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  Bloomberg The global oil market will be almost balanced next year as demand continues to rise faster than production, while the current oversupply is much smaller than previously thought, the International Energy Agency said. The surplus in the first half of this year is about 40 percent smaller than estimated a month ago, as consumption proves stronger than expected ...

  Dubai / Emirates Business The 15th edition of Cityscape Global is expected to attract a new wave of real estate investors from across the region, following the success of recent exhibitions in Turkey, Egypt, Abu Dhabi and Qatar. So far in 2016, the Cityscape portfolio of events has gathered more than 46,000 participants, and feedback from key stakeholders including ...

  ALKESH SHARMA / Emirates Business In the journey towards sustainable and greener society, every single step counts. Especially in a country like UAE that is clearly on a spree to have more number of its constructions under the coveted umbrella of ‘green buildings’ and is continuously making efforts to achieve at least 10 percent use of renewable energy in ...

  Dubai / Emirates Business The Emirates Nuclear Energy Corporation (ENEC) has announced contracts with UAE- based companies totaling more than US$ 3 billion (AED 11 billion) for the construction of the country’s first nuclear energy plant. More than 1,400 UAE-based companies have now been contracted for the delivery of products and services for the Barakah plant, currently under construction ...

  Geneva / AFP   The UN’s human rights chief voiced alarm on Monday at the increasing detention of migrants in Europe, including unaccompanied children, amid widespread anti-migrant rhetoric across the continent. As Europe faces its biggest migration crisis since the aftermath of World War II, UN rights chief Zeid Ra’ad Al Hussein said he had sent staff members to assess ...

  Dubai / Emirates Business Emirates NBD, one of the leading banking groups in the region, was awarded ‘Best Mobile Banking Experience’ for its superior mobile app, reinforcing Emirates NBD’s strides in the digitisation of banking, at the recently held Smart Cards & Payments Middle East Awards 2016. The bank’s mobile app was recognised for its widely used services including ...

  Bloomberg Batteries capable of storing power at utility scale will be as widespread in 12 years as rooftop solar panels are now, revolutionizing the way consumers use energy. That’s the the conclusion of Bloomberg New Energy Finance, which forecasts the battery market may be valued at $250 billion or more by 2040. It expects 25 gigawatts of the devices ...

  Bloomberg The FBI let the Orlando mass-shooting suspect slip through its grasp despite interviewing him twice since 2013 due to a lack of evidence to hold him, a troubling fact that will pressure officials struggling to detect lone terrorists without eroding basic civil liberties. The FBI is investigating Sunday’s killing spree at a nightclub in Orlando, Florida, as an ...

  Bloomberg Prime Minister David Cameron turned to his traditional rivals in the opposition Labour Party to win over undecided voters with just 10 days to stop Britain from voting to leave the European Union. Gordon Brown, who was ousted by Cameron in 2010, was to make the case to stay in the 28-nation bloc, and other media interventions have ...

  Beijing / Bloomberg German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang sought to limit conflict over trade during talks overshadowed by angst in Germany about a Chinese company’s 4.6 billion-euro ($5.2 billion) bid for robot maker Kuka AG. “We don’t want a trade war,” Li told reporters in Beijing on Monday after the two leaders presided over ...