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Bloomberg A $42 billion merger to create what would become the world’s largest gas producer is facing an unexpected hurdle from the US antitrust regulator that could derail the deal. The Federal Trade Commission indicated it wants Germany’s Linde AG and Praxair Inc. to sell more assets before it approves their deal, Linde said in a statement to the markets. ...

DUBAI / WAM The Emirates Intellectual Property Association (EIPA) continues to lead in the ongoing unified efforts to promote the adoption of global best practices in intellectual property (IP). The association’s commitment to promo- ting a culture of IP in the country is widely reflected in its continuing efforts to build solid foundations in the advancement of legal action across ...

RIYADH / WAM Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih, has announced resumption of oil shipments through Bab-El- Mandeb Strait. In a statement carried by the Saudi Press Agency (SPA), Al-Falih, announced that Saudi Arabia has resumed oil shipments through Bab-El-Mandeb Strait effective earlier on Saturday, after confirmation by the Joint Forces of the Coalition to Restore ...

Bloomberg China is threatening to impose a 25 percent tariff on imports of US liquefied natural gas, potentially a major blow to an emerging American business. It’s the first time the fuel has been ensnared by the trade war, coming as part of a $60 billion response to a Trump administration plan to impose more levies. The move adds new ...

Bloomberg It’s turning into a good week for Eskom Holdings SOC Ltd., South Africa’s state-owned electricity company. The cash-strapped utility’s borrowing costs fell as it tapped international debt markets for the first time in more than three years, barely a week after it secured a $2.5 billion loan from China Development Bank. It also moved closer to a wage deal ...

Bloomberg Saudi Arabia, which recently pledged oil-supply increases to tame rallying crude prices, cut production last month, according to OPEC delegates familiar with the matter. The biggest member of the Organization of Petroleum Exporting Countries pumped 10.3 million barrels a day in July, according to the delegates, who asked not to be identified because the data is private. The kingdom ...

Bloomberg Oil fell to the lowest in more than a week amid a surprise jump in US crude inventories and an escalating trade dispute between the US and China. Futures in New York fell as much as 1.4 percent. The American Petroleum Institute was said to report US stockpiles rose 5.59 million barrels last week. Meanwhile, the US will propose ...

DUBAI / Emirates Business Emirates and Trenitalia, Italy’s national railway company, on Wednesday announced a new codeshare agreement which will enable Emirates customers from across its worldwide network to discover new destinations across Italy. With just one easy-to-book ticket, travellers will be able to fly on Emirates and reach some of Italy’s most picturesque cities and towns using high speed, ...

Bloomberg Kuwait Foreign Petroleum Exploration Co. (Kufpec) is borrowing $1.1 billion to spend on oil and natural gas projects as the company plans to expand its shale operations, Chief Executive Officer Sheikh Nawaf Saud Al-Sabah said. Sumitomo Mitsui Banking Corp. and Societe Generale SA were the joint lead arrangers of the five-year loan for Kufpec, a unit of state-run Kuwait ...

Bloomberg Saudi Arabia’s King Salman held his first-ever cabinet meeting in Neom, a planned $500 billion futuristic city that will host more robots than people in a desolate peninsula in the kingdom’s northwest. The sci-fi city on the Red Sea coast is designed to represent Saudi Arabia’s efforts to transform itself away from oil. The 82-year-old monarch’s visit there for ...