Bloomberg The International Energy Agency (IEA) made a direct appeal to OPEC and other major oil producers to boost output, warning that high prices are inflicting damage on the global economy. “We should all see the risky situation, the oil markets are entering the red zone,” IEA Executive Director Fatih Birol said. “Expensive energy is back at a bad time, …

Bloomberg The International Monetary Fund (IMF) said the world economy is plateauing as the lender cut its growth forecast for the first time in more than two years, blaming escalating trade tensions and stresses in emerging markets. On the eve of its annual meetings in Bali, Indonesia, the fund on Tuesday projected a global expansion of 3.7 percent this year …

LISBON / WAM An official trade mission from the Sharjah Chamber of Commerce and Industry (SCCI) showcased investment opportunities, as well as various opportunities available in the emirate’s economic sectors in Lisbon, Portugal. The Sharjah trade delegation, headed by Abdallah Sultan Al Owais, SCCI Chairman, aimed to enhance economic cooperation and mutual investment between Sharjah and Portugal, under the framework …