PARIS / Reuters OPEC wants oil inventories to decline further and is working to ensure a policy-setting meeting in May reaches consensus, the group’s secretary-general said on Thursday in comments pointing to an extension of a global supply cut. The Organization of the Petroleum Exporting Countries, Russia and other producers originally agreed to curb production by 1.8 million barrels …

  DUBAI / WAM DP World has handled 16.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2017, with gross container volumes growing by 5.7% year-on-year on a reported basis, and 5.0% on a like-for-like basis, well ahead of the industry estimate of 2.6% throughput growth for Q1 2017. The first …

  DUBAI / WAM The UAE continues its deep commitment and involvement in the Kimberley Process, KP, following its successful tenure as KP Chair in 2016. Set up as a joint initiative between the Ministry of Economy and DMCC, the aim of the UAE Kimberley Process Taskforce is to support and reinforce multilateral cooperation regarding the import, export, and transit …