Bloomberg Abu Dhabi’s economic growth will average 2.5 percent in the four years through 2022 as it benefits from higher oil production and prices, S&P Global Ratings estimated. Abu Dhabi’s economy derives 50 percent of its real gross domestic product (GDP) and more than 90 percent of the central government revenue from the hydrocarbon sector, the ratings company said in ...

ABU DHABI / WAM As part of this year’s Ramadan campaign, 5,000 volunteers of the Emirates Foundation, an independent organisation set up by Government of Emirate of Abu Dhabi to facilitate public-private funded initiatives to improve welfare of youth across the UAE, completed some 25,000 volunteer hours during the Holy Month of Ramadan. This came as part of the Takatof ...

Bloomberg Russia’s average daily oil output in May fell below its Opec+ target for the first time this year after buyers refused to take exports via Druzhba, the nation’s key pipeline to Europe, because of contamination. The country produced just more than 47 million ton-nes of crude oil and condensate in May, according to preliminary data from the Energy Ministry’s ...