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Oil drops with stuttering US fuel demand, Libya ramp up

Bloomberg Oil declined as investors assessed signs of lackluster US gasoline demand and the return of supplies from Libya. West Texas Intermediate futures fall towards $95 a barrel. The slump came after a US report showed gasoline inventories rose more than expected last week, while stalling demand sent the motor fuel’s premium over crude plummeting. Further bearish signs emerged from ...

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UAE to host next year’s World Radiocommunication Conference

  Geneva / WAM International Telecommunication Union (ITU) has announced that the next World Radiocommunication Conference (WRC-23) will take place at the Dubai World Trade Centre, between November 20 and December 15, 2023. Held every four years for a period of four weeks, the conference is mandated to update the Radio Regulations, the sole international treaty governing the use of ...

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Arada sales jump 30% to AED1.49bn in H1 ’22

  Dubai / WAM Arada has reported a 30 percent growth in the value of the property sold in the first six months of 2022, as buyer interest in the Sharjah and wider UAE property markets continues to grow. The developer sold homes valued at AED1.49 billion at its two Sharjah megaprojects, Aljada and Masaar, thanks to ongoing demand for ...

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