SHARJAH/ WAM Gulftainer hosted the signing of a sister port agreement between the Department of Seaports & Customs of the Government of Sharjah and the Diamond State Port Corporation (DSPC), a corporate entity of the State of Delaware, USA. Under the terms of the partnership, the two entities are mandated to cooperate in the development of international trade and logistics, …

Bloomberg Oil traded above $74 a barrel on concerns Hurricane Michael in the US may exacerbate a supply crunch, while the International Energy Agency (IEA) warned higher prices may put the world economy at risk. Futures were little changed in New York after gaining 0.9 percent on Tuesday. Organization of Petroleum Exporting Countries (Opec) and other key producers need to …

Bloomberg Egypt would need to more than double investment in clean energy to push the amount of electricity generated by renewables to over 50 percent, according to the International Renewable Energy Agency (Irena). Investments would need to be $6.5 billion a year, up from $2.5 billion currently, to boost generation from clean energy to 53 percent by 2030, Abu Dhabi-based …