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.
Uber expands into 7 new European markets in food-delivery push, FT reports
Uber plans to roll out its delivery business into seven new European countries this year, as tech groups ramp up their efforts in the multibillion-euro food-delivery market, the Financial Times reported on Sunday.
UAE strengthens market oversight to ensure price stability for Ramadan
UAE authorities have stepped up market monitoring and supply chain coordination ahead of Ramadan to ensure adequate supplies of essential goods and stable prices.
H.H. Sheikh Mohammed appoints new PCFC Chairman
In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued a decree appointing Abdulla bin Damithan as Chairman of the Ports, Customs and Free Zone Corporation (PCFC).
DP World announces new leadership appointments
DP World has announced new leadership appointments, naming Essa Kazim as Chairman of the Board of Directors and Yuvraj Narayan as Group Chief Executive Officer.
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