Bloomberg Oil surged to multiyear highs, spurred by an energy-supply crunch as winter approaches. Global benchmark Brent futures earlier rose above $86 a barrel, reaching the highest intraday level since 2018, as Russia opted to keep a lid on gas flows to Europe. West Texas Intermediate crude neared a seven-year high. A shortage of natural gas is creating extra demand ...

DUBAI / WAM The governments of the UAE and the United Kingdom (UK) have agreed on a new action plan to strengthen their economic ties across a wide range of vital and future sectors, including clean energy, research and development, innovation, infrastructure, tourism, food security, new technologies, AI, space and the Fourth Industrial Revolution. The two sides also agreed on ...

ABU DHABI / WAM The UAE’s ministers of economy, education and community development stressed that the UAE’s new five-year federal budget underscores its approach and the vision of the UAE’s leadership aimed at driving development and achieving prosperity and wellbeing. The UAE’s budget will help usher in an era of further achievements, excellence and influence to achieve its UAE Centennial ...