BLOOMBERG Oil prices pushed closer to $100 a barrel, stoking expectations interest rates will stay higher for longer and keeping pressure on global markets. The US benchmark oil price briefly surpassed $95 a barrel for the first time in more than a year and Brent traded near $97 after a drop in stockpiles at a major storage hub underscored a …

ABU DHABI / WAM The financial markets of the United Arab Emirates topped the Arab stock exchanges during last week’s trading, according to the Arab Monetary Fund (AMF). The fund, in its weekly bulletin on Arab financial markets, which monitors the performance of 13 exchanges, said that the UAE markets achieved monthly market gains of over $6.2 billion, distributed at …

ABU DHABI / WAM The Energy Industries Council (EIC), the leading energy trade association, announced its participation in the Abu Dhabi International Petroleum Exhibition Conference (Adipec) 2023, where it will host the UK Pavilion. This year’s Adipec, from  October 2-5 in Abu Dhabi, celebrates EIC’s 20th year at this premier energy event. Adipec has evolved into the world’s most influential …