FUJAIRAH / WAM Stockpiles of oil products at the Fujairah port in the UAE increased for the first time in six weeks, against a backdrop of strong summer demand from utilities in the region and for jet fuel from Europe, data by the Fujairah Oil Industry Zone showed. Total stockpiles rose 4.2 percent over the past week to 19.36 million ...

Bloomberg Oil jumped to the highest in a week as an industry report showing a continued draw-down in US crude inventories tightened a supply outlook that’s being threatened by rising tension in the Middle East. Futures in New York rose as much as 2.7 percent on Wednesday, as Federal Reserve Chairman Jerome Powell signaled that policy makers may cut interest ...

DUBAI / WAM Dubai Business Events (DBE), the city’s official convention bureau, has recorded exceptional results during the first half of 2019, securing 118 successful bid wins for events to be hosted in Dubai over the coming years. These events won in H1 2019, including conferences, meetings, and incentives, are set to attract 75,288 delegates from around the globe to ...