Bloomberg Pessimism is back in vogue in the oil markets, as investors bet sputtering trade talks and swelling US output can kill crude’s rally. Hedge funds lifted bearish bets on West Texas Intermediate crude by 39%, the biggest short-selling surge in more than eight months. Meanwhile, bets on a rally retreated for the second straight week. Crude futures slipped to ...

BEIRUT / WAM UAE Ambassador to Lebanon Hamad Saeed Sultan Al Shamsi has commissioned a number of facilities at the Vocational Centre of Beirut after they have been revamped by the Emirates Red Crescent. The facilities include heating, ventilating and air conditioning units as well as a computer lab. They fall within the ‘Year of Tolerance’ initiatives implemented by the ...

Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (Adnec) on Saturday announced that it has signed a strategic partnership with Etihad Airways appointing Hala Abu Dhabi, the Destination and Leisure Management division of Etihad Airways, the national airline of the UAE, as the official travel and destination management partner of its key events. Under the strategic partnership, Hala ...