Abu Dhabi / WAM The UAE has been ranked among the top three global commodity trading hubs, according to Dubai Multi Commodities Centre’s (DMCC) latest Future of Trade 2020 report. The Commodity Trade Index (CTI) assesses the role of 10 key trading hubs within global trade. The rankings are based on an analysis of 10 indicators across the three key ...

Bloomberg Oil extended declines as Opec+ warned of a precarious outlook for the market while a resurgent virus hits consumption. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman, speaking at the coalition’s committee meeting called on the group to be proactive in the face of uncertain demand. The comments are strengthening expectations that Opec and its allies will delay plans ...

DUBAI / WAM Dubai’s dnata has announced it further expanded its footprint in the Asia-Pacific region and entered the Indonesian aviation market by partnering with PT UNEX Rajawali Indonesia (Unex). Based at Soekarno-Hatta International Airport (CGK) Jakarta, Unex is a leading ground handling and cargo warehouse company. The strategic partnership will see dnata and Unex enhance ground handling capacity in ...