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Oil posts weekly loss with market facing patchy demand rebound

Bloomberg Oil falls this week with spreading coronavirus cases in countries such as India tempering optimism around positive signs out of the US and Europe. Futures in New York rise the most in over a week, but were unable to reverse a 1.6% weekly loss as the market weighed a global economic reopening that’s coming in fits and starts. The ...

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Project with 60 % completion to get power connection: Sewa

Sharjah / WAM The Sharjah Electricity, Water and Gas Authority (Sewa) announced the reduction of the completion rate required to submit the approval files for the electrical executive plans for the new buildings (shop drawing) to 60 percent instead of 75 percent. Electricity contractors can now submit the approval files for the operational plans according to the new percentage while ...

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Marine transport network in Dubai to see 188% rise

Dubai / WAM Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) revealed that RTA’s marine transport network would expand by 188 percent to span 158 kilometer, and the number of scheduled passenger lines would see a 400 percent upswing to 35 lines under a master plan running up to ...

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