Bloomberg Over the past four months, investor optimism that global crude prices will rise has slumped by almost half. Hedge funds’ net-bullish position on Brent crude, a measure of how positive money managers are that prices will gain, has plunged 49 percent since early April as trade wars cloud the picture for oil consumption. Despite a good week for the ...

Bloomberg President Donald Trump said the US may be on the verge of a “big Trade Agreement” with Mexico as the Nafta representative of that nation’s president-elect signalled that the thorny issue of rules for the energy industry seems to be resolved. Trump emphasised the collaboration with the current and incoming Mexican administrations. “Our relationship with Mexico is getting closer ...

SHARJAH / WAM Sharjah Airport received the first delegation of pilgrims returning to the United Arab Emirates after performing Hajj. They arrived on flights from Jeddah, Medina and Taif in Saudi Arabia. The airport expects a continuous flow of pilgrims from both scheduled and non-scheduled flights to Sharjah during this period. Sharjah Airport Authority (SAA) has taken all possible measures ...