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Emirates’ first private rehabilitation centre

Sunaina Rana / Emirates Business Austria-based Wagner Health & Care, one of the world’s leading rehabilitation services provider, has joined hands with Dubai-based Canadian Specialist Hospital (CSH) to set up UAE’s first private rehabilitation centre in the Emirates. Emirates Business indulged in a free-wheeling talk with Ulrich Schwarzbauer, General Manager of Wagner Health & Care, on the close heels of ...

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US oil prices dive below $27 a barrel

Singapore/ AFP US crude tumbled below $27 a barrel in Asia Thursday as the oversaturated market struggled to cope with high inventories in the United States and an increased output from OPEC. The decline came despite the weekly US Department of Energy report showing USA oil stocks fell about 800,000 barrels for the week ending on February 5, with traders ...

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Oil Traders look to floating storage as onshore tanks fill

Bloomberg The world is so awash with crude, the boss of BP Plc said people will be filling their “swimming pools” with it by the end of the year. While the company’s Chief Executive Officer Bob Dudley bemoaned this bearish outlook for oil, traders were eyeing a potentially profitable opportunity: turning supertankers into temporary floating storage facilities. Trading houses including ...

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