Oil prices will probably stay low for the next 12 months, but the long term prospects are bright for Gulf energy producers such as the UAE. That’s according to Daniel Yergin, one of the world’s most influential oil experts and author of Pulitzer award-winning book The Prize. Speaking to ARN News on the sidelines of the ADIPEC oil exhibition in Abu Dhabi, he says there’s little prospect of oil climbing much above $50 (AED 185) a barrel in the short term...
Dubai Chambers, Standard Chartered to support global expansion of local businesses
Dubai Chambers and Standard Chartered signed a Memorandum of Understanding (MoU) to enhance collaboration aimed at fostering the growth of UAE businesses and supporting their expansion into promising global markets.
OPEC+ postpones output policy meeting to December 5
The OPEC+ alliance of oil-producing countries has postponed its next meeting on output policy to December 5 from December 1 to avoid a conflict with another event, OPEC said on Thursday.
UAE, Philippines expand cooperation
The UAE and the Philippines have signed key agreements in several new areas of cooperation, including in culture, energy transition, AI, and diplomacy, during President Marcos’ working visit to the UAE this week.
Microsoft faces wide-ranging US antitrust probe
The US Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday.
UAE President chairs ADNOC board meeting, approves $80 billion investment arm
The UAE's President His Highness Sheikh Mohamed bin Zayed Al Nahyan has chaired the annual meeting of the ADNOC Board of Directors.
