Oil investors are growing more doubtful that OPEC can seal a deal. Money managers reduced bets on higher oil prices by the most since July 2014 after the group failed to agree on country quotas in talks in Vienna late last month. The rally following the Organization of Petroleum Exporting Countries’ preliminary deal in late September has disappeared as questions mount about whether OPEC can implement the first supply cuts in eight years at its November 30 summit.
Emirates orders 65 more Boeing 777-9 jets at Dubai Airshow
Emirates has announced orders for 65 additional Boeing 777-9 aircraft, powered by GE 9X engines, worth $38 billion at list prices, on the opening day of Dubai Airshow 2025.
Hyundai Motor to invest $86 billion in South Korea after US trade deal
Hyundai Motor Group will invest 125.2 trillion won ($86.47 billion) in South Korea from 2026 to 2030, the automaker said on Sunday after Seoul finalised a trade deal reducing US tariffs on South Korean autos to 15 per cent from 25 per cent.
Aster secures AED265 million funding to build two hospitals in Dubai
Aster DM Healthcare has secured AED265million under a new partnership with Emirates Development Bank (EDB) towards the development of two multi-specialty hospitals in Dubai.
DIFC joins 4th edition of 1 Billion Followers Summit as Gold Partner
The 1 Billion Followers Summit, the world’s first and largest event dedicated to the content creation industry, has announced Dubai International Financial Centre (DIFC) has joined as a Gold Partner for the fourth edition of the Summit.
Tesla requires suppliers to avoid China-made parts for US cars, WSJ reports
Tesla is now requiring its suppliers to exclude China-made components in the manufacturing of its cars in the United States, the Wall Street Journal reported on Friday.
