As long as there are eager buyers of bridges, there will be willing sellers. Oil has rallied 8 percent over the past week or so on the pleasingly oxymoronic notion of a rekindled freeze. The big move came on Thursday when Saudi Arabia’s energy minister, Khalid Al-Falih, indicated the OPEC kingpin was open to taking action to stabilize prices. …

  China’s Anbang Insurance Group is stretching the definition of time with its planned acquisition of U.S. insurer Fidelity & Guaranty Life. It’s been more than 10 weeks since the Beijing-based company withdrew its approval request with the New York Department of Financial Services for its $1.6 billion acquisition of the life insurer, saying it planned to refile “in the …

  UAE has bettered its global position in innovation. The country ranked first among Arab countries and 41st worldwide in terms of overall performance on 2016 Global Innovation Index, which was announced at the UN headquarters in Geneva. It is up from second in the Arab World and 47th globally in 2015. The Innovation has taken the centre stage as …