FUJAIRAH / WAM Oil product stockpiles at the Middle East’s key oil hub of Fujairah rose 6.4 percent in the week, climbing to a record high for a second consecutive week as light, middle and heavy distillates all saw builds. Total product stocks were 27.859 million barrels, up from the previous high of 26.192 million barrels a week earlier, according ...

ABU DHABI / WAM Thursday will witness a global united effort where individuals from all walks of life and belief systems will come together in reflection and prayer. The Higher Committee for Human Fraternity (HCHF) initiated the ‘Prayer for Humanity’ call, inviting religious leaders and faithful around the world to a day of fasting, prayers and supplications for “the good ...

Bloomberg India will provide collateral-free loans worth $40 billion to boost liquidity for small businesses and help the economy tide over the coronavirus outbreak. The loans will benefit up to 4.5 million small businesses, Finance Minister Nirmala Sitharaman said in New Delhi on Wednesday. The program will be open until October 31. “Essentially this is to spur growth and to ...