Bloomberg OPEC and allied oil producers including Russia concluded that the crude market re-balanced in April, when their collective production cuts achi- eved a key goal of draining the surplus in global stockpiles. The excess in oil inventories, which has weighed on prices for three years, plun-ged in April to less than the five-year average for stockpiles in developed nations, ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa) received a delegation from the Finnish company, Valmet in the renewable energy sector. Saeed Mohammed Al Tayer welcomed the Finnish delegation and discussed enhancing cooperation and exchanging best international experiences and expertise between Dewaand Finnish companies in renewable, clean energy and environmental sustainability.

ABU DHABI / WAM The Government of the UAE and the Government of the Republic of Kiribati initiated an Air Services Agreement (ASA). Omar bin Ghaleb, Deputy Director-General of the General Civil Aviation Authority (GCAA) of UAE, and Willie Tokataake, Ministry of Information, Communication, Transport and Tourism Development, of Kiribati signed the MoU. Saif Mohammed Al Suwaidi, GCAA Director-General said, ...