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Crude Oil, Oil Price falls to $81
Oil fell near $81 a barrel on Monday as investors took profits from near-record highs of last week. But a weak dollar helped check losses sparked by worries of an economic slowdown in top consumer the United States.
U.S. crude lost 63 cents to $81.03 by 11:37 a.m. EDT, having sunk more than $1 to $80.59 [...]
Dubai Plans to Revive Pearl-Produced Past as Popularity Rises
Dubai plans to revive its pearl- producing past by restoring the industry that once was a mainstay of the economy before oil fuelled the emirate’s present-day wealth.
The Dubai Multi Commodities Centre is in negotiations with partners from Australia and Japan to cultivate pearls anew in the sheikhdom, Tawfic Farah, executive director for Diamonds and Coloured [...]
