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  Sharjah / Emirates Business Al Majaz Waterfront, Sharjah’s premier tourist and family destination, marked the occasion of Eid Al Fitr with an array of special activities under its ‘Summer Fun’ programme. Launched on the first day of Eid, the event ensured that a smile on the visitors’ faces with fun-filled entertainment shows and performances. Al Majaz Waterfront’s Eid activities, ...

  NEW YORK / AP Iran is hoping to join an international project in southern France that hopes to build the first machine to generate significant amounts of energy using nuclear fusion, which is considered a clean, safe and virtually limitless form of nuclear power. Laban Coblentz, spokesman for the ITER project, said a high-level Iranian delegation led by nuclear ...

  Bloomberg Rooftop-solar panels are being installed in the region covered by the biggest U.S. power grid at a faster pace than expected. That will accelerate the shift away from large generators. Distributed solar generation on the grid managed by PJM Interconnection LLC, which serves more than 61 million people in the East, jumped 30 percent in April from a ...

  BENGHAZI / Reuters Libya’s oil guard brigades, which control Ras Lanuf and Es Sider, two major export terminals closed since 2014, are working with the unity government’s state oil company, NOC, and preparing to reopen fields to pump crude again, a spokesman said. The spokesman for Ibrahim Jathran’s PFG forces did not give any details whether that would include ...

  Bloomberg Carbon markets, the free-enterprise solution to saving the world from global warming, are now in danger themselves. The idea was simple enough: Set a cap on carbon emissions, issue enough permits to allow power plants, refineries and the like to stay within those limits and then shrink the cap over time to achieve reductions. The companies whose emissions ...

  Bloomberg As Kazakhstan’s leader celebrated his 76th birthday this week, the social bargain that’s underpinned his more than quarter-century in charge is crumbling. President Nursultan Nazarbayev’s plans to retool his nation for an era of low-cost crude are meeting resistance from protesters opposed to land reforms and, more recently, from religious radicals. The struggle to implement his overhaul is ...

  Bloomberg India’s steel consumption dropped in June for the first time in at least 15 months, as curbs on imports raised prices in the domestic market. Demand fell 4.3 percent to 6.8 million metric tons from a year ago, the first drop since at least April 2015, when the Steel Ministry began to publish monthly data. Steel output in ...

  Bloomberg Takata Corp., the scandal-stricken air-bag maker that’s seeking investors, is reaching out to as many as 20 possible buyers in an effort to narrow down a list of suitors, according to people familiar with the matter. Takata is working on restructuring the company and is open to a sale to a private equity partner, a parts supplier or ...

  AFP India is considering a proposal to increase the limit on foreign direct investment in local newspapers and magazines, two government officials said. The Finance Ministry recommended raising the cap to 49 percent from 26 percent, bringing it on par with that on news television channels, the officials said, asking not to be identified citing rules for speaking with ...

  Bloomberg Telefonica SA, facing roadblocks in the planned sales of its assets following Britain’s vote to leave the European Union, is paring a stake in China Unicom (Hong Kong) Ltd. to raise as much as US$367 million. The sale of 361.8 million shares began today and the stock is being offered at HK$7.75 to HK$7.85 apiece, according to terms ...