The global benchmark crude has already plunged to record lows, completing the worst quarter in history on Tuesday
While the Covid-19 outbreak has created pandemonium globally, some business segments from education and entertainment to telemedicine and telecommunications now have a bigger role to play than ever before
On Tuesday, Saudi reported 110 new coronavirus cases, raising the total number infections in the country to 1,563
A closer look at the ripple effects of plunging oil prices and a weak demand for the commodity, as well as predictions on how the industry will cope in the near- to long-term
Demand is down about 15 million to 20 million barrels a day and will shrink further with India’s decision to go into lockdown
Dubai Economy has outlined businesses which are affected by this decision, the exemptions and the duration of the closure too
Annual revenue meanwhile rose by 36 per cent in 2019 to $7.68bn from $5.6bn in 2018
DP World, UAE Region currently contributes to over 33.4 per cent of Dubai’s GDP
The travel exhibition will now be held from June 28-July 1, 2020
There will be a 50:50 ratio maintained in the number of males to females accepted into the programme
Sea- and air-borne trade will continue as long as personnel and goods involved have the necessary paperwork from their originating countries
The superyacht will feature a helicopter deck, swimming pool and two bespoke guest tenders too
The total number of exhibitors was up nearly 40 per cent compared to the previous year
Chinese tariffs on American goods from September 1 last year will be lowered, with the rate on some dropping from 10 per cent to 5 per cent
In September, restrictions were levied on the Dalian units of China COSCO Shipping Corp., which increased freight rates considerably
The emirate’s exports totaled Dhs118bn and re-exports grew to Dhs312bn, while imports equalled Dhs589bn
The deal outlines a $200bn spending spree by China to try and close its trade imbalance with the US
The value of the overall trade between the two countries in the first half of 2019 reached Dhs26bn
It contributed 12 per cent to Dubai’s Dhs1.02 trillion foreign trade during that period
Spot gold fell 1 per cent to $1,540.33 an ounce, only $11 higher than the closing price the day before the US strike
The emirate’s non-oil foreign trade grew 6 per cent to cross Dhs1 trillion between Jan-Sept
Dubai Media Office asserted that all products manufactured in Jebel Ali were subject to quality checks
New environmental regulations on the sulfur content in a vessel’s fuel enter into force on Jan. 1
The facility will position itself as a strategic gateway hub to help conduct petrochemical trade across the GCC region and further
The contracts, for the first 11 months of the year, valued in at over $400bn
Dubai has issued licenses to 246,737 Indian businessmen to set shop, strengthening bilateral ties
In 2018, UAE’s re-exports reached Dhs431bn
The first phase of the scheme banned all type of cigarettes in local markets that didn’t bear the digital tax stamps
Putin begins official state visit to the UAE today
The ongoing US-China trade dispute is believed to be a major contributing factor to determining the price of oil next year.