Dubai / WAM Following up on the agreement signed last month, the Dubai Municipality9 (DM) supplied 700 Dubai Lamps to the Roads and Transport Authority (RTA). With the aim of promoting Dubai Lamp, the municipality had signed several agreements with a number of government and private organisations, as well as strategic partners including the RTA. This is the first batch …

Bloomberg Shale explorers pushing to expand oil production are struggling to find enough fracking crews after thousands of workers were dismissed during the crude rout. Independent US drillers underspent their first-quarter budgets by as much as $2.5 billion collectively, largely because they couldn’t find enough fracking crews to handle all the planned work, according to Infill Thinking LLC, a research …

Bloomberg Saudi Arabia’s sovereign wealth fund set up a defense company to help reduce the kingdom’s reliance on foreign purchases and to diversify the economy away from oil ahead of a visit by US President Donald Trump. The Saudi Arabian Military Industries, or SAMI, will manufacture products and provide maintenance services across units, including air and land systems, weapons and …