Paris / WAM After two years of unprecedented decline, global upstream oil and gas investment is expected to stabilise in 2017, according to a report issued by the International Energy Agency, (IEA). However, an upswing in US shale spending contrasts with stagnation in the rest of the world, signalling a two-speed oil market. At the same time, the oil and …

Abu Dhabi / WAM The UAE equity markets booked decent gains at the close of Tuesday’s session driven by selective purchases targeting banking and property shares and low price stocks below one dirham. The Dubai Financial Market General Index grew 0.64 percent to reach 3439 points, with Abu Dhabi Securities Exchange General Index closing 0.24% higher than Monday, at 4,408 …

SAN DIEGO / WAM The Abu Dhabi Urban Planning Council (UPC), won a prestigious international award for its innovative use of Geographic Information System (GIS), mapping technology. The award took place during the 2017 Esri User Conference, which will run until July 14, organised by the International Environmental Systems Research Institute in San Diego, California. The UPC’s award-winning internal web …