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 launches KYC platform for enhanced financial data
The UAE government has launched the Know Your Customer (KYC) digital platform, aimed at providing accurate, confidential data for financial transactions.
Volkswagen union signals strikes in December but talks continue
Volkswagen's union said it was gearing up for strikes across German factories from December 1 after talks over wages and unprecedented factory closures at Europe's largest carmaker failed to achieve a breakthrough on Thursday.
UAE trade delegation visits Finland, meets Finnish companies
A UAE delegation headed by the Assistant Minister for Economic and Trade Affairs, Saeed Mubarak Al Hajeri, conducted meetings with prominent companies in Finland during an official visit.
UAE visit to Ireland aims to strengthen science and tech ties
A UAE delegation, led by the Assistant Foreign Minister for Advanced Science and Technology, Omran Sharaf, concluded a two-day visit to Ireland's capital for talks on strengthening science, technology, and trade partnerships.
