Bloomberg Oil capped the biggest weekly loss since November after surging US supplies erased three months of gains that followed OPEC’s deal to cut output. Futures tumbled 9.1 percent this week in New York. For a second day, they closed below the settlement on November 29, the day before OPEC agreed to the curbs. US crude stockpiles have expanded …

  Dubai / WAM The Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED), along with Dubai Exports, the export promotion agency of DED, will go on a two-week tour of the United States (US), as part of strengthening the emirate’s engagement with major economies to reinvigorate global trade flows and foreign investment. The …

  DUBAI / WAM The 2nd Arab IPO Summit will focus primarily on how the companies in the region can increase their capital and enhance their financial value through IPOs. Discussions from leading issuers, stock exchanges, investment banks and corporates will highlight key macroeconomic developments and their impact on markets. The Arab IPO Summit, to be held on March 14-15 …