Bloomberg Oil climbed, erasing an earlier loss, as a landmark plan from consumers to tap their strategic oil reserves was less severe than markets expected. Futures in New York wiped out losses to trade above $77 a barrel after Tuesday’s statement from the White House. While the headline size of the US release is large, a significant chunk of the ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a phone call from the Italian Prime Minister, Mario Draghi. During the conversation, His Highness Sheikh Mohamed bin Zayed and Draghi discussed bilateral ties between the two friendly countries and ways to enhance ...

DUBAI / WAM The bilateral trade between Israel and Dubai has reached AED2.57 billion since the Abraham Accords was signed in September 2020, a senior Israeli diplomat told Emirates News Agency (WAM). “We have this huge amount of trade (even though) Israel was closed completely for foreigners, and sometimes for Israelis, too, up to November 1, because of Covid-19. It ...