Dubai / Emirates Business Methods of payment are changing for customers in the UAE, with many now switching from cash to digital. In the first half of 2016, the number of du customers paying bills online through the telco’s faster Quick Pay service shot up nearly 50%, compared to the same period last year. Quick Pay is the latest …

  Bloomberg A pile up of tankers waiting in the North Sea suggests a glut is building again in the market where benchmark crude is traded, highlighting the task facing OPEC as it seeks to rein in a global glut. At least 10 tankers are at or near two locations off the U.K. coast where they must wait to transfer …

  Bloomberg OPEC could cut production at its late November meeting in Vienna by another one percent more than the amount agreed in Algiers last month, if producers reckon it is needed, Algeria’s Energy Minister Nouredine Bouterfa has told local Ennahar TV. He also told Ennahar that OPEC and non-OPEC members would hold an informal meeting in Istanbul Oct. 8-13 …