Paris / AFP World oil prices are unlikely to rise from current levels before 2017, and even then their recovery will be slow as massive oil stocks feed into the market, the IEA said on Monday. “We must say that today’s oil market conditions do not suggest that prices can recover sharply in the immediate future—unless, of course, there is ...

Abu Dhabi / Emirates Business Ahli Bank Q.S.C. (Ahlibank) announced that Moody’s has assigned it an A2/Prime-1 deposit ratings and a baa3 baseline credit assessment. Moody’s Investors Service has assigned long and short-term, local and foreign currency deposit ratings of A2/Prime-1 to Ahlibank and a Baseline Credit Assessment (BCA) of baa3. The long-term deposit ratings carry a stable outlook. Moody’s ...

Dubai / Emirates Business Ensuring a secure salary transfer system to the corporates in the UAE, UnionPay International has launched region’s first EMV prepaid salary cards. Through these cards, banks in the UAE can now offer workers secure and advanced payment services conforming to the country’s Wage Protection System (WPS), at economic costs. UnionPay International is a global provider of ...