Bloomberg Oil headed for the biggest weekly loss in almost two years after the Biden administration ordered an unprecedented release of the US strategic reserves to tame rampant prices. West Texas Intermediate futures swung between gains and losses Friday, and were down about 13% this week, the most since April 2020. The US plans to release 1 million barrels a ...

  DUBAI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has sent congratulatory messages to the Kings, Emirs and Presidents of Arab and Islamic nations, on the advent of the Holy Month of Ramadan. His Highness Sheikh Khalifa wished the leaders and their peoples continued good health and well-being, and further progress and prosperity for Arab and ...

  DUBAI / WAM A total 2,135 real estate transactions worth AED8.2 billion in total were conducted during the week ending April 1, according to figures released by the Dubai Land Department. A total of 247 plots were sold for AED1.45 billion, and 1,423 apartments and villas were sold for AED3.09 billion. The top three transactions were a land in ...