DUBAI / WAM Dubai-based Emerging Markets Property Group (EMPG) and OLX Group, owners of home grown technology firms Bayut and Dubizzle, have announced the merger of their Mena and South Asia operations to form an AED3.6 billion ($1 billion) Dubai-based unicorn company. The merger is the latest in a series of entrepreneurial successes that reinforce Dubai’s reputation as a global ...

Bloomberg Oil rose past $36 a barrel as investors eyed a potential extension of record production curbs by Opec+ while physical markets showed renewed signs of tightness. Futures in New York rose around 2.7%. Russia and several producers in the Organisation of Petroleum Exporting Countries and its allies are said to favour an extension of one month to existing cuts, ...

GENEVA / WAM The International Air Transport Association (IATA) urged governments to quickly implement the International Civil Aviation Organisation’s (ICAO) global guidelines for restoring air connectivity. Today, the ICAO Council approved ‘Takeoff: Guidance for Air Travel through the Covid-19 Public Health Crisis,’ an authoritative and comprehensive framework of risk-based temporary measures for air transport operations during Covid-19 crisis, the IATA ...