Category: News & Announcement

DUBAI: Del Monte, a leading provider of fresh, healthy and great-tasting food to consumers around the globe, is continuing its sustainability drive by exerting more efforts in several fields such as waste management. The company carefully recycles cartons, plastic, nylon bags, metaletc.and has partnerships withvarious waste management companies for kinds of repurposed wasteto achieve its sustainability objectives. “Our commercial operations go hand-in-hand with our sustainability efforts which have always been a part of Del Monte’s DNA since its early days,” commented Taymour Shukri, the Regional QA & HSE Manager, Del…

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The eight-member countries of the Shanghai Cooperation Organization (SCO), including China, Russia, and Pakistan, have made the principle decision to conduct bilateral trade and investment and issue bonds in local and national currencies instead of US dollars. As per details, a road map will be finalized and signed at SCO’s Finance Ministers’ meeting in Moscow on March 18th. Russia, as chairman of the Shanghai Cooperation Organization, has called for suggestions from all member states for trade and investment in local currencies. After a detailed review of these proposals in Moscow’s…

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Various reports hit the news feeds today quoting a deliberately headline-grabbing statement by Paul Sankey, managing director at Mizuho Securities, in which he is reported as saying, “Oil prices can go negative.” That is, they could as a combination of Saudi Arabia (and Russia) flooding the market with increased oil and the market running headlong into COVID-19-induced curtailment of activity that is suppressing consumption, which combined will create the perfect storm of excess supply. In reality, inventory levels are already rising. CNN quotes Sankey, who said global oil demand is only around 100…

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KARACHI: The leadership of the Karachi Chamber of Commerce & Industry (KCCI) and the industrial town associations here on Saturday urged the federal government to order the K-Electric to immediately stop and defer the Industrial Support Package Adjustment (ISPA), which is being charged retrospectively at a very odd situation as all the industries remained completely shut due to the outbreak of the coronavirus, and it is impossible to pay such exorbitant electricity bills carrying the ISPA. Addressing a press conference along with presidents and chairmen of all the seven industrial…

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The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights In the past few weeks, Covid-19 (coronavirus) has gone from being a Chinese health crisis to a global health emergency. While China has taken strong measures in response to the outbreak, the situation appears to be worsening…

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