Bloomberg US gasoline futures jumped after Hurricane Ida barreled ashore in Louisiana, disrupting processing facilities. Oil reversed early gains as local rigs may have escaped significant damage and the Opec+ producers’ cartel is expected on Wednesday to endorse a supply increase. Gasoline for October spiked more than 4% in New York before paring its advance, while West Texas Intermediate crude ...

DUBAi / WAM Dubai Electricity and Water Authority (Dewa) issued its 8th annual Sustainability Report 2020, which focuses on Dewa’s efforts in promoting sustainability with its social, economic, and environmental aspects. This is achieved by adopting the best international practices as well as sustainable and integrated systems that ensure providing value-added services that meet stakeholders’ expectations. This reflects the importance ...

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Monday reported a profit of AED1.74 billion ($473 million) for the first half of 2021, the company’s strongest half-year financial performance ever. EGA’s adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (adjusted EBITDA) was AED3.49 billion ($950 million), up 111 percent on the same period last year. Some 86 percent of ...