Saturday 31 January 2015
 
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Asia

Opec price war in Asia intensifies as oil falls below $50

Even as Saudi Arabia and its Gulf Opec allies appear united in their refusal to cut output to boost global oil prices, they are becoming locked in an increasingly fierce battle to secure market share in Asia.

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Middle East boosts investment in top level sports

Across Europe, $1.5 billion has been spent by Middle-Eastern investors and groups on team ownership, while in the last two years alone, Asian businessmen have invested approximately $1.1 billion in US sports franchises, a report said.

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Oil remains weak on supply glut, sluggish economies

Oil prices remained near five-and-a-half year lows in early Asian trading on Wednesday after prices saw yet more heavy falls in the previous session, and analysts said a supply glut meant that more falls were likely before a rebound.

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Indo Asian, BMTC in deal to distribute in UAE market

Indo Asian, a leading electrical safety and management equipment manufacturer in India, has joined hands with Bahri & Mazroei Trading Company (BMTC) for distribution of its industrial electrical solutions in the UAE market. Pa

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Asian import of Iran crude surges in November

Asian imports of Iranian crude climbed above one million barrels per day (bpd) in November, after dropping to a one-year trough below that level in the previous month, as higher seasonal demand during winter boosted purchases. The

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Agility chief inducted into Supply Chain Asia Hall of Fame

A top executive of Agility Global Integrated Logistics has been inducted into the Supply Chain Asia Hall of Fame at a ceremony in Singapore recently. The Hall of Fame award is give out by Supply Chain Asia, a leading professional

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China, India to become biggest trading partners for GCC

Developing countries in Asia—particularly China and India—are rapidly becoming the biggest trading partners with Gulf Co-operation Council (GCC) countries ahead of other regions, according to a new report released by the Economist In

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Elaf group marketing tour to target Asian countries

Saudi-based Elaf Group of Companies has witnessed an increase in tourists going on pilgrimage post its recently concluded marketing tour, which was directed to increasing more awareness of the group’s tour package offerings. The m

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Asia Seven opens in Bawabat Al Sharq Mall in Abu Dhabi

New Pan-Asia concept restaurant Asia Seven has opened in Bawabat Al Sharq Mall in Abu Dhabi, UAE. Specialising in cuisine from the seven of the most popular countries in the Far East offering a menu focused on traditional favourit

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Bangladesh to host Arab-Asia summit

The next edition of Arab-Asia Business Partnership Summit will be hosted by Bangladesh under the patronage of Prime Minister Shaikh Hasina. The summit will be held in association with the Partners in Population and Development (PP

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