Dubai / Reuters Abu Dhabi National Oil Co (ADNOC) plans to launch a share sale of a stake in its network of fuel service stations and retail convenience stores in December, sources told Reuters on Sunday. The listing for ADNOC Distribution comes as Abu Dhabi and other Gulf states seek to privatise energy assets. Sources told Reuters in September that ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, reiterated that the UAE stands firmly and resolutely with Saudi Arabia in confronting all challenges targeting its security and stability. He condemned in the strongest terms the firing of a ballistic missile towards the ...

Dubai / Emirates Business Commercial Bank International (CBI) announced its financial results for the nine months ended September 30. The net profit increased 4% year on year to AED33 million in Q3 this year, while year to date net profit totalled AED 86 million. The net interest income increased by 13% to AED 145 million from AED 128 million in ...