Bloomberg Opec+ agreed to maintain its schedule of gradual monthly production increases, triggering a surge in crude prices. Ministers ratified the 400,000 barrel-a-day supply hike scheduled for November after a short video conference on Monday. Going into the talks, there had been speculation that they could opt for a larger supply increase, but no such proposal was made, delegates said, ...

NEW YORK / WAM A UAE delegation, headed by Salem Mohammed Al Zaabi, Director of International Security Cooperation at the Ministry of Foreign Affairs and International Cooperation, participated in the high-level side event on Sudan, convened by the UN and the Government of Norway on the margins of the 76th session of the United Nations General Assembly. In attendance were ...

ABU DHABI / Emirates Business Emirates Development Bank (EDB), fully owned by the UAE Federal Government and a key financial enabler of the country’s economic diversification and industrial transformation agenda, announced the signing of cooperation agreement with Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), to boost the export potential of national businesses ...