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Opec+ keeps output steady on China, Russia uncertainty

Bloomberg An Opec+ committee recommended keeping crude production steady as the oil market awaits clarity on demand in China and supplies from Russia. Saudi Arabia and its partners will continue to hold output at levels set late last year, when they announced a hefty cutback of 2 million barrels a day to balance markets amid a fragile economy, according to ...

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Agthia group posts 14% rise in 2022 net profit

  Abu Dhabi / WAM Agthia group PJSC announced preliminary and unaudited results for the fiscal year ending December 31, 2022, reporting a rise of 14% year-on-year (YoY) in net profit to AED247 million. According to its report, the group’s net revenue increased 33% YoY to AED4.07 billion, with growth of 97% on a two-year basis. Revenue growth from our ...

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UAE, Ireland to stimulate mutual investments in emerging sectors

Abu Dhabi / WAM Abdullah bin Touq Al Marri, Minister of Economy, has highlighted the strong and solid relations shared between the UAE and Ireland with Dara Calleary, Irish Minister of State for Trade Promotion and Digital Transformation. In a meeting with Calleary – during the Irish government trade mission visit to the UAE – Al Marri said that these ...

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