Oil prices to be impacted by latest rounds of US-China tariffs

Abu Dhabi The latest salvo in the US-China trade war, which saw new tariffs being imposed by both sides, could impact oil prices negatively, analysts said. The latest tariffs officially came into effect on Sunday, with the US placing 15 per cent tariffs on over 3,000 Chinese products worth $110 billion. The US tariffs had […]

Saudi Arabia names head of PIF as Aramco chairman

Dubai: Saudi Arabia has named Yasir al-Rumayyan, head of the kingdom’s sovereign wealth fund, known as the PIF, as chairman of state oil giant Aramco, replacing Energy Minister Khalid al-Falih, Bloomberg reported on Monday, citing an unnamed Saudi official. Rumayyan, a former investment banker, was appointed managing director of the Public Investment Fund in September […]

Dubai’s laser focus on boosting the manufacturing sector is generating new jobs

With a predicted industry growth of 51% by 2027, Dubai’s industrial sector will generate an additional US$ 43.5 billion by 2030 and 27,000 new jobs. Home to many multi-million manufacturing plants including Unilever and Nestle, the city is welcoming growth as it keeps diversifying its economy.