Abu Dhabi / WAM Net international reserves in the UAE grew 1.1 percent during August this year to AED353.15 billion from AED349.25 billion in July, according to the statistics shown by the central bank of UAE. The balance of foreign securities, and other foreign assets increased to AED12.66 billion and AED32.43 billion, respectively during the same month. When a country ...

Bloomberg Oil steadied as Saudi Arabia vowed that Opec and its partners will do what’s necessary to balance the market. The Organisation of Petroleum Exporting Countries (Opec) will “nip negative trends in the bud” as uncertainty in the energy market persists, Saudi Oil Minister Prince Abdulaziz Bin Salman said at group’s Joint Ministerial Monitoring Committee meeting. At the same time, ...

Abu Dhabi / WAM Hub71 and the Saudi Ministry of Communications and Information Technology’s (MCIT) Digital Innovation Centre struck a new strategic partnership to increase collaboration that drives digital innovation and tech entrepreneurship between the UAE and Saudi Arabia. The three-year agreement aims to foster international knowledge exchange and talent growth in the UAE and Saudi Arabia, in addition to ...