s Beltone Financial

A worker is seen at the headquarters office of Beltone Financial in Cairo, Egypt, October 26, 2015. REUTERS/Amr Abdallah Dalsh/File Photo Register now for FREE unlimited access to Reuters.com Register DUBAI, Aug 9 (Reuters) – Abu Dhabi investment firm Chimera Investment LLC said on Tuesday it has acquired a controlling stake in Egypt’s Beltone Financial … Read more

BP, Bunge put Brazil sugar and ethanol business up for sale, Valor Economico reports

Logo of British Petrol BP is seen at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel Register now for FREE unlimited access to Reuters.com Register SAO PAULO, Aug 9 (Reuters) – British oil major BP (BP.L) and US commodities trader Bunge Ltd (BG.N) have put their Brazilian sugar and ethanol joint venture BP … Read more

US judge weighs Ben & Jerry’s claims against owner over Israeli business

NEW YORK, Aug 8 (Reuters) – A US judge on Monday appeared skeptical that Ben & Jerry’s deserved an immediate injunction against its parent Unilever Plc to restrict the marketing of its ice cream in the Israeli-occupied West Bank, which Ben & Jerry’s said was against its values. US District Judge Andrew Carter said at … Read more

Oil edges up as strong economic data feeds hopes for demand

FILE PHOTO – A oil field worker works at a pump jack in PetroChina’s Daqing oil field in China’s northeastern Heilongjiang province November 5, 2007. REUTERS/Stringer (CHINA) Register now for FREE unlimited access to Reuters.com Register HOUSTON, Aug 8 (Reuters) – Oil prices edged up on Monday, hovering near their lowest levels in months in … Read more

Jittery markets see bond funds enjoy largest weekly inflows since Nov 2021

Photo for illustration. A man is silhouetted in an electronic board showing the FTSE MIB Index for the Italian equity market in this photo illustration taken in Rome August 9, 2011. REUTERS/Tony Gentile./File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 5 (Reuters) – Bond funds recorded their largest weekly inflow … Read more

Valvoline fuels retail drive with $2.65 bln lubricants unit sale to Saudi Aramco

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Valvoline Inc (VVV.N) is selling its unit that makes lubricants, coolants and other automotive products to state-owned Saudi Aramco (2222.SE) for $2.65 billion in … Read more