ABU DHABI / WAM As part of the Ministry of Finance’s efforts to strengthen relations and develop financial and economic cooperation frameworks with other countries, Obaid Humaid Al Tayer, Minister of State for Financial Affairs, met Steven Mnuchin, US Treasury Secretary, in Abu Dhabi. Mubarak Rashed Al Mansoori, Governor of the Central Bank of the UAE, and a number of ...

SOFIA / WAM A high-level United Arab Emirates delegation has concluded a successful trip to Bulgaria, with both nations agreeing to further advance bilateral relations. UAE Minister of State Ahmed Ali Al Sayegh led the high-level delegation to the Bulgarian capital Sofia in a bid to further develop bilateral cooperation in a number of fields. In meetings with Bulgarian counterparts, ...

Bloomberg America’s two biggest oil majors are leaning on booming shale production in the Permian Basin, the once-overlooked region in West Texas and New Mexico, to weather the gathering macroeconomic storm of lower oil demand, weak commodity prices and slowing global growth. Exxon Mobil Corp. said its production from the basin rose 70% in the third quarter compared with a ...