Bloomberg Oil hit the lowest in a month after the US government data showed expanding crude stockpiles. Futures fell as much as 3.2 percent in New York on Wednesday. Domestic crude inventories rose by more than twice the rate forecast by analysts last week, according to the Energy Information Administration. Stored supplies have been growing for four weeks, the longest ...

FUJAIRAH / WAM Emirates Post and Fujairah Free Zone (FFZ) have signed a cooperation agreement to integrate services and activities across common divisions in efforts to provide enhanced services to investors within the free zone. It aims to improve the quality of postal services provided to the authority’s customers and partners by harnessing e-connectivity across combined functions. The agreement was ...

ABU DHABI / WAM Etihad Airways has named Sydney and Melbourne as the next airports in the global rollout of new lounge brand ‘The House’, recently launched by the airline in partnership with No1 Lounges. Eligible customers of Etihad Airways, and those of its partner airline, Virgin Australia, travelling through Sydney will be able to experience The House from October ...

Abu Dhabi / WAM His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation and Chairman of Abu Dhabi Sports Council, inaugurated the first edition of the Abu Dhabi International Boat Show (ADIBS) 2018 which kicked off on Wednesday, in the presence of a number of Sheikhs, ...

DUBAI / WAM Dubai Internet City (DIC), on Wednesday signed a Memorandum of Understanding (MoU), with the Russian Export Centre (REC), to launch the first Russian Centre for Digital Innovations and Information and Communication Technologies outside Russia, in Dubai. The centre, which will encompass of a space of over 20,000 sq. ft. within Dubai Internet City, is the first of ...

ABU DHABI / Emirates Business Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, unveils the features of its new integrated digital platform, ‘Sahmi’ during Gitex Technology Week 2018, which ADX is partaking in at the Abu Dhabi government pavilion. The platform provides digital services for investors integrated with the SmartPass platform and The Whole of Government. The new ...

Dubai / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, has highlighted that Emirati youth’s keenness and willingness to learn Artificial Intelligence (AI) technology reflects their high level of awareness in enhancing their skills and technological abilities to better prepare them for jobs of the future. Al Olama commended the graduation of 75 male and female ...

Bloomberg Italian Deputy Premier Matteo Salvini visited Moscow on Wednesday to drive home one of his favorite points: that European Union sanctions on Russia hurt Italy and should be repealed. “The Russian sanctions are a social, cultural and economic absurdity,” Salvini told the annual meeting of the Russian branch of Italy’s main business lobby Confindustria, repeating the same lines he’s ...

Bloomberg An attack that killed at least 19 people at a Crimean trade school on Wednesday was the work of a student, not terrorism as earlier suspected, officials said. The Investigative Committee said it had re-qualified the charge to mass murder based on its preliminary findings. It identified the attacker as 18-year-old Vladislav Roslyakov, a fourth-year student, who killed himself ...

Bloomberg President Donald Trump plans to withdraw the US from a 192-nation treaty that gives Chinese companies discounted shipping rates for small packages sent to American consumers, another escalation of his economic confrontation of Beijing. US officials said the administration sought to revise the treaty in September and was rebuffed by other nations, prompting the decision to withdraw. The State ...