Bloomberg Oil held its earlier gains as the European Union (EU) was said to plan a phaseout of Russian coal imports but steer clear of sanctioning the country’s oil and gas for now. West Texas Intermediate was up 1.2% after earlier advancing as much as 2.2%. EU nations are deeply split over the next steps to take against Russia, ...

  ABU DHABI / WAM The Federal Authority for Identity, Citizenship, Customs and Ports Security has announced the suspension of the issuance of the residence sticker for foreigners residing in the UAE as of April 11. The goal is to develop services provided to customers and enhance their happiness. The Emirates ID card issued to foreigners residing in the UAE ...

  DUBAI / WAM The Dubai Gold & Commodities Exchange (DGCX) recorded a monthly Average Open Interest (AOI) of 134,154 contracts during the month of March, and registered trading volume with a total value of $15.74 billion. In response to further inflation, policy decisions and continued geo-political conflict around the globe, there was a surge in demand for DGCX’s G6 ...