Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), has announced its plan to deposit $250 million into the Central Bank of Sudan (CBOS), to secure increased liquidity and strengthen the financial position of Sudan. The deposit falls within the framework of the newly announced $3 billion (AED11 billion) UAE-Saudi Arabia joint aid package for Sudan that has committed $500 ...

Bloomberg Exxon Mobil Corp’s worst refining performance in almost two decades may revive questions about the so-called integrated model engineered by founder John D. Rockefeller and espoused by every CEO in the company’s 149-year history. A surprise loss in a business line Exxon typically relies on to prop up more volatile units eroded first-quarter profit and cast doubt on the ...

Bloomberg Total SA boosted cash flow in the first quarter as record hydrocarbon output and so-aring sales of liquefied natural gas compensated for a drop in crude prices. The French energy giant’s earnings are the latest sign of the industry’s recovery from a deep downturn, with Total benefiting from the start of giant LNG projects from Australia to the Arctic ...