Bloomberg The UK’s Liberal Democrats won’t be part of any coalition after June’s general election and plans to become the main opposition by attracting voters who want to stay in the European Union, its leader Tim Farron told The Observer. Farron said while Prime Minister Theresa May’s Conservative party and Jeremy Corbyn’s Labour will push for a hard Brexit ...

  Sharjah / Emirates Business An impressive 110,000 people from around the region have stepped through the doors of the Expo Centre Sharjah during the first four action-packed days of the Sharjah Children’s Reading Festival (SCRF). The enormous variety of interactive activities, seminars, workshops and debates is drawing hoards of families and schoolchildren as well as renowned authors, historians, researchers ...

  Sharjah / Emirates Business Celebrating Russia’s culture of literary genius and the outstanding titles that have enriched world literature, representatives from the Russian section of the International Board on Books for Young People (IBBY) have attended the Sharjah Children’s Reading Festival 2017 (SCRF) as the UAE Board on Books for Young People’s Guests of Honour. Russian representatives showcased and ...

  Abu Dhabi / Emirates Business The UAE Space Agency is implementing 14 special events and initiatives as part of its activities for the Year of Giving, which was declared by HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE. Among the Space Agency’s contribution to the Year of Giving is the Martyrs Badge initiative, in which badges ...

  DUBAI / Emirates Business Jebel Ali Customs Center, the modern facility and one of the major customs centers in Dubai, boasted a number of quality achievements during 2016. The center recorded 348 seizures of restricted, fake and prohibited materials. This means a 24 percent increase compared to 2015 which recorded 281 seizures. The center, which includes a client center ...

  Bloomberg Saudi Arabia may offer “almost interest-free” loans to companies in labor-intensive industries as part of a plan to stimulate an economy squeezed by low oil prices and spending cuts, Finance Minister Mohammed Al-Jadaan said. Al-Jadaan, speaking in an interview in Washington, also said the government is on track to slash its budget deficit by 30 percent this year ...

  Bloomberg US oil drillers slowed the pace of a months-long expansion as invest- ors worry that growing shale production will ruin OPEC’s efforts to prop up prices. Drillers added 5 rigs targeting crude this week, bringing the total to 688, according to Baker Hughes Inc. data reported. While all four of the biggest oil basins boosted activity this week, ...

  Bloomberg Exxon Mobil Corp. won’t be allowed to bypass US sanctions against Russia to resume drilling for oil in a joint venture that seeks to tap billions of barrels of that country’s crude. Treasury Secretary Steven Mnuchin said the decision was made after consultation with President Donald Trump, according to a statement. Exxon initially requested the drilling waiver in ...

  Bloomberg BP Plc’s 2010 Gulf of Mexico oil spill caused damage to beaches, animals, fish and coral that the public values at $17.2 billion, according to a financial accounting released on the seventh anniversary of the disaster. The tally, published in the journal Science, is based on a survey of thousands of Americans that asked what they’d be willing ...

  Bloomberg Samsung BioLogics Co., an arm of South Korea’s biggest conglomerate, said it is in negotiations to manufacture drugs for more than 15 international pharmaceutical companies as it tries to expand in the growing industry for complex biologic medicines. The talks mostly involve US and European firms, Chief Executive Officer Kim Tae-han said in an April 19 interview at ...