Dubai / Emirates Business Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, announced its participation in this year’s UAE Innovation Week. The organization’s participation is marked with a number of thought-provoking and innovative showcases taking place at Boulevard at Emirates Towers and Mall of the Emirates from November 20-26 and November 21-26 respectively, under the theme ...

BLLOMBERG Iranian Oil Minister Bijan Namdar Zanganeh said he’s optimistic that OPEC members will agree to proposed production cuts at a meeting in Vienna later this month. Zanganeh met the group’s secretary-general, Mohammed Barkindo, in Tehran on Saturday to discuss an accord that seeks to reduce output by as much as 1.3 million barrels a day. He described as “promising” ...

  LONDON/BAGHDAD / Reuters Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents seen by Reuters, further reducing the prospect it will join any OPEC deal to curb the group’s output. The compensation – stipulated in contracts – would compound the financial hit of losing much-needed revenue from crude ...