Fujairah / WAM Oil product stockpiles at the UAE’s Fujairah port rebounded from a 13-month low, with middle distillates expanding to near the record high set in June. Inventories as of November 2 were at 20.243 million barrels, up 9.6% from a week earlier, according to data released on Wednesday from the Fujairah Oil Industry Zone. Stocks of jet fuel, ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday met with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. During the meeting, both sides discussed several national issues related to ...

Dubai / WAM Dr Bernd van Linder, Chief Executive of Commercial Bank of Dubai (CBD) rang the market-opening bell at Nasdaq Dubai on Wednesday to celebrate the listing of a $600 million AT1 conventional bond. The six-year bond with a 6 percent interest rate was 2.1 times subscribed, and allocated to investors in the Middle East (61%), Europe (24%) and ...