Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after Opec and its allies agreed not to increase supply in April as they await a more substantial recovery in demand.
The Opec and allied producing countries have confirmed plans to restore 2.1 million barrels of crude per day of oil output, balancing fears that continuing COVID-19 outbreaks in some countries
Opec and its allies expect oil inventories to fall further in the coming months, Opec’s secretary general said on Monday, suggesting efforts by the producers to support the market are succeeding.
Oil prices rose on Tuesday as Opec+ sources said the producer group would stick to existing plans to boost oil output slightly from May 1, suggesting they do not see a lasting impact on demand from India’s coronavirus crisis.
The Ministry of Finance (MoF), in collaboration with the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), held two workshops at the headquarters of the Chambers of Commerce in Dubai and Abu Dhabi.
Paradigm 3D on Thursday opened the doors to its state-of-the-art Dhs20 million 3D-printing facility in Dubai — the first in the Middle East capable of producing parts
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai and Patron of the Taqdeer Award