Abu Dhabi / Emirates Business The Fikra Labs Acceleration Programme, a new concept to drive innovation and foster entrepreneurship in the Abu Dhabi travel and tourism sector, concluded its four-week acceleration programme with the announcement of the four winning MENA start-ups. The winning start-ups that were awarded the coveted investment opportunity included Tapklik Technologies mentored by DCT Abu Dhabi, ViaFone ...

Bloomberg Rosneft PJSC plans to start a $2 billion share buyback this year, while also cutting spending and debt. The state-run producer, which pumps more than 40 percent of Russia’s crude, has already signalled a shift towards more efficient “organic” growth, ending years of deal-driven expansion that made it the country’s most indebted company. The latest announcement could boost Rosneft’s ...

Bloomberg OPEC continues to over-deliver on its production cuts, with output falling further last month as the group nears its goal of rebalancing the oil market. The cartel pumped 31.93 million barrels a day, down from a revised 31.97 million in March, a Bloomberg News survey of analysts, oil companies and ship-tracking data found. OPEC and a group of non-OPEC ...