Bloomberg Crude posted its first weekly gain in a month as global production cuts start to lift physical markets. Futures in New York rose 17% this week. Oil companies have announced major production closures with Chevron Corp. saying it will shut as much as 400,000 barrels of daily output and Exxon Mobil Corp. reporting it will cut rigs in the ...

ABU DHABI / WAM The UAE’s twin bourses continued on their bullish trend backed by upbeat sentiments which manifested themselves in the listed companies gaining around AED33.6 billion ($9.5 billion) in market cap since the beginning of Ramadan, with the mouthwatering prices of the majority of defensive stocks and blue chips driving the buying spree. The general index of the ...

ABU DHABI / WAM The UAE on Saturday sent an aid plane containing seven metric tons of medical supplies to India to bolster the country’s efforts to curb the spread of Covid-19. The aid will assist approximately 7,000 medical professionals as they work to combat the virus. To date, the UAE provided more than 348 metric tons of aid to ...