VIENNA, The price of OPEC basket of thirteen crudes stood at US$26.54 a barrel on Friday, 15th May 2020, compared with $24.93 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), ZafiroContinue Reading

ABU DHABI, ADNOC Distribution, the UAE’s largest fuel and convenience retailer, announced on Tuesday its first quarter 2020 financial results, recording an underlying EBITDA of AED629 million, a growth of 4.7 percent. In a statement, the company noted net profit was AED 400 million for the quarter and cash flowContinue Reading

ABU DHABI, Agthia Group today announced its financial results for the first quarter of 2020, registering total revenues of AED571 million, a 12 percent year-on-year growth compared to the same period in 2019. In a statement on Sunday, Agthia registerd net profits of AED27 million as of 31st March 2020.Continue Reading

ABU DHABI, The UAE Dirham has appreciated against the currencies of top 10 non-dollarised import partners by 1.8 percent in 2019, according to Central Bank of the UAE statistics. These partners account for around 51.4 percent of the UAE’s total imports. In the meantime, the UAE currency gained more groundContinue Reading