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Singapore / AFP Oil prices turned lower again on Monday as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut. Both main contracts had soared more than 10 percent Friday on a report that the OPEC producers’ club was open to output cuts that could drag prices up ...

Sydney / AFP A nuclear dump in an Australian state could handle 13 percent of the world’s atomic waste and prove “highly profitable” in the long term, initial findings from a high-level inquiry said on Monday. The prospect of a nuclear dump in the vast nation has proven controversial in the past. Australia has yet to decide where to store ...

Abu Dhabi / EMIRATES BUSINESS Manazel Real Estate PJSC, a leading UAE developer, on Monday announced its results for the twelve months ended 31 December 2015, the first full year results since listing on the Abu Dhabi Securities Exchange in November 2014. Strong growth in earnings reflects a robust performance for the year. Net profit grew 29% to AED 195 ...

Abu Dhabi / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has received the credentials of new ambassadors of fraternal and friendly countries, at Mushrif Palace in Abu Dhabi. Present were H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, H.H. Lt. General Sheikh Saif bin ...

Aubai / WAM The Sharjah Economic Development Department (SEDD) has launched an estimated fee calculating service for releasing new and old licenses as confirmation of its continuity in developing e-services and to support the rapid shift toward smart government by adopting the latest technologies for the services and facilitates provided to investors in Sharjah. The Department, through such smart applications, ...

Abu Dhabi / WAM Dr. Sultan bin Ahmed Sultan Al Jaber, Minister of State and Chairman of the Board of the National Media Council, has said that recent visits to India and China by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, show how fast global ...

Construction material, food & beverage, cables, metal structures, packaging, plastics and textiles were the focus sectors for Dubai Exports in 2015 as the agency sought to connect local exporters to buyers in strategic hubs and emerging markets across various forums overseas. Exporters from various sectors such as water & carbonated soft drinks, perfumes & cosmetics, multi food & consumer products, ...

Bloomberg Prime Minister David Cameron enters the final week of negotiations over Britain’s future in the European Union with a message for his continental counterparts: “Brexit” would hurt you too. The argument that the 28-nation bloc would be weaker without its second-biggest economy gives Cameron leverage as he closes in on a deal to reset the UK’s terms of membership ...

London / AFP British town halls and publicly funded universities face “severe penalties” if they institute boycotts of “unethical” companies or Israeli goods under controversial new rules to be outlined by the government this week. “Locally imposed boycotts can roll back integration as well as hinder Britain’s export trade and harm international relationship,” the Cabinet Office said in a statement ...

Bloomberg Russia’s state minerals store plans to greatly boost diamond sales amid a widening budget deficit, adding to concerns that supply is rising too fast in an industry still reeling from the biggest rout in seven years. The government depository known as Gokhran plans an auction on Feb. 29 to sell 16,799 carats and another on March 10 for as ...