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1,726 Emiratis get their new homes in Dubai, Rak, Ajman

ABU DHABI / WAM The Ministry of Energy and Infrastructure, through the Sheikh Zayed Housing Programme, announced the delivery of newly constructed homes to 1,726 UAE nationals across Dubai, Ras Al Khaimah and Ajman. Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the programme will continue offering eligible Emirati citizens keys to their new homes, as ...

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Saudi Aramco earnings rise on oil output, prices

Bloomberg Saudi Aramco’s earnings soared as oil prices and production climbed, allowing the world’s biggest crude producer to cover its quarterly dividend of $18.75 billion with free cash flow. Third-quarter profit rises to 114.1 billion riyals ($30.4 billion) from 44.2 billion riyals year ago, beating a company-compiled estimate of $29.1 billion. Free cash flow was $28.7 billion. Aramco has benefited ...

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US, EU eye global coalition to fix steel, aluminum markets

Bloomberg The US and the European Union (EU) clinched a tariff-busting trade accord over the weekend that they’ll try to leverage into a broader global arrangement that would penalise countries that don’t meet low-carbon targets for steel and aluminum exports. President Joe Biden and European Commission President Ursula von der Leyen hailed the agreement on Sunday in Rome on the ...

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