Bloomberg United Parcel Service (UPS) Inc is seeking approval to operate delivery drones under the same rules as a private jet service, unlocking the potential to carry health-care packages over long distances between hospitals. The company is working with the US Federal Aviation Administration (FAA) to obtain Part 135 certification this year, a step toward freeing it from current commercial …

BEIJING / WAM Chinese President Xi Jinping has stressed the significance of peace and stability in the Gulf region for the Middle East as well as for the whole world, saying the region should be an “oasis of security” rather than a new “source of turmoil.” “China backs the UAE’s commitment to regional peace and stability,” Xi said, calling on …

Bloomberg The US has sanctioned a Chinese state oil trader for violating restrictions on Iranian crude, an attempt to tighten restrictions on the Islamic Republic and cut off one of its biggest buyers. Zhuhai Zhenrong Co., the secretive company with links to the Chinese military, has a history of taking Iranian crude and fuel, at times as part of barter …