News

RAS AL KHAIMAH / WAM The Ras Al Khaimah Economic Zone (RAKEZ), has supported the Financial Times (FT), in bringing this year’s ‘Future of Manufacturing Summit’, one of the most significant events in the manufacturing landscape, which was held in London on October 3. With the attendance of over 200 manufacturing leaders, investors and innovators, the event underlined game-changing technologies ...

DUBAI / WAM With Expo 2020 Dubai on the horizon, and a successful push to diversify economies away from a reliance on hydrocarbon receipts, travel professionals from the Middle East are heading to WTM London in November in confident mood as they look to achieve a greater share of the multi-billion-dollar international travel market. WTM London being held from November ...

DUBAI / Emirates Business Headset with an LED light cable. The Firefly offers perfect safety features for fitness enthusiasts who like to run at night. The Firefly’s rechargeable LED light provides an added layer of safety from vehicles and other objects due to its enhanced visibility in the dark. ZAKK is a global lifestyle brand aimed to enhance the experiences ...

RIYADH / MOSCOW / Reuters The leaders of Saudi Arabia and Russia, the world’s biggest oil exporters, are expected to discuss cooperation on oil production and differences over Syria and Iran on Thursday during the first visit to Moscow by a reigning Saudi Monarch. A slew of investment deals, including on a liquefied natural gas (LNG) project and petrochemical plants, ...

Reuters Russia and Saudi Arabia plan to set up a $1 billion fund to invest in technology, the chief executive of a sovereign Russian wealth fund said on Wednesday. The joint venture is the latest in a series of deals expected to be signed during a visit to Russia by King Salman this week. Other deals include a $1 billion ...

Bloomberg Oil extended losses near $50 a barrel as US industry data showed an increase in gasoline stockpiles and a boost in crude inventories at the nation’s biggest storage hub. Futures lost as much as 1% in New York after falling 2.4% in the previous two sessions. Gasoline supplies rose by 4.91 million barrels last week, the American Petroleum Institute ...

Bloomberg Libya’s oil output, hampered by sporadic shutdowns at fields and ports, is on track to resume its recovery as the OPEC nation’s biggest crude deposit started pumping after a three-day forced halt. The Sharara field re-opened on Wednesday and is restoring production, the state producer National Oil Corp. said on its website. NOC lifted force majeure at the field ...

SINGAPORE / Reuters Saudi Aramco has raised the price of its Arab Light grade for Asian customers for loading in November by 30 cents versus the previous month to a premium of 60 cents a barrel to the average of Oman and Dubai quotes, a source familiar with the matter said on Wednesday. It also raised prices for two other ...

Bloomberg Sharp Corp.’s US legal battle with Hisense Electric Co. marks the start of an aggressive new campaign by the Japanese electronics company to obtain royalties on its patents as the company focuses on ultra-high-resolution televisions and “smart home” devices. The Osaka-based Sharp plans to be more assertive when it comes to demanding patent royalties and may even start filing ...

Bloomberg General Insurance Corp., India’s largest reinsurer, and its owner will seek as much as 113.7 billion rupees ($1.7 billion) after setting terms for the third-biggest initial public offering on record in the South Asian nation. GIC will offer 17.2 million new shares at 855 rupees to 912 rupees apiece, according to advertisement published on Wednesday in the Financial Express ...