UAE says US$50 oil ‘isn’t going to cut it’ for producers

ABU DHABI: Crude oil at US$50 a barrel is too low for most producing countries, according to United Arab Emirates Energy Minister Suhail Al Mazrouei. Prices have climbed almost 20% to above US$50 a barrel since the Nov 30 agreement by the Organisation of ... ( read original story ...)

United Arab Emirates' leader back from 'private' trip abroad

... Emirates – The leader of the United Arab Emirates, who has rarely been seen in public since suffering a stroke nearly three years ago, has returned to the country after a "private visit" abroad. The state-run WAM news agency says Sheikh Khalifa bin ... ( read original story ...)

At Abu Dhabi oil event, hopes that cuts will raise prices

ABU DHABI, United Arab Emirates – Participants at an oil conference in crude-rich Abu Dhabi say they hope production cuts will drive prices even higher. Emirati Energy Minister Suhail al-Mazroui says there's "a fair movement" toward higher prices. ( read original story ...)

Dubai's DAMAC Confirms Offering $2B in Deals to Trump

Trump said Wednesday at his first news conference since his election that he had turned down the deal, offering the decision as evidence of his commitment to avoiding conflicts of interest. "Over the weekend, I was offered $2 billion to do a deal in Dubai ... ( read original story ...)

Dubai hotel demand at 5-year high as tourists back in droves

“This was Dubai’s highest December demand increase since 2011. The month closed with three consecutive nights of occupancy above 90 per cent, including a level of more than 95 per cent on New Year’s Eve,” STR said in a statement sent to Gulf New ( read original story ...)

Fire strikes Abu Dhabi national oil company refinery

DUBAI, United Arab Emirates – The Abu Dhabi National Oil Co. says a fire has broken out at a refinery, with no injuries immediately reported. ADNOC said Wednesday night on Twitter that the fire hit its Takreer Ruwais refinery. That refinery is in the ... ( read original story ...)

United Arab Emirates: 5 diplomats killed in Afghanistan bombing

Abu Dhabi's powerful crown prince ... in the past that diplomats and security forces later attributed to the group. The UAE's state-run WAM news agency identified the Emirati dead as Mohammed Ali Zainal al-Bastaki, Abdullah Mohammed Essa Obaid al-Kaabi ... ( read original story ...)