DUBAI / Emirates Business Emirates National Oil Company (ENOC) announced a record volume of sales of petroleum products of 245 million barrels, reflecting a 5-year rolling average growth of 9 percent, despite the challenging macroeconomic situation. The announcement was made during the Group’s board meeting, which took place on February 2, to discuss 2016 performance, including Dragon Oil, and ...

  ABU DHABI / WAM The total combined assets of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) jumped to AED665.8 billion at the end of 2016, as revealed before the execution of a planned merger during the 1st quarter of the current year. The same financial data showed a rise in their combined deposits to around ...

  Abu Dhabi / Emirates Business Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, announced that its subsidiary Guinea Alumina Corporation (GAC) has awarded an engineering and programme management consultancy contract for its under-construction bauxite mine in the Republic of Guinea in West Africa to Fluor Corporation. The total value of contracts ...