Bloomberg Oil fell after Opec+ decided to increase output from next month and coronavirus cases in India surged, potentially sapping demand in the world’s third-biggest importer. West Texas Intermediate and Brent dropped around 2.6%, paring gains. Opec+ opted last week to raise production by more than 2 million barrels a day between May and July. Crude has rallied this year ...

ABU DHABI / WAM Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated in the meeting that was held by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), with the governors of the Mena region, Afghanistan and Pakistan on the sidelines of the 2021 IMF/World Bank Spring Meetings. The meeting took place virtually and discussed the ...

ABU DHABI / WAM The UAE and the US announced their joint commitment to tackle the climate challenge in a joint statement that stresses the importance and urgency of raising global climate ambition. Both countries announced their intent to cooperate on new investments in financing decarbonisation across the Mena region and beyond, and to focus on assisting the most vulnerable ...