BLOOMBERG  Oil pared its weekly advance, with prices erasing early gains as renewed concerns over financial sector stability buoyed the dollar, making commodities priced in the US currency less attractive. West Texas Intermediate slumped below $70 a barrel after the dollar’s jump on a broader decline in risk appetite. The US crude benchmark has advanced by less than $3 a ...

ABU DHABI / WAM Al Ansari Financial Services on Friday announced that following the approval from the Securities and Exchange Authority (SCA), Al Ansari Holding LLC (selling shareholder) has exercised its right to increase the number of shares offering in the UAE retail offer of the group’s initial public offering to 56,250,000 ordinary shares from 37,500,000 ordinary shares. In a ...

NEW YORK / WAM The governments of eleven countries, namely the UAE, the United States (US), Egypt, France, Germany, Jordan, Norway, Qatar, Saudi Arabia, Türkiye, and the United Kingdom (UK), along with the European Union (EU), and the League of Arab States, have issued a joint statement expressing their steadfast commitment to alleviate the suffering of people who were affected ...

BLOOMBERG India’s parliament secretariat removed Rahul Gandhi as a lawmaker after a local court convicted him of defaming Prime Minister Narendra Modi, a huge blow to the opposition ahead of national elections next year. The disqualification makes Gandhi, a scion of the Nehru-Gandhi political dynasty, less viable as a leader of any opposition coalition before elections that may be held ...

BLOOMBERG South Africa’s government is taking legal advice on how to handle an International Criminal Court (ICC) arrest warrant for President Vladimir Putin in the event the Russian leader attends a Brics summit in August. The ICC issued the warrant against Putin for war crimes related to the alleged abduction of children from Ukraine. South Africa is a signatory to ...

BLOOMBERG China’s top diplomat Wang Yi urged Europe to play a role in supporting peace talks for Russia’s war in Ukraine, though the US has warned Beijing’s proposals would effectively freeze the Kremlin’s territorial gains. “China looks forward to France and other European countries to also play their due role,” Wang told Emmanuel Bonne, a diplomatic advisor to the French ...

Bloomberg North Korean leader Kim Jong-un oversaw tests of weapons designed to deliver nuclear strikes against the US and its allies, including one his regime billed as a new underwater drone that can create a “radioactive tsunami.” The tests also included cruise missiles that were affixed with mock nuclear warheads, the official Korean Central News Agency (KCNA) reported on Friday. The ...

BLOOMBERG The UK and European Union (EU) will sign off on their new Brexit deal for Northern Ireland, despite ongoing opposition to the agreement from some unionists in the region. UK Foreign Secretary James Cleverly and EU Commission Vice-President Maros Sefcovic will meet in London to adopt the so-called Windsor Framework, after which new trading arrangements can be implemented, the Foreign ...

DUBAI / WAM DP World and Delhi Capitals have announced a long-term partnership on Friday, where DP World, a leading provider of end-to-end logistics, has become the Global Logistics Partner of the renowned cricket franchise. The new partnership, unveiled at the Leela Palace Hotel in New Delhi, is a multi-year deal that will prominently feature DP World’s logo on the ...

ABU DHABI / WAM Encompassing three separate houses of worship — a mosque, a church, and a synagogue — the Abrahamic Family House began welcoming visitors from March 1. Located in the Saadiyat Cultural District in Abu Dhabi, the Abrahamic Family House is rooted in the UAE’s values of bringing people and cultures together. The site has already become an ...