Abu Dhabi / WAM Fitch Ratings (Fitch) has affirmed Adnoc Group a standalone credit rating of AA+. According to Fitch, the rating reflects Adnoc’s high upstream production and vast oil reserves, very low cost of production, integration into downstream operations, very conservative financial policies, high financial flexibility and low leverage, and its strong unit profitability. In line with its Government-Related ...

DUBAI / WAM Emirates has announced that it will be operating its flagship Airbus A380 aircraft on the Dubai — Sao Paulo route between January 9 and January 30, 2021. The Emirates A380 will be deployed four times weekly to Sao Paulo in response to the summer season increase in demand for travel to and from Brazil. This will be ...

DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, issued AED420 million worth of trade credit support to the small and medium enterprises (SMEs) from January to November 2020, which translates to AED1 billion non-oil trade insured turnover, as it carries out its mandate of accelerating the UAE’s non-oil economy and ensuring business continuity. Mirroring its ...