Bloomberg Oil extended gains amid signs of a recovery in demand in parts of the western world, and after Opec+ provided an upbeat assessment of the market’s outlook. Futures in New York rise 0.8% after closing at the highest since October 2018. Brent also climbed after settling above $70 a barrel. US gasoline demand was the highest since the pandemic ...

ABU DHABI / WAM As of June 15, the Ministry of Human Resources and Emiratisation (MoHRE) will begin implementing the ban on works performed under the sun and in open places from 12:30 pm to 3:00 pm until September 15. Under the decision, daily working hours, for morning, evening or both shifts, are not to exceed eight hours. If a ...

Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), has announced an increase of around 10 percent in energy demand growth and 10 percent rise in the peak load of electricity in Dubai until the end of May compared to the same period in 2020. Demand for energy increased in the first ...