DUBAI / WAM Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Crown Prince of Dubai and Chairman of the Executive Council His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum announced the gradual reopening of business activities in Dubai from the fourth day ...

Bloomberg Oil rose near $34 a barrel following Russia’s prediction that the market may balance as early as next month as global producers take historic amounts of crude out of the market. Russia, a key member of the Opec+ alliance that has pledged record output cuts, expects the market to balance in June or July. Energy Minister Alexander Novak said ...

ABU DHABI / WAM The Federal Tax Authority (FTA) issued a decision to postpone implementation of the ban on supplying, transferring, storing, and possession of water pipe tobacco and electrically heated cigarettes in the UAE that do not carry digital tax stamps until January 1, 2021. The ban had previously been scheduled to come into effect on June 1 this ...