Dubai / WAM The United Arab Emirates dispatched more aid to Lebanon to help emergency relief efforts in Beirut. The move follows the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Dubai’s International Humanitarian City airlifted aid material worth $1.4 million on an Emirates SkyCargo plane. ...

Bloomberg Oil climbed to near a five-month high after an industry report pointed to a third straight weekly drop in American crude stockpiles. Futures in New York rose past $42 a barrel after losing 0.8% Tuesday. The American Petroleum Institute reported inventories fell by 4.01 million barrels last week. The improving picture in the US overshadowed lingering concerns about the ...

Dubai / WAM Emaar Properties has revealed H1 revenues of AED9 billion and over AED2 billion in net profit, according to a statement by the real estate Dubai-based giant on Wednesday. Mohamed Alabbar, Founder of Emaar, said: “Our performance in the first half of 2020 has demonstrated our fundamental ability to retain strength and act with agility and speed in ...