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Oil caps longest losing streak since 2019 on Fed taper signal

Bloomberg Oil capped the week with the longest losing streak since 2019 as the dollar strengthened after the Federal Reserve signaled it will start tapering stimulus and the virus resurgence raises doubts about demand growth. West Texas Intermediate futures ended the session 2.2% lower, tumbling for a seventh day and extending the week’s decline to 8.9%. Other raw materials including ...

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HCHF concerned over crisis in Afghanistan

ABU DHABI / WAM The Higher Committee of Human Fraternity (HCHF) is following the situation in Afghanistan with great concern and hoping that the key actors there will advance the aspirations of the Afghan people to live dignified and peaceful lives. The HCHF called for protecting human rights, guaranteeing public and individual freedoms, and, in particular, safeguarding the rights of ...

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UAE, Estonia growing industrial, trade ties

DUBAI / WAM The Federation of UAE Chambers of Commerce & Industry (FCCI) has reviewed the prospects of consolidating ties with the Republic of Estonia on the basis of promoting common interests. This came as Abdullah Mohammed Al Mazrouei, Chairman of both the Federation of UAE Chambers of Commerce & Industry and Abu Dhabi Chamber of Commerce and Industry, received ...

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