Bloomberg Oil rises on signs a glut was easing with US crude stockpiles shrinking for a sixth week. The American Petroleum Institute reported crude inventories dropped by 6.36 million barrels last week, according to people familiar with the figures. That would be the longest run of declines this year if confirmed by government data. Yet, there are lingering concerns about ...

DUBAI / WAM Emirates has announced it will resume flights to Accra, Ghana and Abidjan, Ivory Coast from September 6. The addition of these two destinations takes the total number of points served by Emirates in Africa to 11. According to a press release issued by the airline on Wednesday, this will take the airline’s passenger network to 81 destinations in ...

Abu Dhabi / WAM The Central Bank of the UAE (CBUAE) on Wednesday announced the introduction of a mandatory registration framework for Hawala providers or informal money transfer service providers that operate in the UAE. The newly introduced registration system is in accordance with the Registered Hawala Providers Regulations (Regulation 24/2019) and reflects the CBUAE’s continuous efforts to safeguard the ...