Here are the top seven business stories you need to know today.
Dubai Parks and Resorts opens this week
Starting with Legoland and Riverland, the Dubai Parks and Resorts, set to be the largest theme park destination in the Middle East, will open later this week.
His Highness Sheikh Mohammed bin Rashid al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, paid the site a visit on Saturday to inspect the finishing touches before it opens to public.
OPEC and non-OPEC members fail to agree, again
Major oil producers around the world failed to reach an agreement on output cuts following marathon talks this Saturday in Vienna. This failure threatens the survival of an earlier deal agreed last month to ease oversupply in the market.
The High Level of Committee of experts will meet again in Vienna on November 25, ahead of the next OPEC ministers’ meeting, scheduled for November 30.
Drones temporarily halt Dubai and Sharjah airports
Drones reportedly entered maximum-security airspace at the Dubai International Airport and Sharjah International Airport, causing operations to be suspended for nearly 90 minutes.
This marks roughly the third time a drone has entered the air space at the Dubai International Airport.
The end of Vine
Twitter Inc announced that it is discontinuing its video-sharing app, Vine, which it launched in 2013, amid a move cut nine per cent of its workforce going into 2017.
“Since 2013, millions of people have turned to Vine to laugh at loops and see creativity unfold. Today, we are sharing the news that in the coming months we’ll be discontinuing the mobile app,” a statement from Twitter read.
However, the company stated that it will keep the website online, for now.
Russia loses re-election bid to UN Human Rights Council
Russia failed to win a re-election at the United Nations Human Rights Council, beaten by Hungary and Croatia for seats from Eastern Europe, following lobbying efforts against Moscow’s candidacy due to its military support to Syria.
Barcelona Football Club and Qatar Airways extend sponsorship contract
Members of the Barcelona football team have voted in agreement to extend their club’s sponsorship and association with Qatar Airways. The decision was reportedly passed with 483 votes in favour, 251 against and 60 absentees.
Clinton email probe resurfaces as FBI announces review
The FBI announced the reopening of an investigation into emails belonging to US presidential nominee Hillary Clinton after she had used a private email system, a move that could damage her campaign just 11 days before the election results will be announced.