ABU DHABI / WAM As part of the Ministry of Finance’s efforts to strengthen relations and develop financial and economic cooperation frameworks with other countries, Obaid Humaid Al Tayer, Minister of State for Financial Affairs, met Steven Mnuchin, US Treasury Secretary, in Abu Dhabi. Mubarak Rashed Al Mansoori, Governor of the Central Bank of the UAE, and a number of ...

SOFIA / WAM A high-level United Arab Emirates delegation has concluded a successful trip to Bulgaria, with both nations agreeing to further advance bilateral relations. UAE Minister of State Ahmed Ali Al Sayegh led the high-level delegation to the Bulgarian capital Sofia in a bid to further develop bilateral cooperation in a number of fields. In meetings with Bulgarian counterparts, ...

Bloomberg America’s two biggest oil majors are leaning on booming shale production in the Permian Basin, the once-overlooked region in West Texas and New Mexico, to weather the gathering macroeconomic storm of lower oil demand, weak commodity prices and slowing global growth. Exxon Mobil Corp. said its production from the basin rose 70% in the third quarter compared with a ...

Bloomberg Russia’s average daily oil production remained above its Opec+ target in October, though the compliance gap is the smallest since the Druzhba crude-contamination crisis earlier this year. The country pumped 47.49 million tons of crude and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That equals a daily average of 11.229 million barrels, based ...

Bloomberg China’s imports of liquefied natural gas are poised to drop for the first time in more than three years as buyers grapple with an outage at a key receiving terminal and hefty stockpiles. The world’s top buyer of natural gas imported 3.8 million tons of the fuel in LNG form October 1-30, according to berth data compiled by Bloomberg, ...

Bloomberg A Greek ship is being implicated by Brazilian authorities as part of a probe into a mysterious oil spill in the Latin American country. More information is being sought about the merchant vessel that may have been the source of the oil leak, according to statements from the police and federal prosecutor’s office. The ship, which wasn’t named, docked ...

Bloomberg President Donald Trump renewed his attacks on Democrats’ impeachment efforts at his first campaign rally since the House voted to kick off the public phase of the accelerating inquiry. “The Democrat party has gone completely insane,” Trump told a cheering audience at a rally in Tupelo, Mississippi. He said the party is trying to overturn the 2016 election results ...

Bloomberg A wildfire that erupted near Los Angeles has forced up to 8,000 people to flee as the tail end of a powerful windstorm takes its final swing at southern California. The blaze in Ventura County has ripped through almost 9,000 acres and threatens 2,300 structures, according to local authorities. Edison International has cut power to 625 nearby homes and ...

Bloomberg Hong Kong police fired multiple rounds of tear gas at protesters who rallied for a 22nd consecutive weekend despite authorities denying them a permit to gather. Police arrested dozens, and deployed a water cannon on black-clad demonstrators who had built barricades and threw fire-lit objects in Wan Chai on Hong Kong Island. Arsonists set alight an exit of a ...

Bloomberg The death toll from an attack on an army post in eastern Mali rose to 54, making it one of the deadliest assaults on security forces since separatists and radical insurgents seized swathes of the nation’s north in 2012. The latest estimate of casualties was announced by government spokesman Yaya Sangare in a statement on Twitter. Reinforcements dispatched to ...