DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, partnered with Dubai FDI to host a forum on Wednesday under the theme, ‘Advancing the Dubai-China Relationship Through Trade’, as part of the fifth edition of the Dubai Investment Week 2019. The event was held under the patronage of HH Sheikh …

Bloomberg Oil steadied after sliding for six days in a row as signs of tighter supply in the US and Opec jostled with ongoing concern that a fragile global economy is eroding fuel demand. Futures held near $54 a barrel in New York after falling 8.6% since September 23. The American Petroleum Institute reported that US crude inventories fell by …

Bloomberg The European Central Bank (ECB) began its official transition to a new benchmark short-term interest rate on Wednesday, as global regulators move away from tainted Libor gauges. The new rate, known as ESTR, which reflects overnight borrowing costs of banks in the monetary bloc, fixed at -0.549 percent for October 1, the central bank said on its website. The …