Bloomberg Oil posted its worst May performance in seven years as global trade tensions escalat-ed, undermining the outlook for energy demand growth. Futures tumbled 5.5 percent in New York to a depth not seen in more than three months. Equities also plunged as investors deserted risky asset classes for the safety of gold and US Treasuries. President Donald Trump’s threat ...

Bloomberg Leaders of Islamic nations condemned attacks on Saudi Arabian oil facilities and ships off the coast of the UAE that have been blamed on Iran and its Yemeni Houthi allies, saying the international community should preserve the region’s stability. The Organization of Islamic Cooperation held a summit in Mecca a day after back-to-back emergency meetings of Gulf and Arab ...

Dubai / WAM The latest statistics from Dubai Customs revealed the value of the emirate’s external trade in Ramadan foodstuff during the first quarter of 2019. The trade during the period amounted to as much as AED8.3 billion. The foodstuffs traded weighed a total of 1.5 million tonnes. The products included, meats, sugar, vegetables, flour, rice, nuts, bottled water, juice ...