Bloomberg Oil reached its highest level since March as the start of the US presidential transition process buoyed broader markets and a string of positive Covid-19 vaccine news continued to support the demand outlook. Futures rose to their highest since March in New York, alongside the back-end of the forward curve strengthening markedly into backwardation. The structures of both WTI ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced on Tuesday that it has signed a Memorandum of Understanding (MoU) with the Sharjah Investment and Development Authority, Shurooq, with aims to foster bilateral cooperation and to provide advanced, innovative services and facilities development to the business community in the UAE. During the signing the ceremony, Mohammed Ali Al Shorafa ...

Abu Dhabi / WAM The UAE has strongly condemned the cowardly attack by the Iranian-backed terrorist Houthi militia on a fuel tank at a petroleum products distribution station in Jeddah, Saudi Arabia. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) renewed its full solidarity with Saudi Arabia regarding these terrorist attacks, and its firm standing with the Kingdom against ...