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Oil steadies near two-month high as US drilling slows down

Bloomberg Oil steadied near a two-month high in New York amid a pullback in US drilling activity, while ongoing US-China trade talks left an uncertain outlook for demand. Futures rose 0.3 percent after surging 3.3 percent. The number of rigs drilling for oil in the US fell to the lowest since May, according to Baker Hughes data. China and America, ...

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Dubai Aerospace grows fleet tally to 54 aircraft

Dubai / Emirates Business Dubai Aerospace Enterprise (DAE) Ltd announced that it continues to make strong progress in building its managed aircraft portfolio. In 2018, DAE concluded transactions adding 19 aircraft to the portfolio valued at over $500 million, taking DAE’s total managed fleet to 54 aircraft. DAE is growing its managed portfolio both through sales of assets targeted for ...

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Deal signed to promote financial literacy in UAE

DUBAI / Emirates Business Al Etihad Credit Bureau (AECB), the UAE’s federal credit bureau, and Visa, the world’s leader in digital payments, signed a memorandum of understanding (MoU) to promote responsible money management among consumers in the UAE. The agreement was signed by Marwan Lutfi, CEO, Al Etihad Credit Bureau, and Marcello Baricordi, General Manager of Mena, Visa. The organisations ...

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