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Oil closes week lower amid global slowdown worries

  Bloomberg Oil falls for the week as lingering concerns over a global economic slowdown overshadowed signs of improving US demand. West Texas Intermediate futures edged higher in a choppy session but not enough to erase steep losses earlier in the week. Traders reported some pre-weekend liquidation with uncertainty around Iran’s supplies as the European Union (EU) and the US ...

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UAE ambassador to Iran to resume duties within days

  Abu Dhabi / WAM In line with UAE efforts to strengthen relations with the Islamic Republic of Iran, and as part of a previous decision to increase diplomatic representation to the rank of ambassador, and the recent phone call in this regard, held in July 26, between HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and ...

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UAE investments in Egypt rise by 169% in 6 months

  Abu Dhabi / WAM The data of the Egyptian Central Agency for Public Mobilisation and Statistics (Capmas) revealed that value of Emirati investments in Egypt increased to AED6.98 billion during the first half of the 2021-2022 fiscal year, compared to AED2.617 billion during the same period of the fiscal year 2020-2021, an increase of 169.1 percent. In a statement ...

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