Ajman / Emirates Business Gulf Craft has signed a partnership agreement with the Abdulaziz Bin Humaid Foundation as part of the shipyard’s ongoing commitment to inspire the next generation of GCC business leaders through exposure to its world-class UAE-based operations. The UAE-based yacht and boat builder will support the Foundation’s coveted Abdulaziz Bin Humaid Leadership Program, which aims to …

  Emirates Business The expansion of Saudi Arabia’s non-oil private sector picked up speed in July, as highlighted by the strongest improvement in business conditions since last November. Output growth was particularly sharp, while new orders also increased at a faster pace. The improvement in demand was broad-based across domestic and international markets – exports rose for the first time …

  Bloomberg Oil halted its slide below $40 a barrel as weekly industry data showed U.S. crude inventories declined, easing a supply glut that’s at the highest seasonal level in at least two decades. Futures added 0.2 percent in New York after slipping 5 percent the previous two sessions. Inventories slid by 1.34 million barrels and gasoline stockpiles fell, the …