Bloomberg Iraq plans to cut oil output in January and February to make up for breaching its Opec+ quota last year, according to the state company that markets the nation’s crude. Opec’s second-biggest producer will pump around 3.6 million barrels daily for the two months, according to Ali Nizar, the deputy head of SOMO. That compares with around 3.85 million ...

Abu Dhabi / WAM Shuaa Capital on Sunday announced the first dividend for investors in two of its Sharia-compliant funds, offering a 1 percent cash dividend for the fourth quarter of 2020. The dividend is first dividend from the funds and within three months of their launch and translates to a 6.4 percent dividend yield for the investors. The Nujoom ...

ABU DHABI / WAM The World Muslim Communities Council has commended the pioneering step through which the United Nations General Assembly adopted, unanimously, the project presented by Saudi Arabia, Egypt and Morocco, and supported by many brotherly and friendly countries, to promote a culture of peace and tolerance to protect religious sites. The Council expressed its pride and deep appreciation ...