OPEC has agreed to cut oil production for the first time in eight years. The announcement came as the trading bloc, of which the UAE is a member, battles a weak market and a global glut of crude. It was proposed to reduce output to between 32.5 and 33 million barrels per day. Details of the deal, including targets for each country, are still to be finalised.
China's ByteDance signs deal to form joint venture to operate TikTok US app
TikTok's Chinese owner, ByteDance, has said it has signed agreements with three major investors to form a joint venture to operate TikTok's US app led by American and global investors on Thursday.
India reviewing allegations of antitrust breaches by IndiGo
India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.
DXB and DWC boost winter schedules with new routes
Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.
Amazon in talks to invest in OpenAI
Amazon.com Inc is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.
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