DUBAI / WAM The UAE, represented by the Telecommunications Regulatory Authority (TRA) chaired the virtual consultation session of the council members of the International Telecommunication Union (ITU) which started on June 9, and lasts for four days. The session discusses the most important measures need to be taken by the ITU to ensure work continuity until the next meeting of ...

Bloomberg Oil slumped in New York as the Federal Reserve forecast a long road to recovery for the US economy and American crude inventories rose to a record. Futures lost 3.5% to trade near $38 a barrel. Fed Chairman Jerome Powell said the pandemic could inflict long-lasting damage on the economy and signaled it would keep rates near zero possibly ...

DUBAI / WAM DP World has announced the completion of its acquisition of a 51 percent stake in TIS Container Terminal in the Port of Yuzhny, Ukraine. This follows satisfaction of specific conditions including confirmation of regulatory approval from the relevant government authorities. This project will be DP World’s second partnership with TIS shareholders, the first being our very successful ...