Dubai Ruler orders cancellation of all New Year celebrations

His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has ordered the cancellation of all forms of celebrations marking the New Year in Dubai emirate,...

Opec cuts oil output amid falling prices

OPEC agreed to reduce oil production in an attempt to stop falling prices. As the world economy enters into a recession, oil demand has been dropping in the last week. As OPEC only controls 40% of the global oil...

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