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Oil buckles under pressure from India’s Covid-19 resurgence

Bloomberg Oil falls as India’s worsening Covid-19 crisis weighed on the near-term outlook for demand ahead of a key Opec+ meeting later this week. Futures in New York slid 1.7% towards $61 a barrel. Signs of strain on India’s refiners are starting to emerge. Mangalore Refinery & Petrochemicals Ltd. has cut processing rates, while Indian Oil Corp has so far ...

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HFZA remains first choice for foreign investments

Sharjah / WAM The Hamriyah Free Zone (HFZA)-based Awail Al-Sham, owner of the Al Awail brand for prayer times clock and other innovative e-products, has announced that its products have become available in 100 markets worldwide, as opposed to 50 markets in 2013, the year in which the company has opted for the HFZA as its new headquarters, achieving a ...

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Etihad partners with Esports team Nigma

Abu Dhabi / WAM Etihad Airways on Monday announced a partnership with World Champion Esports team “Nigma”, the organisation founded by The International 7 champions. Nigma will be the first esports team ever to be sponsored by a major airline and the Abu Dhabi based Etihad Airways will make sure the team and its support staff will arrive, relaxed, refreshed ...

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