Bloomberg Oil extended gains after closing at the highest level in more than a year as declines in US and Chinese crude stockpiles added impetus to a rally driven by tightening global supplies. Futures in New York climbed to trade above $55 a barrel. The American Petroleum Institute reported crude inventories fell by 4.3 million barrels last week, people familiar ...

ABU DHABI / WAM UAE’s automotive trade, including cars, tractors and other vehicles, amounted to around AED68.8 billion from January through September 2020, figures by the Federal Competitiveness and Statistics Centre (FCSC) have shown. One of the largest automotive markets (including cars, parts and accessories, trailers and semi-trailers, trucks, public transport vehicles, tractors, other) in the GCC, UAE has over ...

DUBAI / WAM Dubai trade with Indonesia stood at AED5.4 billion: AED4.42bn of imports, AED600mn of exports, and AED380mn of re-exports, according to Dubai Customs’ Director-General. “Major commodities included jewellery, mobile phones, textiles and aluminium,” Ahmed Mahboob Musabih said, during his meeting with Hussein Baqis, Indonesian Ambassador to the UAE. The meeting was aimed at discussing means to develop mutual ...