Oil prices plunged by almost 30 per cent on Monday, after OPEC’s failure to strike a deal with Russia regarding production cuts - it's steepest one-day fall since the 1991 Gulf War.
Saudi Arabia's move to raise crude output has impacted global stock markets, with London’s FTSE down 9 per cent. That followed are sharp sell-off in Asia, where Australian share fell 7 per cent.
By 8:45 am GMT, a barrel of Brent crude had recovered to around $36 a barrel - a decline of 20 per cent.
UAE looks to deepen trade ties with Canada during Toronto visit
The UAE is looking to strengthen trade and investment ties with Canada following a visit to Toronto by Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi.
DEWA International explores partnerships with French energy firms
DEWA International has held talks with several leading French energy companies as it looks to expand its global presence following its launch last month.
UAE, Canada conclude CEPA negotiations
Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, and Maninder Sidhu, Canadian Minister of International Trade, have announced the conclusion of Comprehensive Economic Partnership Agreement (CEPA) negotiations between the two countries.
New US tariffs to affect imports from EU, China and dozens of other countries
The United States is introducing new tariffs on imports from 60 trading partners, including the European Union, China, Japan and South Korea, in a move that could reshape global trade flows and supply chains.
US-India trade deal could be signed in 3-4 months, US official says
A long-awaited US-India trade agreement could be signed within the next three to four months, a senior US official said on Wednesday, indicating negotiations between the two sides have been virtually completed.
