Abu Dhabi / WAM The United States and the UAE have had an exceptionally close economic relationship for many years, said Shakir Y. Farsakh, Principal Commercial Officer at the US Consulate General Dubai. In an interview with Emirates News Agency (WAM), the US Commercial Attaché added, “Investment naturally follows trade and the United States and the UAE exchanged $24 billion in ...

Bloomberg French energy utility Engie SA faces a 120 million-euro ($139 million) tax bill after the European Union said it benefited from an unfair fiscal arrangement with Luxembourg. Concluding a state-aid probe into the tax affairs of Engie, the European Commission on Wednesday said Luxembourg selectively deviated from provisions of national law to help lower the tax bill for France’s ...

Bloomberg The biggest US shale region will have to shut wells within four months because there aren’t enough pipelines to get the oil to customers, the head of one of the industry’s largest producers said. The worsening bottleneck in the Permian region that straddles west Texas and New Mexico offers an unexpected fillip to OPEC and other oil producers outside ...