LONDON — Oil rose above $47 a barrel on Wednesday but the gains could be limited as further signs of weakening U.S. oil demand are expected to emerge in weekly data due out later in the session.
LONDON — Oil rose above $47 a barrel on Wednesday but the gains could be limited as further signs of weakening U.S. oil demand are expected to emerge in weekly data due out later in the session.
DUBAI — The constitutional amendments approved by the Federal Supreme Council will help enhance transparency and accountability, according to business leaders.
DUBAI — Arabian Gulf shares rose, led by Saudi Basic Industries Corporation and Kuwait Finance House, on speculation equity prices will rebound as governments move to shore up domestic markets.
DUBAI — The Liverpool captain Steven Gerrard has signed a deal in which an exclusive Dubai development will be named in his honour.
DUBAI — As a turbulent 2008 comes to a close, financial institutions the world over are reviewing the past year and looking ahead to 2009.
DUBAI — The Dubai Gold & Commodities Exchange (DGCX), the region’s first electronic futures market, on Wednesday announced the launch of the world’s first region-specific plastic futures on February 5, 2009.
DUBAI — The biggest interiors event of its kind in the Middle East and Asia – Index 2008 – was inaugurated here by Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council.
DUBAI — The Dubai Mercantile Exchange Limited (DME) announced on Wednesday that more than 500,000 lots of its benchmark DME Oman Crude Oil Futures Contract have traded since the launch of the Middle East’s premier energy futures and commodities exchange on June 1, 2007.
ABU DHABI — Abu Dhabi Aircraft Technologies (ADAT) and Silver Air have entered into a pact for Maintenance, Repair and Overhaul of its four-strong Boeing fleet.
ABU DHABI — Abu Dhabi Islamic Bank (ADIB) has inaugurated a new branch in Ras Al Khaimah (RAK), taking the total number of branches in the UAE to 45.