News

Abu Dhabi / WAM The UAE will share with the Sultanate of Oman the celebration of its glorious National Day on Sunday in a gesture that strengthens the deeply-rooted historic bonds of fraternity, compassion and common destiny under the able leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and His Majesty Sultan Qaboos bin Said of Oman. ...

Dubai / Emirates Business The Emirates A380 drew in more than 11,000 visitors in three days at this year’s edition of the Bahrain International Airshow (BIA). The Emirates Flight Training Academy’s Phenom 100EV also on display for the first time at the Bahrain Airshow welcomed nearly 2,000 visitors. The A380 that was on display carried the distinctive decal of HH ...

Abu Dhabi / WAM The 9th ‘Al Samha Heritage Festival’ will welcome visitors from November 18-25 at the Samha Youth Center. The traditional festival celebrates UAE culture, including many of its long standing traditions and features activities related to heritage and local traditions. Organised by Emirates Heritage Club (EHC), under the patronage of HH Sheikh Sultan bin Zayed Al Nahyan, ...

MANAMA / WAM The United Arab Emirates Space Agency (UAESA), signed a Declaration of Principles with Bahrain’s National Space Science Agency (NSSA), and the UAE’s Khalifa University, for the Training of the Bahrain Space Team. The signing took place on the sidelines of the 5th Bahrain International Airshow, held at the Sakhir Air Base in Bahrain, under the patronage of His ...

Bloomberg Canada’s oil sector is divided over whether to force a temporary cut to production, with some major producers pushing the controversial idea in a bid to ease a supply glut and halt a steep plunge in prices, according to seven people familiar with the matter. Executives from Canadian Natural Resources Ltd and Nexen Energy ULC are among those who ...

Bloomberg American fingerprints are all over oil’s record losing streak that’s plunged prices into a bear market. The State Department’s zigzag on Iran sanctions, President Donald Trump’s tweets about Opec supply, the demand-sapping trade war with China and the explosion of shale oil production are all key factors leading to the collapse in crude prices since early October, Ed Morse, ...

Bloomberg ConocoPhillips plans to invite bids by the end of the year for its remaining North Sea assets, which could be valued at up to $3 billion in a sale, according to people with knowledge of the matter. The assets, which would include what’s left of its holding in the Clair Field, are likely to draw interest from private equity-backed ...

Bloomberg The surprise resignation of an Indian tech billionaire has pulled corporate India deeper into the #MeToo firestorm that’s been sweeping through the American business community for more than a year. Walmart Inc. announced that Flipkart co-founder Binny Bansal was leaving the company after an independent probe into allegations of assault. While Bansal denies any wrongdoing and the investigators didn’t ...

Bloomberg A glut of sugar from India, the world’s second-largest producer, has hit the London exchange as traders sold the sweetener to settle the expiration of December futures. ED&F Man Holdings Ltd. took delivery of about 350,000 metric tons of white sugar, with Singapore-based trader Wilmar International Ltd. selling the majority, said people familiar with the process, who asked not ...

Bloomberg Volvo Cars’ performance electric-vehicle brand sees China as its greatest opportunity even as it’s set to face stiff competition from Tesla Inc. The unit, Polestar Performance AB, expects to get as much as half of its sales from the country after it rolls out three models by 2021, said Thomas Ingenlath, the brand’s global chief, at the Guangzhou auto ...