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Crude records weekly decline as demand woes blunt tanker attacks

Bloomberg Oil posted a weekly decline as the escalating US-China trade war and swelling American stockpiles overshadowed tanker attacks in the Middle East. Futures settled up 0.4 percent in New York but still closed the week down 2.7 percent. London-traded contracts slid for a fourth straight week. The White House blamed Iran for tanker attacks near the Strait of Hormuz, ...

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UAE, EU discuss cooperation, ties

ABU DHABI / WAM Dr Amal Abdullah Al Qubaisi, Speaker of Federal National Council (FNC), received the Secretary-General of the European External Action Service (EEAS) Helga Maria Schmid, at the FNC headquarters. During the meeting, they discussed cooperation between the UAE and European Union (EU) in a number of areas in view of the existing partnership between the two sides ...

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Dubai’s non-oil sector growth advances in May

Dubai / Emirates Busines The rate of growth in total non-oil private sector business activity in Dubai accelerated for the fourth time in the first five months of 2019, according to Emirates NBD Dubai Economy Tracker Index. The composite indicator designed to give an overview of operating conditions in the non-oil private sector rose to a 52-month high of 58.5 ...

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