ABU DHABI / WAM The UAE on Monday welcomed the signing of a power-sharing agreement in Afghanistan between President Ashraf Ghani and Dr Abdullah Abdullah while expressing hope that the deal represents a step towards enhancing stability, peace, and security throughout Afghanistan. In a statement, the Ministry of Foreign Affairs and International Cooperation renewed its call for an immediate ceasefire …

Bloomberg Oil rose to the highest in two months as demand in China returned to near pre-virus level and output curbs continued in the US and elsewhere. Futures in New York climbed as much as 9.8%. Chinese oil use is at 13 million barrels a day, just shy of the levels of a year earlier, traders and executives said. The …

DUBAI / WAM Drydocks World on Monday held a steel-cutting ceremony to mark the start of production on a conversion project for Boskalis B.V. According to a press statement, Drydocks World will convert a drill ship YAN into an offshore installation vessel named Bokalift 2. This vessel is designed to carry out offshore operations for windmill installations in Taiwan. The …