Bloomberg Oil erased earlier gains as the demand destruction caused by the coronavirus pandemic outweighed planned output cuts from the world’s biggest producers. Futures fell 4.6% in New York amid persistent concerns of a massive supply glut. A key timespread on American benchmark — a gauge of the health of the market — is at its weakest level in more ...

ABU DHABI / WAM The UAE has sent an aid plane carrying eight metric tonnes of medical supplies to Cyprus, benefitting nearly 10,000 healthcare professionals in the fight against the Covid-19 pandemic. “Providing support to countries affected by Covid-19 is a humanitarian obligation upon all countries, as strengthening multilateral cooperation is necessary to overcome this crisis,” said Sultan Ahmed Ghanem ...

DUBAI / Emirates Business dnata corporate Travel, one of the largest business travel management companies in the Middle East, has taken several initiatives to provide the highest possible value to its corporate customers to help them navigate today’s challenging and fast-changing global travel environment. dnata has focused on minimising the impact on customers’ travel budgets whilst complementing their duty of ...