Bloomberg Oil fell, paring a weekly gain, as investors weighed improving supply fundamentals against doubts surrounding China’s economic growth. Futures in New York slid 2% but notched a 13% increase for the week. Major producers continue to scale back production. US explorers laid down another 21 oil rigs, bringing the total to the lowest since 2009. Beijing abandoned its economic ...

Bloomberg China’s banking regulator is asking big banks to maintain annual growth of at least 5% in outstanding loans to the manufacturing sector, the Shanghai Securities News reported on Saturday. By the end of 2020, the ratio of mid-to-long term loans to the sector should rise by 1 percentage point compared to the start of the year, the newspaper reported, ...

NEW YORK / WAM UN Secretary-General Antonio Guterres has saluted the efforts of the Higher Committee of Human Fraternity for the 14 May Global Prayer for Humanity, “as inspired by the interfaith leadership of His Holiness Pope Francis, the Grand Imam of Al Azhar Sheikh Ahmed Al Tayeb, and many others.” In a statement following a virtual meeting with the ...

Bloomberg Indian Railways will start 200 additional trains from June 1 to ferry passengers as the nation gradually eases coronavirus lockdown restrictions. Tickets will be sold online and through physical booking windows, Vinod Kumar Yadav, Chairman of the Railway Board, said in a televised address to reporters. Passengers will be screened at the stations and only those without symptoms will ...

Bloomberg Russian President Vladimir Putin gave his government until June 15 to come up with a plan to support the country’s oil industry while output is slashed under an agreement among the world’s main producers. Putin ordered ministers to work out “special rates” that pipeline operator Transneft PJSC and Russian Railways JSC will charge for transporting crude and petroleum products ...

DUBAI / WAM Dubai Customs has announced the official working hours at its customs centres during the Eid Al Fitr holiday, to help individuals and companies clear their goods without any delay. Air customs centres at Dubai Cargo Village, Dubai Airport Free Zone- gate number (5), Al Maktoum Airport Cargo Centre, and inspection section at Dubai Multi Commodities Centre will ...

ABU DHABI / WAM His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of State, has issued, in his capacity as Ruler of the emirate of Abu Dhabi, Law No. (15) of 2020, amending some provisions of Law No. (2) of 2000 regarding civil retirement pensions and benefits for the emirate of Abu Dhabi. The law included a number of ...

ABU DHABI / WAM In keeping with the spirit of giving, generosity and reflecting the true values of social cohesion and unity in the Abu Dhabi community, Ma’an’s ‘Together We Are Good’ programme has benefited more than 350,000 people in the Emirate of Abu Dhabi during the Holy Month of Ramadan. The Authority of Social Contribution, Ma’an, has received millions ...

ABU DHABI / WAM Zakat Fund announced that it has transferred AED47.9 million in zakat money for April and May. Abdullah Bin Oqeedah Almuhairi, Zakat Fund Secretary-General, stated that 10,903 eligible families benefitted from zakat money. Funds disbursed for the two months accounted for 55 percent of total disbursements paid since the start of the year, he noted. Zakat Fund’s ...

DUBAI / WAM Dubai Customs has announced the official working hours at its customs centres during the Eid Al Fitr holiday, to help individuals and companies clear their goods without any delay. Air customs centres at Dubai Cargo Village, Dubai Airport Free Zone- gate number (5), Al Maktoum Airport Cargo Centre, and inspection section at Dubai Multi Commodities Centre will ...