Local energy experts are sceptical whether or not the new deal by Organisation of Petroleum Exporting Countries (OPEC) will stick. On Wednesday, the OPEC agreed to the first cut in oil output in eight years. The move, which is aimed at boosting the price of oil, will see production cut by about 1.2 million barrels a day from January. Ed Bell, Commodities Analyst for Emirates NBD, is wary of OPEC members adhering to the deal.
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Silal, National Agricultural Centre partner to boost UAE food security
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Alabbar shares he has 'no concerns' on UAE property market
Emirati businessman Mohamed Alabbar has stated that he has "no concerns" about the property market in the UAE amidst the ongoing regional developments.
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