Recent Posts

Adnoc removes destination restrictions on crude grades

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced that it will remove destination restrictions on its Murban, Upper Zakum, Das and Umm Lulu crude grades, starting from the first traded contract month of the new ICE Murban Crude Oil Futures Contract. The company also confirmed that Adnoc Onshore, the producer of Murban Crude Oil, ...

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AED29bn in cash dividends proposed by 38-listed firms

ABU DHABI / WAM Despite a slower and only marginal improvement in business conditions around the world, to the tune of AED29 billion in cash dividends for 2020 have been proposed to date by 38 companies listed in the UAE capital markets, according to data released by the listed firms. Banks are the largest distributors of profits, with eight Emirati ...

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Mohamed restructures board of Abu Dhabi Housing Authority

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, has issued a resolution to restructure the board of directors of Abu Dhabi Housing Authority, chaired by Falah Mohammad Al Ahbabi. The board members include deputy-chair Saif ...

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