Bloomberg Oil declined for the fifth straight week as the spreading coronavirus clouded the demand outlook and Opec awaited Russia’s decision on whether to cut production. Futures in New York fell 2.4% for the week, posting the longest weekly losing streak since 2018. Chinese refiners are processing 15% less crude than before the outbreak as the infection crimps demand. Meanwhile, …

ADDIS ABABA / WAM Sanad Aerotech (Sanad), the leading provider of aircraft engine maintenance, repair and overhaul (MRO), solutions and part of Sanad – a wholly owned subsidiary of Mubadala Investment Company, elevated its business expansion ambitions in Africa by signing a landmark agreement with Ethiopian Airlines, the continent’s fastest growing airline and one of the reputed aviation brands in the …

AMMAN / WAM The Palestinian cause is still an issue that is central to the UAE’s foreign policy, said Saqr Ghobash, Speaker of the Federal National Council (FNC). Ghobash made the remarks while addressing the 30th extraordinary meeting of the Arab Inter-Parliamentary Union (APU), in the Jordanian capital Amman on Saturday to discuss means of supporting the Palestinian brethren in …