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Oil gains as US stockpiles drop, China plans tax cuts

Bloomberg Oil rose amid estimates of another decline in US crude inventories and signs that China is stepping up efforts to combat an economic slowdown. Futures in New York climbed as much as 3 percent after sinking during the past two sessions. American stockpiles probably fell for the sixth time in seven weeks, according to a Bloomberg survey of analysts ...

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UAE, India to boost ties in infrastructure sector

Dubai / WAM The Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) Mattar Al Tayer, met with India’s Consul-General in Dubai Vipul, and explored means of boosting cooperation and exchanging expertise between RTA and Indian entities operating in the field of railways, roads and transport. During the meeting, the two parties also ...

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Masdar, Taaleri sign pact to launch renewable energy joint venture

Abu Dhabi / WAM Masdar, the Abu Dhabi Future Energy Company, and Taaleri Energia, a Finnish wind and solar developer and fund manager, have announced the signing of an agreement for the establishment of a joint venture with the aim of developing renewable energy projects in Central and Eastern Europe. The joint venture aims to build upon the success of ...

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