Bloomberg Oil surged the most ever after a strike that wiped out about half of Saudi Arabia’s output capacity heightened concern about more destabilisation in the world’s most important crude-producing region. In an extraordinary start to trading on Monday, London’s Brent futures leaped almost $12 in the seconds after the open, the most in dollar terms since their launch in …

Bloomberg Despite European efforts to avoid an escalation in trade tensions with the US, a tit-for-tat tariff battle over illegal aircraft subsidies is in the offing, according to the European Union’s chief trade negotiator. “Our view is that we have enough tariffs in the world as it is, so imposing tariffs on each other, which strictly speaking we are allowed …

ABU DHABI / WAM The gross output of the water, wastewater and electricity sector grew 2.7 percent in 2018 to AED55.8 billion as compared to AED54.3 billion in the preceding year, according to the figures of the Federal Competitiveness and Statistics Authority. The growth is driven by the continuing population growth, with the government continuing to fine efficient alternatives through …