ABU DHABI / WAM Driven by powerhouse realty and bank shares, the listed companies in UAE financial markets posted combined gains of AED15.8 billion ($4.30 billion) in market cap on the first trading day of the month. Abu Dhabi’s main stocks index was up 0.45% to 4,324 points on Monday, driven by gains by some of blue chips, with DFM’s ...

Dubai / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, announced the introduction of two new destinations — Kabul in Afghanistan and Dhaka in Bangladesh with direct flights from Abu Dhabi commencing on August 7. Air Arabia Abu Dhabi was formed following an agreement by Etihad Airways and Air Arabia to establish the capital’s first low-cost carrier that ...

Bloomberg Oil edged below $40 a barrel in New York as Opec and allied producers started supplying more crude to a global market where many countries are still struggling to contain the coronavirus. Opec+ will pump about 1.5 million barrels more this month than in July as it starts to unwind its historic virus-driven output curbs, with Russia already having ...