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Iraqi minister denies seeking exemption from Opec+ oil cuts

Bloomberg Iraq hasn’t asked for an exemption from Opec+ limits on the country’s oil output for fear that an increase in production might cause crude prices to fall, Oil Minister Ihsan Abdul Jabbar said, according to state-run newspaper Al-Sabah. The results of the Opec+ coalition’s output-cuts deal have been positive and stabilising for the oil market, given the impact the ...

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ADFD allocates $70m for Albania housing project

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) has approved a grant of AED257 million ($70 million) provided by the UAE government to fund the development of more than 2,000 residential housing units that is part of the urban redevelopment of one Albania’s leading economic centres that sustained major damage from recent earthquakes. This grant supporting the Albanian ...

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Deal signed to drive Abu Dhabi digital transformation strategy

Abu Dhabi / WAM The Abu Dhabi Global Market Academy (ADGMA), the Abu Dhabi Digital Authority (ADDA), and the Abu Dhabi School of Government (ADSG) have entered into a Memorandum of Understanding (MoU) to advance the Abu Dhabi government’s digital transformation agenda and move forward in the emirate’s digital literacy strategy through putting in place curated development programmes. Through the ...

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