Fujairah / WAM The Fujairah Chamber of Commerce and Industry (FCCI), and the European Union Mission in the UAE, have discussed the economic and trade relations between the UAE in general, and the emirate in particular, with EU countries. The parties also covered ways to promote ties between Fujairah’s entrepreneurs and their counterparts in the EU. Discussions took place during ...

Dubai / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, inaugurated the third International Conference on Future Mobility in Dubai on Tuesday. Around 350 representatives of global, regional, Gulf and local governments, as well as experts in environment, energy, technology, communications, research and legislation, are participating in the conference, organised by the Emirates Authority for Standardisation and Metrology (ESMA). ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, hosted a high-profile delegation from the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC), to coordinate efforts in achieving the objectives of the UAE Foreign Aid Strategy, 2017-2021. The opening session was chaired by Mohammed Saif Al Suwaidi, Director-General of the ADFD, ...

Bloomberg Exxon Mobil Corp.’s deal in January for a swath of Permian Basin drilling real estate came with a sweetener for the sellers. The heirs of oil tycoon Perry Bass will get $1 billion in cash by 2032 — if drilling goes well for Exxon. That payout would be on top of the $5.6 billion in Exxon shares the Bass ...

Bloomberg An obscure gasoline additive could lead to a windfall of more than $6 billion for struggling US oil refiners. There’s just one hurdle: the Internal Revenue Service. Fuel makers are examining whether their occasional use of butane — a liquefied petroleum gas — qualifies for a big tax credit under a now-expired law that was intended to promote the ...

Bloomberg Sunrun Inc., the San Francisco-based residential-solar company, surged the most in 10 weeks after Bank of America Corp. said the company expects to be cash-flow positive by year-end. Sunrun gained 6.9 percent to $6.04 at 11:07 a.m. in New York, the most intraday since Aug. 24. The company is expanding into new markets and shifting its financing models so ...

Bloomberg Helium resources discovered in Tanzania last year may be almost twice as large as first thought, helping address possible future shortages of the gas used in medical scanners and nuclear energy when production begins, possibly as early as 2020, the exploration company said. Researchers working with Lisbon-based Helium One Ltd. calculated the Rukwa gas field in southwestern Tanzania could ...

Bloomberg Apple Inc.’s primary iPhone assembler in India is scouting for about 100 acres of land in Bangalore to expand its facilities for the world’s most valuable company, according to people familiar with the matter said. Wistron Corp. executives toured the city last week and have shortlisted a few parcels including one plot close to the airport, said the people, ...

Bloomberg China’s Shandong Ruyi Group is paying more than $2 billion to buy the owner of Lycra, the form-fitting elastic material used in everything from jeans to yoga pants, people with knowledge of the matter said. The purchase from Koch Industries Inc. is part of the Chinese apparel producer’s goal to acquire leading global textile brands, one of the people ...

Bloomberg Gold imports by India, the world’s biggest consumer after China, dropped 31 percent in October from a year earlier, according to a person familiar with matter. Inbound shipments fell to 66.8 metric tons in October, from 96.7 tons, said the person, who asked not to be identified because the data aren’t public. The figure would leave imports for the ...