Abu Dhabi / WAM The cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the issuance of a federal decree-law regarding the amendments of some functions of the Central Bank of the UAE (CBUAE) and merging the Insurance Authority (IA) with the central bank. ...

Bloomberg Libya’s crude production will rise above 1 million barrels a day in the next four weeks after the nation reopened the last of its oil ports, according to the state energy firm. The National Oil Corp. (NOC) said it lifted force majeure — a clause in contracts allowing deliveries to be suspended — at the eastern ports of Es Sider, ...

Abu Dhabi / WAM The UAE welcomed the decision of brotherly Republic of Sudan to initiate relations with the State of Israel. In a statement, the Ministry of Foreign Affairs and International Cooperation praised the efforts of the United States, the Republic of Sudan and State of Israel to reach this historic agreement, expressing hope that this step will have ...