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UAE, Indonesia firms sign raft of deals

BOGOR / WAM Corporate giants of the UAE that include Abu Dhabi National Oil Company (Adnoc), Mubadala, and global trade enabler DP World have signed slew of agreements with Indonesian companies, on Wednesday. The signing of the pacts took place on the sidelines of the state visit by HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi ...

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World’s largest AI startup to open Abu Dhabi hub

Bloomberg SenseTime Group Ltd., one of the world’s most valuable artificial-intelligence startups, is setting up a hub in Abu Dhabi for Europe, Middle East and Africa with plans to hire hundreds of engineers. The Chinese facial recognition firm, which counts Alibaba Group Holding Ltd. as an investor, will start work on the research and development center this year and build ...

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Oil rallies as US stockpiles plunge

Bloomberg Oil’s rally picked up steam as US crude stockpiles shrank and domestic output plunged the most in more than a year, adding to supply concerns as tensions escalate in the Middle East. Futures jumped as much as 1.5% after the Energy Information Administration said domestic oil inventories slipped for a sixth straight week, the longest contraction since January 2018. ...

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