In recognition of his honesty and integrity, Dubai police awarded Ali Jamal Al Balushi with a certificate of appreciation
uae3 hours ago
Global growth prospects were further clouded by expected divisions at a meeting in Moscow of finance officials from the Group of 20 nations, 90 per cent of the world’s economy, over economic policy and its impact on currencies.
Economists are worried that competitive devaluations could lead to currency wars, impoverishing nations worldwide.
But the fall in oil was modest, and traders and analysts said hopes of a faster economic expansion later in the year and worries over the security of oil supplies from the Middle East were underpinning prices.
Brent futures were down 40¢ to $117.60 per barrel in midday trading, heading for its first weekly loss since the first half of January. US crude shed 40¢ to $96.91 per barrel.
“The eurozone data is still weighing on financial markets, including oil, but the figures are backward-looking. The most recent forward-looking indicators point to an improvement,” said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt.
“The risks are mostly to the upside for oil: we have improving growth prospects with higher oil demand globally and supply is not rising as much.”
US prices also found support from concerns that gasoline supplies may be reduced by refinery maintenance shutdowns, which pushed prices of the product as well as the oil complex higher.
In recognition of his honesty and integrity, Dubai police awarded Ali Jamal Al Balushi with a certificate of appreciation
uae3 hours ago
Strong demand is outpacing supply at a faster rate this year than estimated, especially after the UAE’s removal from FATF Grey List
uae4 hours ago
The initiative is expected to boost public transport usage
uae4 hours ago
Authorities urged people to wear face masks and glasses when doing outdoor activities
world4 hours ago
In 10 years, all operations of Dubai International Airport will be transferred to Al Maktoum International
aviation4 hours ago
The meeting saw the formation of four technical committees, one for roads and infrastructure, one for houses and properties, one for dams and water facilities, and one for energy and water
uae4 hours ago
Distance learning also implemented due to nationwide transportation strike
asia5 hours ago
For prospective investors, it is worth considering if a future home would be rain-resilient enough to sustain any weather changes
realty5 hours ago