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IEA, Opec slash global oil demand growth forecast

Bloomberg Global oil demand growth is slowing. That is the view of all three major oil forecasting organisations, who have cut their assessments for what they expect in terms of an increase in crude consumption this year. The latest outlooks from the International Energy Agency, the US Energy Information Administration and the Organisation of Petroleum Exporting Countries (Opec) all show ...

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Microsoft launches cloud services in UAE

DUBAI / WAM Hamad Obaid Al Mansoori, TRA Director-General, said that the launch of Microsoft cloud services in the UAE confirms the country’s leading role in the ICT sector and as one of the world’s leading hubs of digital transformation in all sectors. In a statement, on the launch of Microsoft cloud services in UAE, Al Mansoori said that the ...

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Landmark group, HSBC seal dual-platform blockchain deal

Dubai / Emirates Business Landmark Group and HSBC have completed a first-of-its-kind transaction that connected two independently- built blockchain platforms, proving their interoperability and showing how collaborative technologies can further accelerate international trade in the future. It also marks a major step forward in the Middle East’s retail industry adopting blockchain. The transaction involved a shipment from Bee Dee Industries ...

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