Bloomberg Oil posted a monthly gain of 11% on signs that consumption is outpacing supply and draining stockpiles. Futures in New York rise 0.9%. Oil’s advance this month shows the impact of an ongoing shortage of natural gas, which has boosted demand for oil products. At the same time, rising margins signal that crude consumption will remain strong as refiners ...

ABU DHABI / WAM The presidents and chief executives of the Lebanese Business Councils (LBCs) in the Gulf Cooperation Council (GCC) have strongly condemned the statements made by the Lebanese Information Minister against the Saudi-led Coalition to Support the legitimacy in Yemen. In a joint statement issued on Saturday, they affirmed their rejection of turning Lebanon into a platform for ...

ABU DHABI / WAM About 240,000 annual two-way tourist traffic between Switzerland and the UAE, the presence of the region’s largest Swiss expatriate community in the Emirates, and robust bilateral business and investment ties make the UAE “an important partner for Switzerland in the Middle East,” the Swiss President told Emirates News Agency (WAM). “With almost 3000 people, the UAE ...