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Oil falls on caution over demand recovery

 Oil prices fell on Thursday on demand concerns driven by cautious views from OPEC+ producers and the U.S. Federal Reserve regarding economic recovery from the coronavirus pandemic. Brent crude LCOc1 was down 46 cents, or 1%, at $44.91 a barrel at 1159 GMT, and West Texas Intermediate...

US blacklists UAE firms for supporting Iran airline

The US Treasury placed two United Arab Emirates-based companies on its sanctions blacklist Wednesday for their support of already-sanctioned Iran's Mahan Air. UAE-based Parthia Cargo and Delta Parts Supply FZC "have provided key parts and logistics services for Mahan Air," the Treasury...

High-tech farmers sow seeds of revolution in Dubai desert

An ultra-modern vertical farm in the middle of the desert stands as a testament to Dubai's determination to spark a "green revolution" to overcome its dependence on food imports. Al-Badia market garden farm produces an array of vegetable crops in multi-storey format, carefully controlling...

China slams US 'abuse' over new Huawei sanctions

Beijing on Tuesday hit out at new US sanctions against telecom giant Huawei, accusing Washington of an "abuse of national power" to block the rise of Chinese companies. A US Commerce Department statement Monday barred an additional 38 Huawei affiliates from buying American computer chips...