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RIYADH / Reuters US and Saudi Arabian companies signed business deals worth tens of billions of dollars on Saturday during a visit by President Donald Trump, as Riyadh seeks help to develop its economy beyond oil. National oil firm Saudi Aramco said it signed $50 billion of agreements with US firms. Energy minister Khalid al-Falih said deals involving all companies ...

Sharjah / WAM The Sharjah National Oil Corporation (SNOC), and the Sharjah Electricity and Water Authority (SEWA), have signed a full gas sales agreement, GSA, targeting the supply of natural gas for power generation in the emirate of Sharjah. The agreement was signed by Sheikh Sultan bin Ahmed Al Qasimi, Deputy Chairman of the Sharjah Petroleum Council and President of ...

Dubai / Emirates Business The ‘Wannacry’ ransomware attack, which has now affected more than 200,000 computers in over 150 countries since originally infecting users’ files on Friday, 12 May, will be a hot topic on the main conference floor and in the corridors of the Dubai World Trade Centre (DWTC) when the 4th Gulf Information Security Exhibition and Conference (GISEC) ...

Sharjah / WAM Expo Center Sharjah announced a 7 percent increase in the number of visitors to the various exhibitions and events organised by the Centre during the first quarter of 2017, year on year, with more than 302,474 visitors to the various events and exhibitions coming from around the UAE and beyond. Saif Mohamed Al Midfa, CEO of Expo ...

SHARJAH / Emirates Business Sharjah FDI Office (Invest in Sharjah) – an investment entity operating under the Government of Sharjah – is targeting events in two of China’s fastest developing cities in a bid to increase the UAE’s business opportunities with the Far East. The organisation will be exhibiting at the 2017 World Forum for Foreign Direct Investment, which takes ...

Sharjah / Emirates Business The strengthening of ties and the exchange of expertise with United States (US) bodies were the topics on the table at a high-level meeting conducted by Sharjah Department of Statistics and Community Development (DSCD). Taking place at Sharjah Chamber of Commerce and Industry, the activity saw the Sharjah government department host a delegation from the US ...

Bloomberg China buys more raw materials than any nation, but that doesn’t mean it always gets the best prices. So the government is altering domestic commodity exchanges to bring in more foreign investors and expand the country’s influence on global markets. Two decades of rapid economic growth have left the world’s biggest population consuming more food, energy and metals than ...

Bloomberg Billionaire Beny Steinmetz’s mining company may be asked to pay as much as $1.2 billion to former partner Vale SA after choosing not to attend an arbitration hearing in London in a dispute over one of the world’s richest mineral assets, two people with knowledge of the case said. The decision by Steinmetz’s BSG Resources Ltd. to back out ...

Bloomberg The UK may find itself in a rare position of becoming a net impo- rter of wheat this season. Imports have exceeded demand in recent months, and if that continues the nation could finish the season that ends in June as a net buyer, according to the Agriculture & Horticulture Development Board. That’s only happened three times in the ...

Bloomberg Asian governments are watching with some anxiety the fate of the North American Free Trade Agreement as the Trump administration kicks off a review of the pact. “All of us are keen to know whether America is committed to have an open, liberal trading environment,” Malaysian Trade Minister Mustapa Mohamed said in an interview on the sidelines of the ...