‘Urban Thinkers Campus’ announces global initiatives

Dubai / Emirates Business The Urban Thinkers Campus, which was launched by Dubai Land Department (DLD) through its educational arm the Dubai Real Estate Institute (DREI) in cooperation with the United Nations (UN), concluded with discussions on investment and real estate innovation, smart and sustainable living, wellness and happiness, innovative asset management, and affordable housing. The sessions, hosted by Dubai ...

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RAKEZ in UK explores future of manufacturing

RAS AL KHAIMAH / WAM The Ras Al Khaimah Economic Zone (RAKEZ), has supported the Financial Times (FT), in bringing this year’s ‘Future of Manufacturing Summit’, one of the most significant events in the manufacturing landscape, which was held in London on October 3. With the attendance of over 200 manufacturing leaders, investors and innovators, the event underlined game-changing technologies ...

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WTM London to help grow Mideast tourism

DUBAI / WAM With Expo 2020 Dubai on the horizon, and a successful push to diversify economies away from a reliance on hydrocarbon receipts, travel professionals from the Middle East are heading to WTM London in November in confident mood as they look to achieve a greater share of the multi-billion-dollar international travel market. WTM London being held from November ...

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ZAKK launches LED bluetooth headset

DUBAI / Emirates Business Headset with an LED light cable. The Firefly offers perfect safety features for fitness enthusiasts who like to run at night. The Firefly’s rechargeable LED light provides an added layer of safety from vehicles and other objects due to its enhanced visibility in the dark. ZAKK is a global lifestyle brand aimed to enhance the experiences ...

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Saudi king heads to Russia, with oil and investment on agenda

RIYADH / MOSCOW / Reuters The leaders of Saudi Arabia and Russia, the world’s biggest oil exporters, are expected to discuss cooperation on oil production and differences over Syria and Iran on Thursday during the first visit to Moscow by a reigning Saudi Monarch. A slew of investment deals, including on a liquefied natural gas (LNG) project and petrochemical plants, ...

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Russia, Saudi Arabia to set up $1bn technology fund

Reuters Russia and Saudi Arabia plan to set up a $1 billion fund to invest in technology, the chief executive of a sovereign Russian wealth fund said on Wednesday. The joint venture is the latest in a series of deals expected to be signed during a visit to Russia by King Salman this week. Other deals include a $1 billion ...

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Oil extends losses near $50

Bloomberg Oil extended losses near $50 a barrel as US industry data showed an increase in gasoline stockpiles and a boost in crude inventories at the nation’s biggest storage hub. Futures lost as much as 1% in New York after falling 2.4% in the previous two sessions. Gasoline supplies rose by 4.91 million barrels last week, the American Petroleum Institute ...

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Libyan oil output set to rebound as biggest field restarts operations

Bloomberg Libya’s oil output, hampered by sporadic shutdowns at fields and ports, is on track to resume its recovery as the OPEC nation’s biggest crude deposit started pumping after a three-day forced halt. The Sharara field re-opened on Wednesday and is restoring production, the state producer National Oil Corp. said on its website. NOC lifted force majeure at the field ...

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Aramco raises Arab Light price to Asia by 30 cents

SINGAPORE / Reuters Saudi Aramco has raised the price of its Arab Light grade for Asian customers for loading in November by 30 cents versus the previous month to a premium of 60 cents a barrel to the average of Oman and Dubai quotes, a source familiar with the matter said on Wednesday. It also raised prices for two other ...

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Algeria to amend energy law by year-end

ALGIERS / Reuters Algeria plans to amend its energy law before the end of the year as the OPEC producer tries to attract more foreign investors, a senior source at state energy firm Sonatrach told Reuters. Algeria, a major gas supplier to Europe, wants to boost oil and gas revenues which were hit by a fall in global prices. But ...

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