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.

World Bank approves $1.1 billion emergency financing for Bangladesh
Abu Dhabi partners with Boehringer Ingelheim to advance precision medicine
H.H. Sheikh Ahmed approves launch of business media platform
Saudi Aramco resumes oil loading at Ras Tanura after 4-month halt