DUBAI / WAM With the goal of expanding cooperation in the field of disseminating science and knowledge in Dubai, the Dubai Electronic Security Centre (DESC) has signed an MoU with the Institute of Electrical and Electronics Engineers (IEEE), UAE Section. The MoU aims to strengthen mutual cooperation between both organisations with regards to developing educational materials and programmes on information …

Bloomberg Among the sneakers, diapers and pet food for sale on Taobao, China’s biggest e-commerce platform, is a listing that may take up a little more space in the online shopping basket. For 4.15 million yuan ($610,000), customers on the site owned by e-retailing giant Alibaba Group Holding Ltd. can bid for the debt of a steelmaker from Zhejiang, a …

Bloomberg Clariant AG’s planned $6.4 billion takeover of Huntsman Corp. will make it a major player in China for commodity polyurethane chemicals, yet the Swiss company is also looking to exploit niche gaps in the market, including additives to allow plastic film recycling. “Private Chinese companies are growing the fastest as they have the strongest insight into the market needs, …

Bloomberg As some Chinese tycoons slow acquisitions to focus on digesting their massive debt loads, one property billionaire is moving the other way. Sunac China Holdings Ltd. Chairman Sun Hongbin over the past year oversaw an acquisition spree that culminated with Monday’s $9.3 billion purchase of assets from Dalian Wanda Group Co. While the deal set a record for China’s …

Bloomberg Indian shares advanced a second day, with the key indexes extending record highs, paced by a rally in software exporters. The benchmark S&P BSE Sensex added 0.1 percent to close at 31,747.09 at the 3:30 p.m. close in Mumbai, while the NSE Nifty 50 Index gained 0.2 percent. The Sensex closed at an all-time high level for the third …

Bloomberg Electricity drew in more investment than fossil fuel supply for the first time last year as the energy industry prepared for electrification of everything from cars to buildings and industrial processes. Power generation and electricity grid expansions took in $718 billion, 42 percent of the $1.7 trillion invested in energy last year, according to a report by the International …

Bloomberg OPEC needs to “shock and awe” the oil market for prices to gain, according to Goldman Sachs Group Inc. The Organization of Petroleum Exporting Countries must increase output cuts aimed at shrinking a global glut with little public announcement in order to jolt investors, the bank said in a July 10 report. Without such action and no evidence of …

Bloomberg Everyone knows the rapidly shrinking energy sector has seen its influence on equity indexes wane. But oil-and-gas companies are also losing pull in a corner of the market they once dominated: value stocks. How far have they fallen? As recently as 2012, correlations between the S&P 500 Value Index and the benchmark’s energy companies were often close to 1, …

Bloomberg Royal Dutch Shell Plc, the oil company that spent more than $50bn to buy natural-gas producer BG Group Plc, is looking to expand demand for fuel in transport to ensure its output is consumed. Shell is studying developing a global network of liquefied natural gas supply hubs for vehicles including ships, Steve Hill, executive vice president for gas and …

Bloomberg Petroleos Mexicanos has hired the same legal representation used by Brazilian utility Eletrobras to audit its contracts with Odebrecht SA and affiliate Braskem SA amid an ongoing investigation into those two companies by the US Department of Justice. Hogan Lovells US LLP, which for the past two years has been leading an internal audit of state-owned Eletrobras related to …