Bloomberg Oil traded near a six-month low as the prospects of a tight global market at the end of the year further receded after the US softened the restart of sanctions against Iran. Crude advanced 0.6 percent in New York. Sanctions against Iran were reimposed on Monday, though eight countries were allowed to continue temporarily buying some crude from the ...

Emirates Business Shuaa Capital reported its financial results for the quarter ended on September 30, with AED30.1 million in net profits, up 31% year on year, the group’s highest quarterly figure since 2008. Year to date, net profits stood at AED56.4 million (YTD 2017: net profit of AED 59.8 million). The group’s asset management business line saw a 35% increase ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) said it is launching a new FAB Islamic logo inspired by FAB brand identity, and that its wholly- owned subsidiary Abu Dhabi National Islamic Finance, changed its legal name to First Abu Dhabi Islamic Finance. Fahad Al Shaer, CEO of First Abu Dhabi Islamic Finance, said, “Since we laun-ched our company ...