Kuala Lumpur / WAM The Emirates Defence Companies Council (EDCC) discussed prospects of joint cooperation and exchange of knowledge with the Korea Defence Industry Association (KDIA) on the sidelines of its participation in the Defence Services Asia (DSA) Exhibition 2018, in the Malaysian capital, Kuala Lumpur. A KDIA delegation, headed by Yung Ho Kim, Vice Chairman of the KDIA, visited ...

Bloomberg OPEC and Russia will meet in Saudi Arabia this week after all but banishing a global oil glut. While looming political crises threaten to tighten supplies further, the group seems determined to keep its cuts in place. Almost 16 months of output curbs by the Organization of Petroleum Exporting Countries and its partners have seen crude rally to a ...

ABU DHABI / WAM Abu Dhabi National Energy Company, also known as Taqa, raised $1.75 billion in a two-tranche dollar denominated bond issue that was 4.7 times oversubscribed. The two tranches consisted of bonds with maturities of seven years with a coupon of 4.375 percent, and bonds with maturities of 12 years with a coupon of 4.875 percent. The issue ...