On Wednesday, Indonesia celebrated its Independence Day with a bang — blowing up several Chinese boats that had been caught fishing illegally in its waters and impounded. China doesn’t dispute Indonesia’s territorial claims, but Chinese fishermen have more pressing concerns. According to reports in Chinese state media this week, overfishing and pollution have so depleted China’s own fishery resources ...

  How many times have you heard someone say that the Federal Reserve’s asset-purchase program known as quantitative easing was ineffective? At least, that’s what I keep hearing from the usual pundits arguing their case on television and in print. I have my own suspicions that monetary stimulus works well enough to thaw frozen credit markets, as it did amid ...

  Nowadays, if you’re a smart college graduate, Silicon Valley and its tech-startup scene is the hot place to be. But 10 years ago, it seemed like everyone with a brain and big ambitions wanted to go to Wall Street. The worlds of investment banking and trading were a golden ladder to the good life. The numbers tell the tale. ...

  ABU DHABI / Emirates Business Emirates Green Building Council (EmiratesGBC) — an independent forum aimed at conserving the environment by strengthening and promoting green building practices — will showcase the best practices and experiences of the green building champions from across the Middle East and North Africa region at a special event on August 24 from 8.30am to 11.30am ...

  Sharjah / Emirates Business ‘Sumfun’ summer festival — Shurooq’s latest summer festival celebration taking place across four of Sharjah’s most iconic and popular destinations and running until September 16 — kicks off with visitors receiving opportunities to win a series of travel packages, valuable cash prizes and a grand prize comprising of the latest Cadillac CTS 2016. The Sharjah ...

  Dubai / Emirates Business SellAnyCar.com, the Middle East’s first and largest car buying service guaranteeing the purchase of any car within 30 minute, has released new research indicating that the price variance in classified ads for pre-owned car creates ambiguity and lowers the rate of successful transactions. The research is part of a SellAnyCar.com initiative to identify and address ...

  Reuters Saudi Arabia is sending signals that it could boost its crude oil supplies in August to a new record level, overtaking Russia, the world’s top oil producer, as it gets ready for tough talks next month for a global output freeze pact. Industry sources say the kingdom, already the world’s largest oil exporter, started to raise production from ...

  Riyadh / Emirates Business The organizing committee of the coffee and chocolates exhibition, which is being held for the third year in a row at the Riyadh International Convention and Exhibition Centre from December 20-23, revealed that the size of exhibition area has increased to 7781 sq m display area. The total number of participants reached over 100 because ...

  Bloomberg Oil held its advance after the longest run of gains in more than a year as US crude and gasoline stockpiles declined, easing an overhang of supplies that are at the highest seasonal level in at least two decades. Futures were little changed in New York after advancing more than 12 percent over the previous five sessions. Crude ...

  Bloomberg Mad Dog, BP Plc’s drilling project deep in the Gulf of Mexico, could be Exhibit A in the oil industry’s war on cost. When the British oil giant announced the project’s second phase in 2011, it put the price at $20 billion. Last month, after simplifying plans and benefiting from a sharp drop in everything from steel to ...