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Jebel Ali Customs Center seized 348 fake items in 2016

  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 ...

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Saudi plans more bond sales, cheap loans to companies

  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 ...

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US drilling growth shows first signs of cooling off at $50 oil

  Bloomberg US oil drillers slowed the pace of a months-long expansion as invest- ors worry that growing shale production will ruin OPEC’s efforts to prop up prices. Drillers added 5 rigs targeting crude this week, bringing the total to 688, according to Baker Hughes Inc. data reported. While all four of the biggest oil basins boosted activity this week, ...

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