Bloomberg Pessimism is back in vogue in the oil markets, as investors bet sputtering trade talks and swelling US output can kill crude’s rally. Hedge funds lifted bearish bets on West Texas Intermediate crude by 39%, the biggest short-selling surge in more than eight months. Meanwhile, bets on a rally retreated for the second straight week. Crude futures slipped to ...

BEIRUT / WAM UAE Ambassador to Lebanon Hamad Saeed Sultan Al Shamsi has commissioned a number of facilities at the Vocational Centre of Beirut after they have been revamped by the Emirates Red Crescent. The facilities include heating, ventilating and air conditioning units as well as a computer lab. They fall within the ‘Year of Tolerance’ initiatives implemented by the ...

Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (Adnec) on Saturday announced that it has signed a strategic partnership with Etihad Airways appointing Hala Abu Dhabi, the Destination and Leisure Management division of Etihad Airways, the national airline of the UAE, as the official travel and destination management partner of its key events. Under the strategic partnership, Hala ...

SHARJAH / WAM Government and private sector employers must register their UAE national employees, said the General Pension and Social Security Authority (GPSSA). In a statement on released on Saturday, the Authority called on all employers subject to the provisions of Federal Law No. 07 of 1999 on Pension and Social Security and its amendments to register their UAE national ...

Dubai / WAM A new animation film was released by Expo 2020 Dubai, showcasing the ghaf tree, and how it symbolises Expo 2020’s message of unity and collaboration. The animated short film tells the story of ‘Salama’, a wise character based on a real-life ghaf tree preserved on the event’s site due to its value as the national tree of ...

DUBAI / WAM The Ministry of Climate Change and Environment, MOCCAE, the Ministry of Foreign Affairs and International Cooperation (MoFAIC), and the Environment Agency – Abu Dhabi (EAD), have launched the joint ‘Al Maha Diplomacy’ initiative to preserve local biodiversity. As part of the initiative, the three entities seek to introduce the international community to the UAE’s flora and fauna ...

Dubai / Emirates Business The UAE Organising Committee of the 24th World Energy Congress has announced the signing of an agreement with Dana Gas, the Middle East’s first and largest regional private sector natural gas company, which will become a Silver sponsor and exhibitor at the Congress. Held every three years, the World Energy Congress is the world’s largest, longest-running ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has exchanged Ramadan greetings with Dr. Ahmad Al Tayyeb, Grand Imam of Al Azhar Al Sharif. In a phone call, he extended greetings and his best wishes for the Grand Imam of Al Azhar ...

HADRAMAUT / WAM Some 20,000 individuals will receive food aid distributions in Yemen’s Hadramaut Governorate, an Emirates Red Crescent representative has revealed. As part of its Iftar campaign, the ERC will distribute food aid to indigent families across remote villages in Hadramaut throughout the Holy Month of Ramadan. Hamid Rashid Al Shamsi, ERC representative in Hadramaut, said that the campaign ...

Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD), has delivered a lecture at the Emirates Diplomatic Academy (EDA), in Abu Dhabi, to highlight the Fund’s role in promoting socio-economic development in developing countries. The session also focused on ADFD’s own contribution to achieving the UN’s Sustainable Development Goals (SDGs). Delivered by Fatima Al Balooshi, Media Advisor at ADFD, the ...