GENERAL

Basra: The Iraqi Ministry of Oil announced on Sunday that it has signed a five-year integrated management contract with the US energy services company Halliburton for the development of the Bin Umar and Sindbad oil fields in Basra governorate.

Accord…

Gold: Gold was steady near a two-week high on Monday after a than-expected US jobs report last week tempered expectations of interest rate hikes from the Federal Reserve. Spot gold was steady at $4,174.66 per ounce, as of 02:52 GMT, after hitting its …

Brussels: Industrial producer prices in both the euro area and the European Union experienced a modest increase of 0.2 percent in May compared to April, as per preliminary estimates released by Eurostat. This follows previous increases of 0.7 percent …

Sharjah: The Board of Directors of the Sharjah Chamber of Commerce and Industry (SCCI) held the first meeting of its 18th term, reaffirming its commitment to advancing Sharjah’s economic development and strengthening the emirate’s position as a leadin…

London: British budget airline easyJet has agreed in principle to a sweetened takeover bid from US investment firm Castlelake, valuing the carrier at up to £5.5 billion ($7.34 billion).

According to Emirates News Agency, the new offer of £6.90 per s…

Dubai: Dubai Chambers has entered into a strategic partnership with FedEx, the world’s largest express transportation company, to enhance the international growth capabilities of Dubai-based businesses. The Memorandum of Understanding (MoU) aims to bo…

Rome: Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), announced that the Memorandum of Understanding (MoU) signed today between the GCC General Secretariat and the Republic of Italy is set to strengthen cooperation an…

Gaza: The UAE Field Hospital in the Gaza Strip recently hosted a delegation from the United Nations Office for the Coordination of Humanitarian Affairs (OCHA). The purpose of the visit was to review the hospital’s medical and treatment services for pa…