Dubai / WAM Union Properties announced on Tuesday its financial results for the three-month period ended on September 30, with a net profit of AED509.2 million (approximately 12 fils per share), while the profit for the nine-month period of the current year reached to AED348.8 million (approximately 8 fils per share). With these realised profits, the group has cleared all …

Bloomberg The oil market will suffer a long-lasting blow from the coronavirus, with demand taking years to recover and peaking at a lower level, the International Energy Agency (IEA) said. After an unprecedented 8% drop this year, global oil consumption will return to pre-crisis levels in 2023, provided Covid-19 is brought under control next year, the Paris-based agency said on …

Bloomberg SSE Plc rose after it agreed to sell its 50% stakes in two energy from waste ventures as part of its plan to focus on renewable generation. The Scottish utility will sell its holdings in Multifuel Energy Ltd and Multifuel Energy 2 Ltd to the European Diversified Infrastructure Fund III, a fund managed by First Sentier Investors, for a …