VIENNA, The price of OPEC basket of fourteen crudes rose 26 cents to stand at US$59.54 a barrel on Thursday, 17th October, compared with US$59.28 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made u…

ABU DHABI, Aldar Investment Properties, a 100 percent owned subsidiary of Aldar Properties, announced today the successful placement of fixed-rate US dollar-denominated Sukuk with a tenor of 10 years for a nominal amount of US$500 million.The Sukuk car…

ABU DHABI, Banks operating in the UAE have increased their investments in bonds since the beginning of 2019 to make for losses caused by a fall in proceeds from their other investment instruments, including loans.The value of investments in bonds by ba…

DUBAI, Dubai external trade with Russia has witnessed rapid growth in the past few years, from AED 5.5 billion in 2016 to AED 7.38 billion in 2017 (37 percent) and in 2018 it made AED 9.21 billion, a 25 percent increase compared to 2017.The figures sho…

ABU DHABI, The Producer Price Index increased to 124.6 points in Q2 2019, a growth of 6.6 percent from 116.9 points in the same period last year, according to the Statistics Centre- Abu Dhabi.The key activity that recorded an increase in the IPI during…

VIENNA, The price of OPEC basket of fourteen crudes stood at $58.71 a barrel on Thursday, compared with $58.65 the previous day, according to OPEC Secretariat calculations.The fourteen crudes, from separate OPEC member countries, include a mix of blend…