Mother of the Nation Endowment for Orphans’ initiative raises AED3.3bn during Ramadan; launches AED1 bn ‘Mother of the Nation City’ project
UAE sends 30 tonnes of food aid to support drought-affected communities in Kenya
UAE provides urgent relief to support flood-affected communities in Mozambique
UAE signs cooperation agreement with UN World Food Programme to support humanitarian efforts in sudan
Oil Rises over 1% Amid Supply ConcernsSingapore, 22 Oct (ONA) — Oil prices rose by more than one percent today, extending gains for the second consecutive day, amid a mix of supply risks linked to sanctions and hopes for progress in US-China trade talks. Brent crude futures climbed 94 cents, or 1.5%, to $62.26 a barrel, while US West Texas Intermediate (WTI) crude futures rose 92 cents, or 1.6%, to $58.16. Oil rebounded from a five-month low recorded on Monday, driven by increased output from producers and the impact of trade tensions on demand. On Tuesday, the US Department of Energy announced that it is looking to purchase one million barrels of crude oil to refill the Strategic Petroleum Reserve, aiming to take advantage of relatively low oil prices to help replenish stockpiles.— Ends/Khalid
