Bloomberg Oil rises after Saudi Arabia boosted the prices of its crude, signalling confidence in the demand outlook despite the spread of the omicron variant of the coronavirus. Futures in New York advanced 2.9% to trade near $68 a barrel. The kingdom increased its oil prices for customers in Asia and the US for January, just days after the Opec+ ...

Dubai / WAM The UAE accounted for 74 percent of GCC investments in Asean markets over the last five years, according to a new whitepaper released by Dubai Chamber ahead of the first-ever Global Business Forum (GBF) Asean in Dubai. Conducted by the Economist Intelligence Unit and commissioned by Dubai Chamber, the report, titled ‘Uncharted Territory: Deepening trade and investment ...

ABU DHABI / WAM The UAE has strongly condemned the Houthi terrorist militias’ attempts to target civilians and civil sites in Saudi Arabia’s southern region with explosive-laden drones, which were intercepted and destroyed by the Coalition Forces. In a statement released by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE said recurrent terrorist attacks by the Houthi ...