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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, will open on Tuesday the 10th edition of the Arab Strategy Forum (ASF), in Dubai. The 10th edition of the forum, to be held under the theme ‘The State of the World in 2018’, will see thought leaders delivering ...

Abu Dhabi / WAM The United Arab Emirates Space Agency (UAE Space Agency), the National Emergency Crisis and Disaster Management Authority (NCEMA), and the Mohammed bin Rashid Space Centre (MBRSC), have jointly announced that the UAE, represented by the three parties, has become an official member of the International Charter on Space and Major Disasters. The UAE is the first ...

Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry will participate in the SIAL Middle East 2017 exhibition, which will start on December 12 at the Abu Dhabi National Exhibition Centre (ADNEC). The exhibition is one of the largest and most important food exhibitions in the region, attracting senior officials, people in business, and investors in the ...

Bloomberg US stocks were higher after an explosion rocked midtown Manhattan. The dollar fell and Treasuries rose. All major equity gauges were higher, led by gains in technology and energy shares, as markets digested news of the pipe bomb blast on Monday morning in the Times Square subway station on 42nd St. that injured four people, including the suspect. Oil ...

Reuters Saudi Arabia’s stock market pulled back on Monday as a bubble in shares of real estate firm Dar Al Arkan burst, while equities in Qatar pulled further away from six-year lows. The Saudi index retreated 0.6 percent as Dar Al Arkan, which had gained as much as 3.4 percent in early trade, closed 9.9 percent lower at 12.60 riyals. ...

Bloomberg Egypt and Russia signed a $30 billion deal to build North Africa’s first nuclear power plant as the Kremlin moves to expand its influence in the region. Russian President Vladimir Putin and his Egyptian counterpart Abdel-Fattah El-Sisi witnessed the signing ceremony in Cairo on Monday. The project increases Russia’s economic presence and political influence in the Middle East, already ...

Bloomberg Saudi Arabia plans to raise domestic gasoline and jet fuel prices in January, part of a program to gradually eliminate energy subsidies as the kingdom seeks to overhaul its economy and balance the budget, according to a person with knowledge of the matter. Gasoline prices are set to increase by about 80 percent, while jet fuel prices will be ...

BAGHDAD / Reuters Iraq has agreed to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil, Iraqi Oil Minister Jabar al-Luaibi said. The agreement signed by the two countries provides for Iran to deliver to Iraq’s southern ports, on the Gulf, “oil of the same characteristics and in the same ...

Bloomberg Oil slipped to near $57 a barrel as US drilling expanded and OPEC nations Kuwait and the United Arab Emirates signalled they can phase out production cuts if the market improves. Futures fell 0.4% in New York after climbing 2.5 percent in the previous two sessions. Drillers boosted the rig count by two to 751, a three-month high, according ...

Bloomberg Pilot production at Egypt’s Eni SpA-operated Zohr natural gas field will begin “in the coming few days,” the oil ministry said, as the country nears its goal of commercial output from the biggest gas discovery in the Mediterranean Sea by the end of this year. Gas is being pumped from the national distribution system to test pipelines in preparation ...