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), Zafiro
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 flow
ABU DHABI, UAE banks provided AED16.5 billion in loans in Q1-2020 to the industrial and business sectors, bringing to circa AED818.8 .1 bn the total credit facilities obtained by the two sectors during the period from January to March 2020, compared to AED 802.2 bn in the last quarter of
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.
ABU DHABI, The UAE has announced its support for the ministerial statement issued by the World Trade Organisation, WTO, on trade policies, under the framework of the fight against the coronavirus, COVID-19, pandemic. The ministerial statement supports the vital role of the WTO as it monitors trade-related measures implemented by
DUBAI, The Commercial Compliance & Consumer Protection, CCCP, sector in Dubai Economy has implemented a new inspection campaign for shops and commercial establishments during the current phase of market reopening in the emirate. In a statement by the authority on Wednesday, inspections held earlier this week showed a high level
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 ground
ABU DHABI, The Abu Dhabi National Oil Company, ADNOC, today announced its Panorama Digital Command Centre, Panorama, has generated over $1 billion (AED3.67 billion) in business value since its inception three years ago. Panorama is a key part of ADNOC’s ongoing strategic investments in digitisation and artificial intelligence, AI, to