PARIS / Reuters OPEC wants oil inventories to decline further and is working to ensure a policy-setting meeting in May reaches consensus, the group’s secretary-general said on Thursday in comments pointing to an extension of a global supply cut. The Organization of the Petroleum Exporting Countries, Russia and other producers originally agreed to curb production by 1.8 million barrels ...

  DUBAI / WAM DP World has handled 16.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2017, with gross container volumes growing by 5.7% year-on-year on a reported basis, and 5.0% on a like-for-like basis, well ahead of the industry estimate of 2.6% throughput growth for Q1 2017. The first ...

  DUBAI / WAM The UAE continues its deep commitment and involvement in the Kimberley Process, KP, following its successful tenure as KP Chair in 2016. Set up as a joint initiative between the Ministry of Economy and DMCC, the aim of the UAE Kimberley Process Taskforce is to support and reinforce multilateral cooperation regarding the import, export, and transit ...