Abu Dhabi / WAM The UAE Space Agency (UAESA), concluded in Abu Dhabi the first national workshop on measuring the space economy. The Agency organised the workshop in collaboration with the Federal Competitiveness and Statistics Authority (FCSA), and the Organisation for Economic Cooperation and Development (OECD). It was attended by Ministry of Economy, local statistics centres and local economic authorities. ...

Bloomberg Zimbabweans streamed to polling stations to vote in the first election since the end of Robert Mugabe’s fractious 37-year-rule. A credible vote would help provide the southern African nation with a foundation to begin rebuilding its battered international reputation and an economy largely laid to ruin during the latter half of Mugabe’s reign. While the campaign has been mostly ...

Bloomberg Total SA raised its production target for the second time this year, accelerating its emergence from the oil slump as rising prices deliver a surge in profit. While the return of US sanctions on Iran derailed a major gas endeavor of the French energy giant, the move also boosted oil prices just as Total reaped the benefits of project ...

Bloomberg Protests at some South African power stations amid deadlocked wage talks are stopping coal from getting to plants and threaten to force the country’s electricity provider to implement rolling blackouts. “The national grid is expected to be constrained this evening due to instability at several power stations due to acts of intimidation,” Khulu Phasiwe, a spokesman for Eskom, said ...

Bloomberg The first major utility to embrace green power is cultivating its roots as a grid operator to insulate it from new rivals seeking a foothold in the electricity business. Iberdrola SA’s Chief Executive Officer Ignacio Galan said selling power directly to environmentally-conscious companies and running grids that earn a predictable return are at the heart of the strategy for ...

Bloomberg Chesapeake Energy Corp’s agreement to sell shale assets in Ohio for about $2 billion boosted the natural gas producer’s shares as it moves to whittle down debt. The deal announced with closely held Encino Acquisition Partners is Chief Executive Officer Doug Lawler’s biggest in 3 1/2 years. After Chesapeake said almost all of the proceeds will be used to ...

Bloomberg The biggest technology shares fell for a third day as investors showed signs of exhaustion with the sector amid a slew of corporate earnings. Government bonds declined ahead of key policy meetings from some of the world’s biggest central banks. The Nasdaq 100 Index sank almost 1 percent as the FANG cohort tumbled 2.2 percent, led by Netflix Inc. ...

Bloomberg Iran’s rial tumbled to another historic low, resisting government efforts to shore up the economy as the restoration of US sanctions looms. In an effort to signal they’re taking action to fight profiteering and cushion the blow of the US economic offensive, authorities have rounded up more than two dozen merchants who they say exploited government currency measures for ...

Bloomberg BMW AG and Daimler AG are facing more pain in China after higher tariffs on US-imported cars force price hikes and consumers hold back on their next purchase. BMW, which like Daimler AG ships US-made sport utility vehicles to China, said it will join Tesla Inc. in raising prices in the Asian country. The steeper charges are a result ...

Bloomberg The Indonesian government is seeking to boost coal exports and increase foreign exchange earnings by scraping an obligation on miners to supply domestic power stations, according to a senior minister. The proposal, which will be discussed in a cabinet meeting on Tuesday, can generate an additional $5 billion annually in export proceeds, Coordinating Minister for Maritime Affairs Luhut B. ...