Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, hosted a high-profile delegation from the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC), to coordinate efforts in achieving the objectives of the UAE Foreign Aid Strategy, 2017-2021. The opening session was chaired by Mohammed Saif Al Suwaidi, Director-General of the ADFD, ...

Bloomberg Exxon Mobil Corp.’s deal in January for a swath of Permian Basin drilling real estate came with a sweetener for the sellers. The heirs of oil tycoon Perry Bass will get $1 billion in cash by 2032 — if drilling goes well for Exxon. That payout would be on top of the $5.6 billion in Exxon shares the Bass ...

Bloomberg An obscure gasoline additive could lead to a windfall of more than $6 billion for struggling US oil refiners. There’s just one hurdle: the Internal Revenue Service. Fuel makers are examining whether their occasional use of butane — a liquefied petroleum gas — qualifies for a big tax credit under a now-expired law that was intended to promote the ...