Saturday 18 April 2015
 
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China

Coke to buy China drinks maker for $400m

Coca-Cola has agreed to buy the beverage business of China Culiangwang Beverages Holdings for $400.5 million including debt, to get a foothold in the fast growing multi-grain drinks category. The deal marks Coke's first takeov

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Coke to buy China drinks maker for $400m

Coca-Cola has agreed to buy the beverage business of China Culiangwang Beverages Holdings for $400.5 million including debt, to get a foothold in the fast growing multi-grain drinks category. The deal marks Coke's first takeov

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AFOCH targets Chinese tourist market

The Armed Forces Officers Club & Hotel (AFOCH), Abu Dhabi, has embarked upon a week-long tourism road show in China, stopping over two main cities to draw a larger pool of Chinese tourists expected to visit Abu Dhabi this year.  

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Oil prices rise over US production dip

Oil prices rose on Wednesday after signs of a dip in US production, but gains were capped by Chinese quarterly growth slowing to a six-year low. Front-month Brent crude futures were trading up 47 cents at $58.90 a barrel by 0310 G

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Coral Beach Resort Sharjah targets Chinese market

The Coral Beach Resort Sharjah, a luxury property in the UAE emirate, is all set to showcase its facilities at the China Outbound Travel & Tourism Market (COTTTM), which commenced today at the National Agricultural Exhibition Centre, Beijing

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Chinese group wins $600m Egypt rail contract

China Railway Construction Corporation (CRCC), the second largest state-owned construction enterprise in China, said one of its subsidiaries has been awarded $600-million contract to upgrade the Egyptian national railway. The CRCC

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Qatari banks plan Islamic finance venture in China

Two Qatari banks and Chinese brokerage Southwest Securities signed a memorandum of understanding on Tuesday to establish a company handling Islamic finance deals in China. At present there is very little Islamic finance activity i

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China's exports shrink 15pc in shock fall

China's export sales contracted 15 per cent in March while import shipments shrank for the third consecutive month, a shock outcome that deepens concern about sputtering Chinese economic growth. The tumble in exports - the wor

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Hamilton cruises to Chinese Grand Prix victory

Lewis Hamilton extended his lead at the top of the Formula One championship standings with a pole-to-flag victory at the Chinese Grand Prix on Sunday, the Briton leading a Mercedes one-two ahead of Nico Rosberg. The race finished

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China to build $2bn Iran-Pakistan natgas pipeline

China plans to build a pipeline to transport natural gas from Iran to Pakistan in a move to alleviate the crippling burden of electricity shortage in Pakistan, a report said.  A deal is likely to be signed during the Chinese

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