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Oil drops for first week in two months with rally losing steam

Bloomberg Oil in London falls for the first week in two months as signals of a patchy demand rebound across the globe and a stronger dollar held back crude’s rally. Global benchmark Brent futures fall 0.6%. West Texas Intermediate also edged lower, posting its first weekly decline in three weeks. A fresh bout of bond volatility spurred a risk-off mood ...

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UAE ministry explores boosting defense sector

Abu Dhabi / WAM The UAE’s Ministry of Industry and Advanced Technology (MoIAT) hosted the fifth session of its ‘Future of Industry Dialogue’ series. Convening relevant local entities operating in the defense sector, the virtual meeting falls within the framework of the Ministry’s continued efforts to boost the UAE’s industrial sector and enhance the competitiveness of local products. The meeting ...

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Dubai to roll out new Covid-19 breath test

DUBAI / WAM Mohammed Bin Rashid University of Medicine and Health Sciences (MBRU), Dubai Health Authority (DHA) and Breathonix Pte Ltd are currently carrying out a joint clinical trial to assess the accuracy of an easy-to-use breath test to detect coronavirus (Covid-19) pandemic within one minute. The trials are being conducted at DHA’s Nadd Al Hamar primary health care centre ...

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