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.
Dubai Retail to open new mall on Al Khail Road in 2027
Dubai Retail, under Dubai Holding Asset Management, has unveiled Skylight Mall, a shopping destination set to open on Al Khail Road in 2027.
Beautyworld Dubai marks 30th edition with global industry showcase
Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, has inaugurated the 30th edition of Beautyworld Dubai at the Dubai World Trade Centre.
DP World granted extension for Angola’s Luanda terminal concession
DP World has secured a 10-year extension to its concession to operate the multipurpose terminal at Angola’s Port of Luanda, extending the term through to 2051.
UAE trade deal with Eurasian Economic Union comes into force
The UAE's Economic Partnership Agreement with the Eurasian Economic Union (EAEU) has officially come into force, opening up preferential access to markets in Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.
Fitch affirms Ras Al Khaimah at A+ and raises growth forecast
Fitch Ratings has affirmed Ras Al Khaimah’s long-term credit rating at A+ and raised its economic growth forecast for 2026.
