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  Bloomberg Egypt has received a $2 billion deposit from Saudi Arabia, an Egyptian central bank official said, bringing it closer to securing a $12 billion loan from the International Monetary Fund. The official, who asked not to be identified because the information isn’t yet public yet, didn’t specify when Egypt received the funds. Net foreign reserves rose by $3 ...

  Bloomberg Saudi Arabia’s main state grain buyer SAGO said on Thursday it was seeking to purchase 595,000 tonnes of hard wheat from global suppliers in an international tender. The deadline for submitting offers was 2359 Saudi time (2059 GMT) on Oct. 14, with the wheat due to be shipped between Dec. 1, 2016 and Jan. 30, 2017, it said. ...

  Bloomberg OPEC’s effort to secure cooperation of non-members in a global deal to curb crude output will roll on from Istanbul to Vienna, with Russia on board but growing internal differences over sharing the burden of cuts. Russia is ready to participate in a “technical exchange” to set a road map for oil production levels in the Austrian capital ...

  Bloomberg Libya’s oil production is set to reach a three-year high by December as fields restart and ports reopen after five years of armed conflict crippled sales. Output is now 540,000 barrels a day and will reach 900,000 barrels by the end of the year, Libya’s National Oil Corp. Chairman Mustafa Sanalla said Wednesday in Istanbul. That would be ...

  Istanbul / AFP Israel and Turkey on Thursday agreed to open discussions on building a gas pipeline to pump Israeli gas to Europe, as the Israeli energy minister made the first ministerial visit since a crisis in ties. Israeli Energy Minister Yuval Steinitz met his Turkish counterpart Berat Albayrak in Istanbul, the highest level official meeting since the two ...

  NEW YORK / AP If you’re like many people, you have thousands of photos on your phone, long forgotten after you’ve posted a few on Instagram or Facebook. They don’t have to stay forgotten. Apple and Google are both applying a form of artificial intelligence called “machine learning” to organize your pictures and video — and along the way, ...

  Relaxnews Television manufacturer Samsung is to partner with PC gaming giant Valve to integrate its Steam Link game streaming device into future TV sets. Announced during the Steam Dev Days developer event in Seattle, the partnership means that in future, owners of new Samsung TVs will be able to stream video games and other content to their televisoin set ...

  Bloomberg Sony Corp.’s release of the PlayStation VR on Thursday brings virtual reality to the cusp of mainstream adoption. To make it a must-have home entertainment device, the gadget will need a breakaway hit like Angry Birds or Pokemon Go. A list of the challenges faced by virtual-reality developers offers hints of what a killer VR app or game ...

  Dubai / Emirates Business Lenovo (HKSE:992) has launched its latest smartphones with the pioneering devices, the Moto Z and the Moto Z Play, in the United Arab Emirates. With Moto Mods, Lenovo has entered the next era of mobile technology. Consumers can transform their Moto smartphone into exactly what they need it to be, and the possibilities are endless. ...

  Emirates Business Combining classical beauty with stunningly functional complications, the Classic Sonata makes its entrance. Mechanical complications that have been pared down to their most essential form are celebrated by the classical lines of this covetable piece in titanium and steel. The alarm function with its pleasant chime, and the Dual Time system with instant time zone adjustor, are ...