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UAE, Russia to explore economic cooperation

SHARJAH / WAM The Sharjah Economic Development Department (SEDD), in a strategic partnership with the Ministry of Energy and Industry (MOEI), will host the UAE-Russian Business Forum, on February 19. The forum aims to enhance and strengthen ties of trade, economic and investment cooperation between UAE, in general, and Sharjah, in particular, and the Federal Republic of Russia, and open ...

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Seoul presses Tokyo to quickly end export curbs

Bloomberg South Korea’s Foreign Minister Kang Kyung-wha said Japan should take faster measures to lift export curbs on key semiconductor components. Japan should carry out “more visible and sincere steps” to remove the restrictions of such shipments to South Korea, Kang told her Japanese counterpart Toshimitsu Motegi at a meeting on the sidelines of the Munich Security Conference. Japan removed ...

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Oil clinches biggest weekly gain despite gloomy demand outlook

Bloomberg Oil clinched the best weekly gain for the year on signs the worst economic impacts of lethal viral outbreak have been accounted for, easing concern about free-falling demand for crude. Futures advanced 1.2% in New York, settling above $52 for the first time this month. Investor confidence was lifted after China reassured the international community that a huge spike ...

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