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Egyptian billionaire Nassef Sawiris and American tycoon Wes Edens will acquire a 55 percent stake in the team for about $39 million Source: Arabian Business Industry News (ITP.NET)

Saudi shipments to China have risen to 970,000 tons so far this year, compared with 1.08 million tons for the whole of 2017 Source: Arabian Business Industry News (ITP.NET)

Amin Nasser says a stake in SABIC makes Aramco less vulnerable to volatile oil prices, and would be positive for its revenue Source: Arabian Business Industry News (ITP.NET)

UAE agrees to set up a ‘comprehensive strategic partnership’ with China as President Xi Jinping wraps up a three-day visit Source: Arabian Business Industry News (ITP.NET)

Industrial Capacity Cooperation Financial Group Limited is expected to manage $2bn in investment, set to start ops by the end of 2018 Source: Arabian Business Industry News (ITP.NET)

The UAE is the first stop for Xi Jinping on a tour also including Senegal, Rwanda and South Africa Source: Arabian Business Industry News (ITP.NET)

Legal action comes as liquidators of Dubai-based Abraaj seek to dispose of assets in developing nations around the world to help repay more than $1bn in debt Source: Arabian Business Industry News (ITP.NET)

Abu Dhabi National Oil Company awards contracts for the world’s largest 3D onshore and offshore seismic survey, covering an area up to 53,000 sq km Source: Arabian Business Industry News (ITP.NET)

iPhone system converts written information into voice directions including the schedules and directional signs for metro gates, stairs, escalators and station gates Source: Arabian Business Industry News (ITP.NET)

UAE International Investors Council says China takes the top position when it comes to UAE investment interest Source: Arabian Business Industry News (ITP.NET)