Bloomberg Crude rose after Saudi Arabian production cuts heightened concerns about tightening worldwide supplies. Futures in New York advanced as much as 1.6 percent on Monday. Saudi Arabia reduced oil production to about 10.3 million barrels a day in July, according to delegates in the Organization of Petroleum Exporting Countries. The kingdom told the group it had pumped 10.489 million ...

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry issued a resolution to exempt private sector companies and institutions in Abu Dhabi from all fines that are due to delayed membership renewals of 24 months or more, to give them the opportunity to adjust their status until the end of December. Mohammed Hilal Al Muhairi, Director-General of ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Hot Functional Testing (HFT) on Unit 2 of the Barakah Nuclear Energy Plant. This significant pre-operational testing process incorporated all lessons learned from the same test on Unit 1 in order to achieve the highest international standards of quality, safety and efficiency. ENEC worked closely with the ...