Travel Tricks explores collaboration for MICE opportunities
The UAE announced that it will extend its additional voluntary cut of 163,000 barrels per day (bpd), for the second quarter of 2024, in coordination with some Opec+ countries.
In a statement, the UAE said that its production will remain at 2.912 million bpd until the end of June 2024. Afterwards, in order to support market stability, these additional cut volumes will be reversed gradually subject to market conditions.
This voluntary cut is in addition to the voluntary cut of 144,000 bpd previously announced by the UAE in April 2023, which extends until the end of December 2024, the statement explained.
Stay up to date with the latest news. Follow KT on WhatsApp Channels.
This additional voluntary cut comes to reinforce the precautionary efforts made by Opec+ countries with the aim of supporting the stability and balance of oil markets.
Travel Tricks explores collaboration for MICE opportunities
6G will further elevate capabilities of robots, AI, autonomous transport and remote surgery/diagnostics among others
Net profit (after tax) up 32% per cent y-o-y to Dh1.45 billion
UAE business activity and business confidence remained strong
Telco’s AGM to approve cash dividends of 40 fils per share for H2 of 2023
Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, presented the awards to the winners in various categories
Move aims to deepen multi-sectoral cooperation