Dubai / WAM Dubai’s Roads and Transport Authority (RTA) unveiled an initiative for exempting electric vehicles licenced in Dubai from public parking fees for two years. The step supports Dubai’s Green Mobility Strategy by encouraging the use of this type of vehicles. “This initiative complements a previous initiative launched in 2018 designating parking slots in various parts of Dubai to ...

Bloomberg Devon Energy Corp agreed to acquire WPX Energy Inc in a $2.56 billion all-stock deal, creating one of the largest independent US shale producers and answering investor calls for consolidation at a time of crisis for the sector. Devon shareholders will own about 57 percent of the combined company, Devon and WPX said on Monday in a statement. The ...

Strong states grow stronger by putting limits on their own power; weak states become weaker by descending into arbitrariness. India has to choose which it wants to be. That’s the message being given to New Delhi by an international arbitration tribunal in The Hague. The panel threw out the Indian government’s $3 billion tax demand against Vodafone Group Plc, finding ...