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Mohamed orders distribution of houses, land plots to citizens

  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, has ordered the distribution of 365 houses and 5,463 plots of land to citizens in Abu Dhabi, Al Ain and the Western Region. The move is in implementation of the directives of President ...

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Japan imports 21mn barrels of oil from UAE

  TOKYO / WAM Japan imported 21.326 million barrels of crude oil from the United Arab Emirates in October 2016, data released by the Agency of Energy and Natural Resource in Tokyo showed. This accounts for 22.5% of Japan’s total crude imports, the agency, part of the Ministry of Economy, Trade and Industry, said. Saudi Arabia provided 39.123 million barrels, ...

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ADIB repays $500 million sukuk

  ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) announced that it had repaid in full a US$500 million Islamic bond or sukuk from its own resources, reflecting what it said was its strong liquidity position amid difficult market conditions. The sukuk matured on November 30. The five-year sukuk, which were listed on the London Stock Exchange, were more ...

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