Bloomberg Oil started 2019 with another price slide as weaker Chinese manufacturing data pointed to slowing demand in the world’s second-biggest consumer of the fuel and to growing risks of a global crude surplus. Futures declined 1.6 percent in New York after a turbulent 2018 that saw volatility soar in its final weeks as concerns over the US-China trade dispute ...

ABU DHABI / WAM The Federal Customs Authority has announced that the total value of customs duties transferred by the UAE to the GCC countries amounted to about AED1 billion in 2018, as well as transfers from the GCC to local customs administrations. The transfers were through the implementation of 168,726 transactions in the automated transfer customs duty (ATCD) system, ...

DUBAI / WAM Dubai Municipality said that it won the first prize in the eighth edition of the Climate Change Awards 2018 for the results of the study on the use of nanotechnology in paints under prevailing climatic conditions and their impact on reducing the carbon footprint. The award comes as an embodiment of the municipality’s commitment to its strategic ...