ABU DHABI / WAM Abu Dhabi’s non-oil exports and re-exports reached AED32.8 billion between June and August 2020, up 62.5 percent compared to AED20.2 billion recorded between March and May this year, a report issued by the Abu Dhabi Department of Economic Development (ADDED) showed. The report reveals the emirate’s exports and re-exports of non-oil goods amid the coronavirus pandemic, ...

ABU DHABI / WAM The Non-performing Debt Relief Fund announced on Monday that 12 banks had waived the debts of 1,607 Emirati citizens, with a total value of more than AED869.85 million. The banks that participated included First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Al Hilal Bank, Mashreq Bank, Emirates NBD, Abu Dhabi Islamic Bank, Standard Chartered, RAKBANK, Commercial ...

Bloomberg Opec ministers started hashing out the size of the cartel’s oil-production cuts for next year, as the group’s president called for caution in a fragile market. The coalition that pumps half the world’s crude is debating whether to maintain supply at current levels or increase it as planned in January. Some members are concerned that global markets remain too ...