ABU DHABI / WAM The Abu Dhabi Executive Committee has approved a proposal to reduce tourism fees from 6 percent to 3.5 percent and municipality fees from 4 percent to 2 percent. This came during a meeting of the Committee, which was presided over by Jassim Mohammed Buatabh Al Zaabi, Chairman of the Committee. The Committee also sanctioned a proposal ...

Bloomberg Russia plans to propose that OPEC and its allies be allowed to return production to October 2016 levels, rolling back most but not all of their output cuts within three months, according to a person familiar with Moscow’s thinking. All the nations would proportionally share out a 1.8 million barrel-a-day increase to their output limit starting as soon as ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of the Dubai Electricity and Water Authority (Dewa), welcomed Low Pit Chen, Consul-General of Singapore in Dubai and the Northern Emirates. This is one of a series of visits by diplomatic and consular officials to Dewa to explore relations, exchange expertise and promote cooperation in power and water. Al Tayer ...