DUBAi / WAM The 2019 edition of the Islamic Banking Index by Emirates Islamic demonstrates significant progress made by the Islamic banking sector across parameters, with Islamic banking penetration reaching its highest level since the inception of the Index five years ago. Top-line findings of this year’s milestone edition of index indicate the sector continues to widen its appeal to ...

Bloomberg Oil held near a six-week high as signs of another increase in US crude reaffirmed the prevailing view that global markets are comfortably supplied. Futures added 0.2% in New York after rising 5.6% over the past three sessions. The American Petroleum Institute reported that crude stockpiles increased by 4.26 million barrels last week, according to people familiar with the ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced, on Wednesday, the completion of 12 business partnership majlises, held at the Adnoc HQ during the past two months. These majlises were conducted to forge a deeper relationship between Adnoc and its private sector community, stimulating constructive supplier feedback around Adnoc’s smart-procurement approach to partnership and the company’s ...