#US

UAE’s non-oil foreign trade rises 27% in 2021

China ranked first as the country’s largest trading partner in 2021

Oil extends eight-week rally on intensifying Ukraine tensions

Crude surged to the highest since 2014 last week

Oil edges higher after drop in stockpiles

Oil has rallied over the past seven weeks to the highest level since 2014

Oil’s red-hot rally takes a breather after seven weekly gains

Oil has rallied on improving demand and supply outages, putting $100 a barrel within reach

Dubai’s Emirates to resume full US operations this week

Services to Chicago, Dallas Fort Worth, Miami, Newark, Orlando and Seattle will resume from January 21

Sir Tim Clark Emirates Airlines - Boeing

US 5G rollout ‘utterly irresponsible’, says Emirates president

Sir Tim Clark noted that the airline wouldn’t take any risks

Mubadala Energy

Dwindling OPEC+ spare capacity sets oil up for sizzling summer

Last month, the 10 OPEC nations in the accord managed only 60 per cent of their stipulated 250,000 barrel-a-day increase

Emirates Dubai USA

Dubai’s Emirates suspends flights to nine US destinations

The airline cited operational concerns with the planned deployment of 5G mobile network services at certain airports in the US

Pandemic travel

Israel to end Covid travel restrictions to several countries including UAE, UK and US

The travel ban was put in place in December as an effort to prevent people infected with coronavirus from entering the country

UAE says it’s suspending F-35 talks with the US

The UAE said it is reassessing the strategic requirements and the costs/benefits of the aircraft

Saudi Arabia raises oil prices for Asian and US customers

Oil slid for a sixth straight week due to the spread of Omicron and the prospect of more barrels coming to the market

OPEC+ warns of response as Biden poised for oil reserve release

The Organization of Petroleum Exporting Countries and its allies will meet on December 2

Shailesh Dash

What to expect from the US equity markets

Investors that identified sectors likely to benefit from the pandemic have enjoyed superior returns, writes entrepreneur and investor Shailesh Dash, who shares his perspective in this monthly column

US backs $650m air-to-air missile sale to Saudi Arabia

The Aim-120 missile is one of the US Air Force’s top air-to-air weapon systems

Oil extends losses as US stockpiles expand before OPEC+ meet

Nationwide US crude inventories increased by 3.29 million barrels last week

New Arcapita venture to invest $2bn in US warehouses

The goal is to grow the portfolio to as much as $2bn in gross asset value across the top 25 US industrial markets

Expo 2020 Dubai pavilions: Uzbekistan, US, Spain, Finland, UK, Oman, Sri Lanka, Brazil

Here’s a list of eight participating country pavilions and their offerings

Saudi ARabia

Saudi hoard of US Treasuries shrinks most since oil-price rout

The kingdom sold $4bn in US government debt, the most in over a year

The US replaces China as world’s biggest Bitcoin miner

At the end of August, America accounted for 35.4 per cent of the global hash rate

Abu Dhabi Alhosn

Abu Dhabi updates green list, adds 27 destinations including US, UK

Last month, the emirate scrapped the quarantine requirement for all vaccinated travellers arriving into Abu Dhabi

Dubai’s Emirates to ramp up operations to US

Starting from October, the carrier will be operating 78 weekly flights to 12 destinations in the US

Facebook retools messaging again by adding calling to main app

Facebook also started testing a limited version of Messenger’s inbox in the core Facebook app last fall

Brent oil gains with stocks after worst losing streak since 2018

Asia is set to send excess diesel supplies to Europe and possibly to the US as the delta variant dents demand

Oil heads for longest run of losses since March on virus, dollar

The delta variant has spurred fresh curbs on mobility in many nations including China, harming energy consumption

Abu Dhabi updates travel green list, removes US, Italy and Israel

The green list now includes 28 countries

UAE civil aviation authority says all flights to Afghanistan suspended

Desperate scenes played out on Monday at Kabul’s international airport, the only area still under US control

Taliban set to retake Afghanistan after two decades

The Taliban swept through Afghanistan in a matter of weeks, taking world leaders by surprise as they entered a vacuum created by departing US and NATO forces

Saudi’s Red Sea Farms raises $16m pre-series A funding round

Initial investor group includes Aramco venture Wa’ed, the Future Investment Initiative Institute and KAUST from Saudi Arabia, as well as UAE-based Global Ventures

Gold holds biggest gain in three months

The global economic recovery has piled pressure on bullion this year

Emirates Dubai

Dubai’s Emirates ramps up network to adapt to looser travel restrictions

The airline is restoring capacity on 29 routes including to cities in the UK, US and Africa