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Abu Dhabi banks’ investments in debt securities hit AED19bn

ABU DHABI / WAM Statistics from the Central Bank of the UAE showed that the investments of Abu Dhabi banks in debt securities in the first nine months of 2020 amounted to AED19 billion, contributing to an increase in the cumulative balance of this type of investment to AED201.5 billion at the end of September 2020. Investing in securities is ...

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Iraq to honour Opec oil-cut decisions as exports surge

Bloomberg Iraq will remain committed to Opec’s decisions on oil output as it nudges crude exports higher in December. The country will export 2.8 million barrels a day this month, Oil Minister Ihsan Abdul Jabbar said Sunday, up from 2.7 million in November. It will start shipping a new medium grade of its flagship Basrah crude in January and try ...

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Abu Dhabi to establish community awareness centre

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi emirate, has issued the law number 22 of 2020, establishing Abu Dhabi Community Legal Awareness Centre, affiliated with the Abu Dhabi Judiciary Department. The centre will raise awareness of potential risks associated with inappropriate behaviour that violates the values ...

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