ABU DHABI / WAM Awaidha Murshed Al Marar, Chairman of the Abu Dhabi Department of Energy (DoE) said that encouraging investment in the energy sector is one of the department’s strategic priorities. In an interview with the Emirates News Agency (WAM) Al Marar said that the department has adopted a series of measures during the coronavirus crisis that has ensured ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25bn five-year issuance. Despite the GCC-wide public holiday, FAB was able to attract a high quality international orderbook of more than CNH 3.6 billion, which enabled it to upsize its target issuance from CNH ...

Bloomberg Oil dropped towards $40 a barrel in New York after the biggest gain in two weeks as investors weighed additional Opec+ supply hitting the market against signs of a recovery in major economies. Opec’s crude output rose last month, led by Saudi Arabia, ahead of the group and its allies relaxing their historic cuts this month, according to a ...