ABU DHABI / WAM The UAE Ministry of Economy has said that the value of the UAE’s non-oil foreign trade reached AED1.75 trillion (US$476.4 billion) in 2015, a growth of up to 10 percent from 2014, according to its report. The figures in the first half of 2015 are positive indicators for the UAE’s foreign trade, including direct trade. In ...

Tehran / AFP Iran’s Oil Minister Bijan Zanganeh said on Wednesday his country supported steps taken by other major producers that could stabilise the market and lead to price hikes for crude. But after a meeting with his Iraqi, Venezuelan and Qatari counterparts in Tehran, a day after Saudi Arabia, Russia and several other big producers agreed to freeze output, ...

Dubai / WAM The future of energy, especially in the current climate of oil price volatility, begins now, and oil producing nations must focus on strengthening the efficiency of their operations and commence energy diversification measures, said experts discussing the ‘Future Energy – After the Oil Age’ at the first Commonwealth of Independent States Global Business Forum 2016 in Dubai. ...