ABU DHABI / WAM The value of financial aid provided by the UAE’s federal government and local governments totalled AED19.2 billion in 2018, reflecting the country’s keenness to support its people and strengthen community cohesion. According to statistics from the Ministry of Finance, this aid accounted for five percent of the government’s total financial expenditure in 2018, which amounted to ...

ABU DHABI / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Group CEO of the Abu Dhabi National Oil Company (Ad-noc), and Darren W. Woods, Chairman and CEO of Exxon Mobil Corporation (ExxonMobil), met to explore new opportunities for collaboration in the upstream and downstream sectors, and discuss wider regional and business-related developments of mutual interest. ...

Bloomberg Dubai-based Arqaam Capital Ltd. and Abu Dhabi’s The National Investor are weighing a possible merger, according to people with knowledge of the matter. The investment banks are in talks about a combination that would create an entity with an equity value of about $250 million, according to one of the people, who asked not to be identified because the ...