Local energy experts are sceptical whether or not the new deal by Organisation of Petroleum Exporting Countries (OPEC) will stick. On Wednesday, the OPEC agreed to the first cut in oil output in eight years. The move, which is aimed at boosting the price of oil, will see production cut by about 1.2 million barrels a day from January. Ed Bell, Commodities Analyst for Emirates NBD, is wary of OPEC members adhering to the deal.
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India reviewing allegations of antitrust breaches by IndiGo
India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.
DXB and DWC boost winter schedules with new routes
Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.
Amazon in talks to invest in OpenAI
Amazon.com Inc is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.
DXB to welcome over 4.2 million guests over next two weeks
Dubai International Airport (DXB) is gearing up to accommodate a surge in travellers over the next two weeks, marking one of the busiest travel periods of the year.
UAE, India review strategic partnership during joint sessions in Abu Dhabi
The UAE and India have reviewed the progress of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries that aim to advance bilateral trade towards a shared goal of $100 billion.
The Ministry of Human Resources and Emiratisation (MoHRE) is urging private sector companies in areas most affected by the current weather to implement remote work on Friday, December 19.
The Mohammed Bin Rashid Humanitarian Ship has completed loading over 10 million meals at Khalifa Port in Abu Dhabi.
Dubai has declared remote working for all government entities on Friday, December 19, due to the unstable weather forecast across the country, with the private sector urged to do the same.
