ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Decretal Law No.10 of 2018 on Netting, where its provisions shall apply to all qualified financial contracts, netting agreements specified under this law or collateral arrangement, which are entered into by any person in the state. This decretal law does not apply to the ...

Bloomberg Global finance chiefs used the closing sessions of talks in the tropical resort of Bali to hammer home the message that simmering trade tensions are already denting global growth and need to be resolved. Bank of Japan Governor Haruhiko Kuroda said it’s essential to have dialogue on trade; Brazil’s central bank President Ilan Goldfajn flagged the tensions as one ...

ABU DHABI / WAM Adnoc Distribution’s shareholders have approved the Board of Directors’ recommendation to pay an interim dividend of AED735 million, at the company’s General Assembly meeting. Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the Adnoc Distribution Board of Directors, said: “Adnoc Distribution has maintained its com- mitment to a progressive and consistent ...