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Oil surges to 3-year high as US stockpiles plunge

Bloomberg Oil rose to a level last seen in late 2014 after US crude stockpiles tumbled by the most since September 2016. Domestic crude inventories declined by 9.89 million barrels last week, while refiners boosted oil processing rates and exports soared to a record, the Energy Information Administration said. Oil stored at the key pipeline hub in Cushing, Oklahoma, shrank ...

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EGA’s Guinea bauxite project 50% complete

ABU DHABI / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, announced that its project to develop a bauxite mine and associated export facilities in the Republic of Guinea, West Africa, has reached 50 percent construction completion. Over 4,000 Guineans, 90 percent from the Boké region, are currently working to construct the ...

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UAE, France keen to improve competitiveness of SMEs

PARIS / WAM The Ministry of Economy (MoE), represented by the International Centre for Patent Registration, and the French Ministry of Economy, represented by the National Industrial Property Institute (INPI), signed a memorandum of understanding (MoU) to improve the competitiveness of small and media-sized enterprises (SMEs), and promote intellectual property awareness in both countries. The MoU aims to promote cooperation ...

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