Annual trade between Israel and the United Arab Emirates is expected to reach $4 billion, an Israeli minister said Monday. Israel and the UAE announced in August they would normalize diplomatic relations in a deal brokered by Washington. The UAE has since announced it was scrapping an...

First Abu Dhabi Bank plans to restart talks to buy the Egyptian business of Lebanon’s Bank Audi, two sources familiar with the matter said. FAB, the United Arab Emirates’ biggest lender, will have an internal meeting this week to decide on a way to resume negotiations and put in a final...

Oil futures dropped on Friday, with prices on both sides of the Atlantic heading for their biggest weekly declines since June, as lacklustre demand and ample fuel supplies offset support from a weaker dollar. Brent crude LCOc1 fell 33 cents, or, 0.8% to $43.74 a barrel by 0630 GMT. The...

Oil prices extended losses on Thursday, falling by more than 2% to their lowest point since early August, as worries about weaker U.S. gasoline demand and a sluggish economic recovery from the COVID-19 pandemic dented sentiment. Brent crude LCOc1 fell $1, or 2.25%, to $43.43 a barrel by...