ABU DHABI / WAM Mubadala Aerospace’s Turbine Services and Solutions, a maintenance repair and overhaul (MRO) provider for aircraft engines, gas turbines and driven equipment, has unveiled a new identity for its MRO business, which will now be known as Sanad Aerotech. The new brand positioning reflects the focus of Mubadala Aerospace on engineering excellence, underpinned by industry-leading reliability, innovation …
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Bloomberg Brent crude traded around $70 a barrel as a two-day rebound eased on signs the US and China are still far from reaching a trade deal, but prices remained supported by supply risks in the Middle East. Futures in London held steady after rallying 3.5 percent. President Donald Trump said on a state visit to Japan that the US …
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Bloomberg The US isn’t ready to make a trade deal with China, President Donald Trump said while on a state visit to Japan. “I think they probably wish they made the deal that they had on the table before they tried to renegotiate it,†Trump said on Monday at a joint press conference in Tokyo alongside Japanese leader Shinzo Abe. …
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Bloomberg Countries should cooperate in developing the internet, big data and artificial intelligence, China President Xi Jinping said in a letter to the China International Big Data Industry Expo that started on Sunday in the southwestern city of Guiyang, Xinhua reports. China attaches great importance to the development of the big data industry and is willing to explore a growth …
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MANAMA / WAM Investcorp on Sunday announced it has entered into a definitive agreement to acquire Mercury Capital Advisors (Mercury), one of the leading institutional capital raising and investment advisory enterprises. As part of the transaction, Mercury will remain an independent business operating under its current leadership team. This investment is the latest milestone in Investcorp’s ambitious growth strategy to …
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Bloomberg Liquefied natural gas buyers in China are seeking to swap their US shipments for cargoes from other nations after Beijing pledged to raise tariffs amid a deepening trade dispute, according to traders with knowledge of the situation. Some Chinese LNG buyers have approached suppliers about trading the US cargoes, which they’ve already committed to buy, for shipments from non-tariff …
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Bloomberg QEP Resources Inc has attracted takeover interest from private equity giant Blackstone Group LP, as well as drillers Whiting Petroleum Corp and Callon Petroleum Co, according to people familiar with the matter. The Denver-based natural gas and oil explorer and producer said in February that it would explore a sale after activist investor Elliott Management Corp. made a $2 …
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Bloomberg Big oil is shifting, ever so slightly, towards the electric car business. Chevron Corp. is offering electric car charging ports at a handful of gasoline stations in its home state of California, according to a statement. The fast-charging spots, located at five stations in the Los Angeles and San Francisco Bay areas, are being installed by EVgo, which has …
Read More »ABU DHABI / Emirates Business HE Hussain Jasim Al Nowais, Chairman of Khalifa Fund Enterprise Development (KFED) received a delegation from the Republic of Mali headed by HE Dr Boubou Cisse, Prime Minister of Mali at the Khalifa Fund headquarters in Abu Dhabi to explore and learn more about the fund’s experiences in initiating the culture of leadership among UAE …
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Bloomberg Oil limped to its worst weekly loss of the year as tensions lingered over how the trade feud between the world’s top economic super powers will hit demand. Futures in New York rebounded somewhat but still ended the week down 6.6 percent, the biggest decline since late December, after days of escalating rhetoric between China and the US. Chinese …
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