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Enoc Group wins ‘Sword of Honour’ award

DUBAI / WAM The Enoc Group has won the prestigious “Sword of Honour” award from the British Safety Council. The Enoc Group received the accolade for excellence in managing health and safety risks at work, making it one in 66 organisations worldwide to have achieved this prestigious recognition. The Group has been recognised for its efforts towards ensuring health and ...

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Iraq to lower oil production to compensate for Opec breach

Bloomberg Iraq plans to cut oil output in January and February to make up for breaching its Opec+ quota last year, according to the state company that markets the nation’s crude. Opec’s second-biggest producer will pump around 3.6 million barrels daily for the two months, according to Ali Nizar, the deputy head of SOMO. That compares with around 3.85 million ...

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Shuaa’s Nujoom funds announce first dividend

Abu Dhabi / WAM Shuaa Capital on Sunday announced the first dividend for investors in two of its Sharia-compliant funds, offering a 1 percent cash dividend for the fourth quarter of 2020. The dividend is first dividend from the funds and within three months of their launch and translates to a 6.4 percent dividend yield for the investors. The Nujoom ...

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