Bloomberg Oil retreated on renewed concerns over demand as some of the world’s biggest traders warned that a recovery is still some way off as the pandemic continues to cast a shadow over the market. US benchmark crude futures fall as much as 2.2%. Global confirmed deaths from the coronavirus — which has eviscerated energy demand — topped 1 million. ...

DUBAI / WAM Dubai Financial Market (DFM) on Tuesday announced that it has reached the final stages of preparations to launch an equity derivatives platform (DFM Derivatives Platform), in cooperation with Dubai Clear and Nasdaq Dubai as well as leading brokerage firms, enabling investors to diversify and hedge their portfolios and access leverage. The platform will be launched in October, ...

Abu Dhabi / WAM Strata Manufacturing, the advanced composite aero structures manufacturing company, has leveraged Fourth Industrial Revolution (4IR) technology to strengthen core manufacturing capabilities, diversify product portfolio and pivot into new areas of manufacturing. Speaking at this year’s Global Aerospace Summit, Ismail Ali Abdulla, CEO of Strata, highlighted how the Al Ain-based company is embracing digital transformation through investments ...