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Oil mixed as Fed chief warns about virus recovery

Oil mixed as Fed chief warns about virus recovery

Oil prices were mixed Thursday as traders weighed downbeat comments from the US Federal Reserve head about the coronavirus pandemic against a surprise drop in US crude reserves.

US benchmark West Texas Intermediate rose 0.3 percent to $25.37 a barrel, while international marker Brent fell 0.6 percent to $29.02 a barrel.

Oil markets had a brutal

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UAE announces 3-day private sector holiday for Eid Al Fitr

UAE announces 3-day private sector holiday for Eid Al Fitr

There will be a three-day paid holiday for private sector workers for Eid Al Fitr, the UAE’s Ministry of Human Resources and Emiratisation (MOHRE) announced on Wednesday.

In a statement, the MOHRE said that the period between Ramadan 29 and Shawwal 3  will be holidays.

Ramadan 29 correspondents with Friday, Mayy 22, while Shawwal 3 correspondents

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UAE may merge ministries as part of revamp in post-Covid-19 plan

UAE may merge ministries as part of revamp in post-Covid-19 plan

Sheikh Mohammed said: 'We need a government that is more agile, flexible, and fast to maintain its pace with new and different priorities'

The United Arab Emirates may merge some of its ministries in a reform plan to prepare the Arab region’s second-biggest economy for a post-coronavirus period, according to its prime minister.

“We w

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UAE at 'important stage' in Covid-19 fight as new cases reach 725

UAE at 'important stage' in Covid-19 fight as new cases reach 725

The UAE is an “important stage” in dealing with the Covid-19 pandemic in the country, requiring every resident to do their part to contain the virus and then eliminate it, according to government spokesperson Dr. Amna Al Dahak Al Shamsi.

On Wednesday, the UAE announced that it had detected 725 new Covid-19 infections, bringing the country’s total t

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Emirates to resume passenger flights to 9 destinations on May 21

Emirates to resume passenger flights to 9 destinations on May 21

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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