Bloomberg The oil market showed signs of tighter supply as key gauges of its health rallied, although concerns remain over a resurgence in coronavirus cases in China and the US. Futures in London and New York gained, while Brent for August was trading above the September contract, a sign of scarcer supply in Europe’s physical market. Oil prices in the ...

ABU DHABI / WAM Upbeat sentiments triggered by the positive performance of banking and telecommunications companies for the second straight session earned the UAE capital markets around AED11 billion in market cap. At the capital’s bourse, the general index rose 1.1 percent to 4,376 pts. FAB closed at AED11.60, and ADCB at AED5.23. Etisalat was among the best performers, growing ...

ABU DHABI / WAM Dr Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, said: “The UAE, five months after the detection of the first Covid-19 case, has become an inspirational model to be followed for proactive measures and effective crisis management.” The minister’s remarks came at UAE government’s regular media briefing where he provided an ...