Paris / AFP A huge overhang in oil stocks lingering across the world will keep a cap on any further oil price rises, the IEA said on Tuesday, even as supply and demand move towards balance by the end of the year. Global demand for oil is steadily rising thanks to solid economic growth, and supply has been curbed by …

  Bloomberg Abu Dhabi’s sovereign wealth fund, embroiled in a debt payment dispute with 1Malaysia Development Bhd., is seeking $6.5 billion from the troubled Malaysian state investment company as it moves the spat into arbitration. 1MDB and its sole shareholder —Malaysia’s Ministry of Finance—haven’t perform their obligations toward International Petroleum Investment Co. PJSC, the Abu Dhabi fund said in a …

  Dubai / WAM The Roads and Transport Authority (RTA) signed a Memorandum of Understanding (MoU) with the Dubai Culture and Arts Authority, (Dubai Culture) calling for enhanced cooperation and partnership between the two entities in designing and constructing the Etihad Museum Project along with the new Pole for a flag hoisting 123 meters above the ground. Abdul Rahman bin Mohammed …