Abu Dhabi / WAM Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Executive Council of Abu Dhabi has ordered the disbursement of housing loans worth AED2.78 billion to 1,976 ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Monday its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corporation (CNPC) to China National Offshore Oil Corporation’s subsidiary (CNOOC) Limited. The transfer has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC) ...

Bloomberg Oil edged lower after a weekly gain as investors weighed worsening relations between Washington and Beijing and the prospect of more supply against a weakening dollar and signs the virus is easing in the US. Futures in New York fell toward $41 a barrel after rising 1.7% last week. Chinese authorities took over the US consulate in Chengdu on ...