Dubai / WAM More than 1,000 researchers, business leaders and public sector officials from 76 countries are attending the “Academy of International Business” Conference commenced on Sunday in Dubai. Themed “The contribution of MNEs to building sustainable societies”, the conference is being held under the patronage of The Mohammed bin Rashid School of Government (MBRSG), a research and teaching institution …

Bloomberg The chorus in the oil market calling for deeper production cuts gets louder almost every day. By resisting the clamor, OPEC is breaking with its own history. As crude sank below $50 a barrel — less than half the price of two years ago — market-watchers from Goldman Sachs Group Inc. to former OPEC officials said supply curbs imposed …

Bloomberg Shale explorers reduced the number of rigs drilling for oil in the US this week, snapping a record expansion in a sign the boom may be waning as prices linger near $45 a barrel. Working rigs targeting crude fell by 2, bringing the total to 756, according to Baker Hughes Inc. data reported. The reduction ended 23 straight weeks …