The price of OPEC basket of thirteen crudes stood at US$113.04 a barrel on Thursday, compared with US$110.83 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), […]Read More
The Sharjah Investment and Development Authority (Shurooq), under the umbrella of the Sharjah Commerce and Tourism Development Authority (SCTDA), has announced its fifteenth consecutive participation at the Arabian Travel Market (ATM) taking place at the Dubai World Trade Centre from May 9 – 12. The authority will also be present at their online event, ATM […]Read More
Expo 2020 Dubai awarded AED 6.8 billion of contracts to small and medium-sized enterprises (SMEs), providing a significant contribution to a vital sector of Dubai’s vibrant economy and exceeding a commitment made in 2016 to award at least 20 percent of all direct and indirect spend to SMEs. The figure represents more than a quarter […]Read More
Abu Dhabi Commercial Bank PJSC (ADCB) delivered a solid performance in the first quarter of 2022, despite ongoing global uncertainty, recording a net profit increase of 32 percent year-on-year (YoY) to AED 1.483 billion – equivalent to a return on average tangible equity of 12.6 percent. According to its financial results which it released today, […]Read More
Muhammad Ali Al Janahi, Acting Director-General of the Ajman Chamber of Commerce and Industry (ACCI), has confirmed that the Ajman Chamber has increased its new members from establishments during 2021, which reflects the Chamber’s efforts in promoting Ajman’s economic fundamentals and investment opportunities available in various sectors, strengthening global relations to attract new investors, and […]Read More
The price of OPEC basket of thirteen crudes stood at US$100.12 a barrel on Thursday, compared with US$106.13 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 (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basra […]Read More
The Saudi Arabian Oil Company (Saudi Aramco) has announced its full-year 2021 financial results, reporting that its net income saw increased to US$110 billion in 2021, compared to US$49 billion in 2020. The increase in net income reflects higher crude oil prices, stronger refining and chemicals margins, and the consolidation of SABIC’s full-year results. In […]Read More
The UAE accounts for 77% of GCC investments in Latin American markets between 2016 and 2021, the latter of which amounted to $4 billion over the same period, according to a new whitepaper released by Dubai Chamber of Commerce in collaboration with Economist Impact. The report, entitled Cultivating Ties: Deepening trade and investment between Latin […]Read More
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, today met with Evan Spiegel, Co-Founder and CEO of Snap Inc, the leading US-based social media company that owns the popular messaging app Snapchat. In his discussions with the CEO of Snap Inc, His […]Read More
The price of OPEC basket of thirteen crudes stood at US$117.23 a barrel on Thursday, compared with US$128.46 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 (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basra […]Read More
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