Bloomberg Oil edged lower as the dollar strengthened, with the steam coming out of a rally that pushed crude to the highest level in 10 months. Futures in New York lost 0.9% as the dollar’s gains reduced the appeal of raw materials such as oil that are priced in the currency. Both West Texas Intermediate and Brent crude are trading ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has issued the lowest-ever yield on any five-year Mena bank USD issuance with a $500 million five-year Sukuk issued at MS+90bps (all-in yield of 1.411 percent) through FAB Sukuk Company Limited. The deal is FAB’s first USD benchmark offering and the first Sukuk issue globally in 2021. This offering was highly ...

Abu Dhabi / WAM The UAE has helped reunite two Jewish Yemeni families with their relatives whom they have not seen for decades. The first family of 15 members, were reunited in Abu Dhabi after UAE authorities facilitated the travel of family members from both Yemen and London. Yitzhak Fayez, 35, told the Emirates News Agency (WAM) that he had ...