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Oil hits two-week high on supply, Mideast concerns

Bloomberg Oil climbed to its highest level in more than two weeks as strong summer demand in the US continued to drain stockpiles. Futures rose as much as 1.3% after the Energy Information Administration reported American crude inventories fell by 8.5 million barrels last week, a seventh straight decline that was higher than all industry and analyst estimates. Stockpiles of ...

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Abu Dhabi, Kenya ink deal to boost cooperation in sustainable finance

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), has expanded its sustainable finance outreach to Kenya. The Financial Services Regulatory Authority (FSRA), of ADGM and the Capital Markets Authority (CMA), of Kenya entered into a Memorandum of Understanding on Wednesday to enhance cooperation in sustainable finance in each other’s markets. Paul Muthaura, Chief Executive of CMA, and Philippe Richard, Executive Director-International ...

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Mohamed, Pakistan PM discuss bilateral relations over phone

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received a phone call from Prime Minister Imran Khan of Pakistan. During the call, Sheikh Mohamed bin Zayed and the Pakistan PM discussed ties between the two countries and ways to further develop ...

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