Bloomberg Oil declined amid expectations of an upcoming supply increase from Opec+ producers at a time when the delta variant is spreading worldwide and threatening a demand rebound. Futures in New York fell as much as 1.5% on Monday. The Organization of Petroleum Exporting Countries (Opec) and its allies will meet on Thursday, when they may decide to boost output ...

ABU DHABI / WAM The UAE’s entrepot trade amounted to AED 467.5 billion in 2020 despite the ongoing economic slowdown in direct result of the Covid-19 pandemic, according to the Federal Competitiveness and Statistics Centre (FCSC). The re-export market accounts for 46.5 percent of the total re-exports and exports of commodities and services in 2020, which are valued at AED1.003 ...

SHARJAH / WAM The Arab Union for International Exhibitions and Conferences (AUIEC), which operates under the umbrella of the Council of Arab Economic Unity of the Arab League, has announced its intention to launch the first-ever application for exhibitions in the Arab world. The application will enable announcing the agendas of exhibitions and events, to be organised in the AUIEC ...