Bloomberg Oil jumped to a five-month high alongside a surge in US equities as optimism that an economic recovery may be on the horizon lifted hopes for improving fuel demand to follow. Equities in the US, Europe and Asia strengthened, with the S&P 500 Index approaching the highest in months, bolstered by fresh stimulus out of China’s central bank. A ...

Dubai / WAM Dubai International Financial Centre (DIFC) announced the launch of a new license for startups, entrepreneurs and technology firms. The new “Innovation License” will attract new types of businesses to the centre and is a key initiative for the Dubai Future District, which was announced in January, said a DIFC press release. The new license will support innovation, ...

Abu Dhabi / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport announced that 140 new public buses will be operated in the emirate of Abu Dhabi aimed at improving the quality of services offered to the public transport sector users. In Abu Dhabi City, 112 buses will be operated and 28 buses will be operated ...