ABU DHABI / WAM UAE Minister of State and Abu Dhabi National Oil Company (Adnoc) Group CEO, Dr Sultan Ahmed Al Jaber commented on market developments, noting that the UAE oil company is set to supply the market with over four million barrels of oil per day in April this year. In a statement, Dr Al Jaber said, “Today, as ...

Bloomberg The World Health Organisation (WHO) declared the coronavirus outbreak a pandemic, saying cases outside China have risen 13-fold. The US’s top infectious-disease specialist told lawmakers the pathogen is 10 times more deadly than the seasonal flu. Britain announced a $39 billion stimulus package, hours after the Bank of England cut interest rates. German Chancellor Angela Merkel pledged to do “whatever ...

DUBAI / WAM Emirates Islamic announced that its net profit increased by 15%, reaching AED1.061 billion in 2019, the highest ever in the bank’s history. A review of the year ended December 31, 2019 was presented at the General Assembly Meeting of the bank, where it was announced that total income increased by eight percent to AED2.7 billion, and financing ...