KUALA LUMPUR / WAM Mohammad Najib Tun Haji Abdul Razak, Prime Minister of Malaysia, on Monday received Sultan bin Saeed Al Mansouri, Minister of Economy, and his delegation, at the headquarters of the Malaysian Government in Kuala Lumpur. During the meeting, they discussed ways of boosting the mutual co-operation and bilateral relations between the UAE and Malaysia, in light of ...

Dubai / Reuters Dubai International Airport (DXB) expects double-digit passenger growth to resume as early as 2019, helped by an alliance between the emirate’s two airlines, its chief executive said on Monday after reporting the lowest growth in at least nine years. Passengers using the airport, the hub for Middle East airline giant Emirates and a major source of income ...

DUBAI / Emirates Business Emirates Engineering announced an agreement with Qantas for aircraft maintenance. Under the terms of the agreement, Emirates Engineering will strip and repaint eight Qantas A380 aircraft starting March 2018. The aircraft will be repainted with the latest Qantas livery at the state of the art Emirates Aircraft Appearance Centre in Dubai. The agreement also covers the ...

SHARJAH / WAM The Sharjah Urban Planning Council (SUPC), signed a document of commitment that will ensure the emirate’s membership of the World Health Organisation’s (WHO), Global Network of Age-Friendly Cities and Communities (GNAFCC). In line with the directives of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and in coordination with the ...

Bloomberg Saudi Arabia’s sovereign wealth fund is nearing an agreement to buy about a 10 percent stake in ACWA Power International ahead of an initial public offering by the Riyadh-based energy producer, according to people with knowledge of the matter. The Public Investment Fund, known as PIF, may sign an agreement with the power plant developer in the coming days, ...

Bloomberg Saudi Arabia kept pricing for its main crude grade to Asia unchanged for a second month as the world’s largest crude exporter responds to slower seasonal demand. State-owned Saudi Arabian Oil Co., known as Saudi Aramco, set the official pricing for Arab Light crude to Asia at a premium of $1.65 a barrel more than the regional benchmark, it ...

BEIJING / Reuters China’s natural gas production is rising at the fastest pace in four years but that will not be enough to meet the demand for the fuel that has been unleashed through a government program to raise gas usage in order to clean the country’s polluted air. Gas output in China rose to a record 147.4 billion cubic ...

Bloomberg Oil and Natural Gas Corp. is facing a delay of at least a year in starting production from its biggest project, according to people with knowledge of the matter. The nation’s top explorer, which planned to produce gas from a deep water block in the Krishna-Godavari Basin off the country’s east coast from June 2019, won’t produce first gas ...

Bloomberg Oil’s rally is unraveling on fears over a rise in US production after crude’s best January in more than a decade. Futures in New York are extending declines for a second session as Baker Hughes data showed American explorers last week raised the number of rigs drilling for crude to the highest in almost six months. Short-sellers betting against ...

Bloomberg Nissan Motor Co. intends to spend 1 trillion yen ($9 billion) over five years in China as it vies to become the largest global electrified vehicle maker in the country. The Japanese carmaker aims to raise annual deliveries by 1 million units by 2022, with much of the growth coming from electrified models, Jun Seki, head of Nissan’s China ...