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Oil surges as drone attack on Saudi field stokes export fears

Bloomberg Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardise crude exports. Futures in New York advanced 0.6 percent to trade near $55 a barrel. Yemeni rebels attacked oil and gas facilities at the Shaybah field in the southeast part of the ...

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DFM achieves 96% compliance in listed firms’ disclosure

Dubai / WAM Dubai Financial Market (DFM) on Monday announced that its listed companies have record-ed a 96 percent compliance regarding the disclosure of Q2- 2019 results within the deadline of 45 days from the end of the period. The total number of UAE public and private joint-stock companies as well as the dually- listed companies on Dubai Financial Market, ...

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Trade-war uncertainty could cost world economy $585bn

Bloomberg US President Donald Trump’s tariffs on Chinese imports are getting a lot of blame for slowing the global economy, but it’s his Twitter habit that could be even more harmful. According to a report by Bloomberg Economics’ Dan Hanson, Jamie Rush and Tom Orlik, uncertainty over trade could lower world gross domestic product by 0.6 percent in 2021, relative ...

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