Economy

Tue 04-08-2020 13:58 PM FAB issues largest Chinese Yuan denominated dual-listed Formosa bond globally A-AA+ ABU DHABI, 4th August, 2020 (WAM) — First Abu Dhabi Bank, FAB, recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25bn five-year issuance. Despite the …

Since issuing the Operating License in February 2020 for Unit 1 of Barakah Nuclear Power Plant, the Federal Authority for Nuclear Regulation, FANR, has continued its regulatory oversight: starting with fuel loading, testing until reaching the first criticality phase, which is a normal operating condition in the reactor, where energy …

– Start-up is major step in process for upcoming generation of emissions-free electricity – Process undertaken in line with regulatory requirements and highest international standards for nuclear quality and safety ABU DHABI, 1st August 2020 (WAM) – The Emirates Nuclear Energy Corporation, ENEC, today announced that its operating and maintenance …

Fuel prices for the month of August 2020: Super 98: Before: 1.91 AED/L After: 1.91 AED/L Special 95: Before: 1.80 AED/L After: 1.80 AED/L Diesel: Before: 2.06 AED/L After: 2.06 AED/L

Positivity continued to be felt on Monday in the country’s two main bourses, earning the trading companies around AED1.5 bn in market cap, driven by the top bank and realty stocks. In the capital, the main index closed 1.06 percent higher than the last trading session at 4,330 pts. Dubai …

The Abu Dhabi National Oil Company, ADNOC, announced on Monday its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corporation, CNPC, to China National Offshore Oil Corporation’s subsidiary CNOOC Limited. The transfer has been approved by …

A report issued by the Business Registration & Licensing sector of Dubai Economy highlights the most popular areas across the city for setting up new business. As per the report, five areas account for 43.7 per cent of the total new business licences issued during the first half of this …

The Interbank lending rate (EOBOR) has continued to remarkably decline across all terms, with the six-month rate slipping to a several-year-old trough of 0.75 % on July 23rd from 2.2 % early this year, and the one-year term dipping to 1.1 % against 2.28 % during the same reference period, …

dmg events, organiser of the Abu Dhabi International Petroleum Exhibition and Conference, ADIPEC, with the support of its strategic partner and host, the Abu Dhabi National Oil Company, ADNOC, has announced that the ADIPEC Strategic and Technical Conference will take place virtually between 9th and 12th November, 2020. This follows …

Jeff Bezos, the owner of Amazon, added a record $13 billion to his net worth on Monday, Bloomberg reported. According to the Bloomberg Billionaires Index, Bezos’ is now worth $189.3 billion. While the US economy has shrunk due to the coronavirus pandemic, the founder of the online shopping giant has …