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Dubai / WAM Dubai Customs participated in Shenzhen Security Summit in China. Ahmed Mahboob Musabih, Director of Dubai Customs and Younis Othman, IT Director attended the event. The participation aimed at learning about the best practices in security that can help protect borders and entry points, control and monitor passenger traffic and implement latest techniques in risk management. Dubai Customs ...

Ras Al Khaimah / Emirates Business With proven hydrocarbon reserves in place, diverse exploration plays, easily accessible existing infrastructure, attractive production sharing terms and commercialization plans, plus a team of international experts already working on the ground, the tendering process to explore for oil and gas resources in Ras Al Khaimah has received positive interest on a global scale. Launched ...

Bloomberg The Chinese government’s moves to ramp up renewable energy consumption have sparked optimism over the future of China Longyuan Power Group Corp, the country’s biggest wind power producer. Around half of the 29 analysts covering Longyuan have raised their price targets for its Hong Kong-listed stock over the past month, according to data compiled by Bloomberg. Following a 29 ...

Bloomberg Santos Ltd. rejected Harbour Energy Ltd.’s $10.9 billion final offer and terminated talks. The Australian oil and gas producer said its independent directors, managing director and chief executive officer unanimously decided to reject the proposal because it didn’t represent the full value of the company. Oil prices and shares of its peers traded in Australia have rallied 14 percent ...

Bloomberg ZTE Corp. is estimating losses of at least $3.1 billion from a US technology ban that’s halted major operations as clients pull out of deals and expenses mount, people familiar with the matter said. The telecoms gear and smartphone maker however is hopeful of striking a deal soon and already has a plan in place — dubbed “T0” — ...

Bloomberg Jaguar Land Rover will spend about 4.5 billion pounds ($5.3 billion) in the current financial year on new models and technologies as the luxury carmaker looks to spur sales that grew at a slower pace. “We will continue with over-proportional investment in new vehicles, manufacturing facilities and next generation automotive technologies in line with our autonomous, connected, electric and ...

Bloomberg A day after China delivered on its promise to cut auto import tariffs, Tesla Inc. lowered prices in the country by about 6 percent, passing on some of the savings to consumers as competition heats up in the world’s largest electric-car market. The price of a Model S has been reduced to as low as $111,000 and the Model ...

Bloomberg Foxconn Industrial Internet Co. plans to raise $4.3 billion selling stock in an initial public offering, kicking off the largest mainland Chinese debut since the 2015 stock market crash. Shares will be offered at 13.77 yuan apiece, valuing the company at about $43 billion — larger than eBay Inc. The smart factory unit of Hon Hai Precision Industry Co., ...

Bloomberg Chinese smartphone maker Xiaomi Corp. is opening a store in Paris and planning for more shops in France, Spain and Italy, testing the appetite of consumers in developed markets as its executives consider a US xpansion. “Every morning I think about the US market and when we’ll launch there,” Xiaomi Senior Vice President Wang Xiang, who heads global operations, ...

Bloomberg Sony Corp.’s new chief executive officer is interested in taking the Japanese electronics maker in an entirely new direction: moving objects. Kenichiro Yoshida, who took over in April, said that he’s always wanted to work on “moving objects,” adding that it’s far too early to say whether Sony will enter the space. “Through our semiconductors, we’re actually already a ...