Sharjah / Emirates Business Twenty orphan children got their wishes fulfilled after Knowledge without Boarders’ (KwB) response to ‘Sidreh of Wishes’ initiative that was launched by the Sharjah Social Empowerment Foundation. ‘Sidreh of Wishes’ saw KwB distribute personal items designed to help the youngsters in their learning endeavours, as well as be of practical assistance in other areas of ...

  Sharjah / Emirates Business Students from the Middle East and North Africa will, for the first time, took part in the second edition of the cross-cultural SAWA Summer School initiative, held recently at the Sharjah Museum of Islamic Civilization. A joint collaboration between Sharjah Museums Department, Goethe-Institut Gulf Region, Staatliche Museen Berlin – Stiftung Preußischer Kulturbesitz and University of ...

  Bloomberg It will be too early for Iran to discuss freezing crude output when the world’s biggest producers meet later this month in Algiers, according to an official from the Persian Gulf nation’s state-oil company. Iran will be ready to decide on capping production once output reaches the level it was before international sanctions were imposed on the country, ...

  Reuters Oil advanced as weekly industry data showed U.S. crude inventories declined, trimming supplies that are at the highest seasonal level in at least 30 years. Futures climbed as much as 2.2 percent in New York after rising 5.4 percent the previous three sessions. Crude stockpiles fell by 12.1 million barrels last week, the American Petroleum Institute was said ...

  Reuters Iraq has given fellow OPEC members the level of crude production at which it would be prepared to freeze output, according to the top official at the state oil marketing company. The second-biggest producer in the Organization of Petroleum Exporting Countries could support a freeze “for a certain period,” Falah Al-Amri, the director general of Iraq’s Oil Marketing ...

Reuters Algeria’s government plans to slash spending by 14 percent in 2017, after a 9 percent cut this year, seeking to adjust to lower energy revenues, according to a government official. It is also considering increasing subsidised gasoline and diesel prices for a second straight year to rein in rising domestic consumption and lower the import bill, the official said. ...

  Bloomberg Egypt’s annual inflation rate accelerated to 15.5% in August, driven to its highest level in at least seven years by the weakening of the currency and an increase in electricity prices. Consumer prices rose 1.9 percent in the month, according to data published by the state-run CAPMAS statistics agency. Food and beverage prices, which account for the largest ...

  Bloomberg Steel exports from China slumped last month to the lowest level since February, offering some respite to world leaders just days after they expressed concern over a growing glut of the metal. Shipments from the biggest producer dropped to 9 million metric tons from 10.3 million in July and 9.7 million tons a year earlier, according to China’s ...

  Bloomberg China’s crude oil imports increased to the highest in four months, while coal shipments jumped to the most since December 2014 as domestic production of both fuels declines. The world’s biggest energy user imported 32.85 million metric tons of crude in August, according to data released by the General Administration of Customs on Thursday. That’s about 7.77 million ...

  Bloomberg Japan’s economy expanded more than the government initially reported for the second quarter, helped by an upward revision in capital spending, private inventories and public investment. Key Points Gross domestic product expanded by an annualized 0.7 percent in the three months ended June 30, more than the initial reading of 0.2 percent, according to revised data from the ...