Bloomberg Benchmark indexes in the United Arab Emirates (UAE) climbed the most in the Middle East, tracking global stock rallies on optimism surrounding the rollout of coronavirus vaccines. Indexes in Oman and Israel also rise, while the main gauge in Egypt was unchanged. The Tadawul All Share Index in Riyadh dropped the most in the region, with 20 out of its ...

Bloomberg As one of the most tumultuous years in oil’s history ends, a delicate task now lies ahead for Opec+. The alliance of producers led by Saudi Arabia and Russia must decide whether it can continue to restore crude supplies without disturbing the price recovery they spent most of 2020 working to achieve. Moscow believes that the group — which ...

DUBAI / WAM Sherif Al Olama, Undersecretary of the Ministry of Energy and Infrastructure for Energy and Petroleum Affairs, welcomed a high-level delegation from the Israeli Mekorot Water Company headed by Elie Cohen, CEO of the company, where the two sides discussed the frameworks of joint cooperation in the field of water, and exchanged experiences supporting the development of innovative ...