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UAE signs air transport services deal with Tonga

DUBAI / WAM The UAE, represented by the General Civil Aviation Authority (GCAA), signed an agreement on air transport services in its initials with the Civil Aviation Authority in the Kingdom of Tonga at the GCAA’s headquarters in Dubai, with the aim of strengthening bilateral air relations between the two countries. Saif Mohammed Al Suwaidi, Director-General of the UAE General ...

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UAE ranks among top global commodity trading hubs

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 ...

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Oil slides with Opec+ warning of precarious market outlook

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 ...

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