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Dubai Chamber promotes emirate at Ukraine summit

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry participated in the 4th National Export Forum in Kiev where the organisation showcased Dubai’s economic prospects and competitive advantages as a strategic trade hub. Representatives from the chamber’s Azerbaijan office delivered a presentation highlighting Dub-ai’s global appeal and strengths including its ideal geographic location between East and West, world-class ...

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Abu Dhabi to cut tourism fees

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 ...

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Russia seeks rollback of most of OPEC cuts

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 ...

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