Bloomberg Renewed fears that the coronavirus will harm global growth rocked commodity markets again on Monday, with oil and metals prices tumbling while gold soared towards $1,700 an ounce amid a flight to haven assets. As the deadly virus spreads more widely outside China, raising the threat of a global pandemic, finance chiefs and central bankers from the world’s largest ...

ABU DHABI / WAM Abu Dhabi Autonomous Systems Investments Company (Adasi), on Monday announced that it has signed an AED234 million contract to supply the new Camcopter S-100 unmanned aerial vehicles (UAVs), to the UAE Armed Forces. Ali Al Yafei, CEO of Adasi, made the announcement on the sidelines of the Unmanned Systems Exhibition and Conference (Umex 2020), that is ...

ABU DHABI / WAM Water scarcity in the region is of a rising concern, particularly as governments are moving away from reliance on traditional water resources to meet population demands, report findings have revealed. According to the ‘Mena Desalination Market’ report by Ventures Onsite, the Mena region’s investment in the water desalination market has increased “substantially”. It noted that 48 ...