There's good news for energy firms in Abu Dhabi.
They can now get instant licencing services through the capital's 'Tamm' government system.
Authorities said licences will be issued to eligible businesses within one working day.
The Abu Dhabi Department of Energy (DoE) and Abu Dhabi Digital Authority (Adda) said the move is part of efforts to make it easier to do business in the capital.
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Standard Chartered Bank has clarified that reports of staff being evacuated from its Dubai offices are inaccurate.
IEA proposes record release of strategic stocks in response to Iran war oil price surge
The International Energy Agency (IEA) on Wednesday recommended the release of 400 million barrels of oil, the largest such move in its history, to try to restrain soaring crude prices amid the U.S.-Israeli war with Iran.
H.H. Sheikh Hamdan highlights economic resilience at Dubai Majlis
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, attended a specially convened Dubai Majlis to discuss strategies to reinforce economic resilience.
Oil sinks 11% as Trump predicts Middle East de-escalation
Oil prices plummeted by more than $10 a barrel on Tuesday after soaring to an almost four-year high in the previous session after U.S. President Donald Trump predicted the war in the Middle East could end soon, lowering expectations of prolonged disruptions to oil supply.
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