Bloomberg Saudi Arabia and Kuwait agreed to resume oil production in a shared border region more than four years after halting output. Their agreement allows for “the resumption of oil production from the joint fields,” the Saudi energy ministry said on Twitter. The oil fields in the so-called neutral zone can produce as much as 500,000 barrels a day — ...

Bloomberg Emirates Airline President Tim Clark plans to retire in June after 16 years at the helm of the Dubai-based carrier, the world’s largest by international traffic. The 70-year-old will stay on in an advisory role even after stepping down, Chairman Sheikh Ahmed bin Saeed Al Maktoum said in an internal memo seen by Bloomberg. Clark joined Emirates’ founding team ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower), awarded contracts valued at AED1.130 billion to various companies in 2019, as part of the development of district cooling infrastructure in Dubai. The contracts included engineering consultancy; plant and other constructions, design and operation of cooling plants; expansion of district cooling pipe network; development of new networks to serve the latest ...