Bloomberg Oil falls the most in 5 weeks as Federal Reserve Chair Jerome Powell reiterated his will to curb the hottest inflation in decades with more aggressive rate hikes. West Texas Intermediate dropped to near $110, shedding as much as 6.3%. Federal Reserve Chair Jerome Powell this week openly endorsed for the first time raising interest rates well into restrictive ...

  ABU DHABI / WAM The Ministry of Defence on Friday announced the launch of ‘Iron Defender 22’, an annual bilateral training event between the UAE naval forces and the US Naval Forces Central Command. Set to run until June 23, the joint exercise is aimed at exchanging military experiences to boost efficiency and combat readiness in carrying out operations, ...

  Abu Dhabi / WAM The UAE’s continued efforts to improve gender diversity in the boardroom have led to more women holding board positions this year (8.9 percent), up from 3.5 percent in 2020, according to research undertaken by Aurora50, a social enterprise working towards gender parity in GCC boardrooms, and Mohammed Bin Rashid School of Government. In a first-of-its-kind ...