ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, on Monday met with Christopher Pyne, Australian Minister for Defence. During the meeting, Al Bowardi hailed the distinguished relations between the UAE and Australia which are witnessing progress in all sectors. The two sides also discussed a number of issues of mutual interest and ways …

Bloomberg Etihad Airways PJSC has agreed to lead a rescue of cash-strapped Jet Airways India Ltd in a move that will see the Abu Dhabi-based carrier double its stake to 49 percent, according to television reports. Etihad is in talks to lift its holding from the current 24 percent, India’s BTVI channel reported, citing unidentified people familiar with matter. CNBC-TV18 …

Bloomberg Output cuts in oil-rich Alberta and Saudi Arabia are combining to leave heavy-crude refiners from the Gulf of Mexico to Asia in a bind. While curtailments in the Canadian province have propelled local prices to their strongest level in almost a decade, other grades like Arab Heavy and Heavy Louisiana Sweet are also surging. The Saudis are expected to …