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Ras Al Khaimah / Emirates Business Ras Al Khaimah Exhibition Center, a Ras Al Khaimah Chamber initiative, has successfully hosted nine different consumer and specialist exhibitions during the first half of 2017 which drew 296,374 local and international visitors. Jamal Al Taher, Acting Director of RAK Exhibition Center, said: “The Center offered a wide variety of exhibitions and activities, and ...

Bloomberg Saudi Arabia promised deep cuts to crude exports next month, emphasizing its commitment to eliminating a global oil-supply glut even as OPEC and its allies said Libya and Nigeria would keep increasing output. Shipments from the Organization of Petroleum Exporting Countries’ largest producer will be capped at 6.6 million barrels a day in August, 1 million lower than a ...

SINGAPORE / Reuters Global oil demand could peak as early as 2024 if there are more efficiency gains in vehicles, greater market penetration by electric cars, lower economic growth and higher fuel prices, Goldman Sachs said in research note on refining on Monday. Economic expansion in emerging markets – led by India – may stave off reaching a peak until ...

Bloomberg Schlumberger Ltd., the world’s largest oilfield-services provider, has revamped a deal to buy Russia’s biggest drilling company, less than two years after a similar plan was scuppered amid opposition from the nation’s regulators. Schlumberger plans to buy 51 percent of Eurasia Drilling Co., the two companies said in statements that didn’t disclose the terms. The deal would be one ...

Bloomberg The merger of Alberta’s two main conservative parties creates a new political force in the heart of Canada’s oil patch that threatens to unseat Premier Rachel Notley and kill the province’s carbon tax. Members of the Wildrose and Progressive Conservative parties voted to create the United Conservative Party. Combined, those parties hold 30 of 87 districts, though they received ...

Bloomberg Calfrac Well Services Ltd. surged after Texas investment firm Wilks Brothers LLC boosted its stake in the fracking company in a bet on a rebound in Canada’s beaten down oil patch. Calfrac rose 4.5 percent at 1:20 p.m. in Toronto to its highest intraday since June 14, even as US oil prices fell. The company’s shares have risen more ...

Bloomberg The UK government plans to invest 246 million pounds ($320 million) in battery technology as part of an updated industrial strategy. The four-year investment will include a coordinated program of competitions to boost the research and development of expertise in battery technology, the Department for Business, Energy and Industrial Strategy said in an emailed statement on Monday. The government-established ...

Bloomberg India’s top court is considering whether privacy is a fundamental right of every citizen in a case that could have implications for the country’s biometric identity programme and a slew of global technology companies. Activists, lawyers and politicians have challenged the government over the legal basis of the programme known as Aadhaar, with the Supreme Court in New Delhi ...

Bloomberg A recurring challenge for bitcoin and other cryptocurrencies is how to make them work in the real world. A Singapore-based startup says the answer is its Visa card. TenX is pitching its debit card as an instant converter of multiple digital currencies into fiat money: the dollars, yen and euros that power most everyday commerce. The company said it ...

Bloomberg Tokyo’s commuters offered mixed reviews on Monday as the government launched a campaign to get more of them to work from home. July 24 marks the first dry run of a “Telework Day” encouraging people to work remotely as the city gears up to host the 2020 Summer Olympics. Authorities are seeking ways to make room for 920,000 spectators ...