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  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 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 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 ...

  Bloomberg China should open up its services sector to ease trade tensions with the US and bolster global trade, according to a senior official from the International Monetary Fund. The medical, health, legal and financial services sectors are among areas that could be liberalized, Changyong Rhee, the Asia-Pacific director at the IMF, said in an interview at a gathering ...

  Bloomberg US President Donald Trump’s plan to upgrade the nation’s roads, ports and bridges will drive demand for steel and support iron ore prices, Australia’s Finance Minister Mathias Cormann said. “The US and the Trump administration has put out a very ambitious infrastructure investment program” and the steel will have to come from somewhere, Cormann said in an interview ...

  Bloomberg After almost three years of booming health-care dealmaking in the US, 2017 is off to a slow start. Pharmaceutical and biotech acquisitions totaled $44 billion last quarter, down 13 percent from a year earlier, and 35 percent below the first quarter of 2015, according to data compiled by Bloomberg. And exchange-traded funds, a good indicator of investors’ appetite ...

  Bloomberg Central and eastern Europe has long been considered a relatively cheap manufacturing hub to make sophisticated products like cars and electronics goods at a fraction of what it would cost in the West. Accelerating salary growth may now be changing that perception. Average nominal wages rose 10.7 percent in Hungary in February from a year ago, the most ...

  Bloomberg Euro-area economic momentum accelerated to its fastest pace in six years, with France unexpectedly outperforming Germany in a strong start to the second quarter that suggests the recovery is broadening. France’s composite Purchasing Managers’ Index unexpectedly advanced to a six-year high of 57.4 in April, putting it above Germany’s for the first time since 2012, according IHS Markit ...

  Bloomberg Waymo says it’s uncovered new evidence that Uber Technologies Inc. took and copied its trade secrets and urged a judge to bar the head of the ride-hailing company’s driverless car program from continuing to work on the project. Alphabet Inc.’s Waymo made the request as a federal judge weighs whether to issue a court order that may impede ...