Bloomberg Oil notched its biggest weekly loss since the depths of the last price crash, as record Saudi output and a global stock sell-off intensified crude’s free fall. Futures slid below $60 in London and ended the week down about 12 percent, the worst showing since January 2016. Traders focussed on the growing risks of a new glut of crude ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) awarded a AED 118 million contract to supply, fit, and commission 26.5 kilometres of water pipelines across Dubai. According to a press statement, the new project will help achieve vital ongoing projects on Dewa’s infrastructure, and increase water flow to meet demand. “This project is a part of our efforts ...

Dubai / Emirates Business His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence (AI), stressed that advanced technology and Artificial Intelligence are key tools for humanity. Al Olama also highlighted the importance of adopting these tools, developing them, and enabling them through flexible legislation in order to govern their usage. This statement was made during Al Olama’s ...