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Sheikh Mohamed, Putin discuss bilateral relations

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Russian President, Vladimir Putin discussed bilateral relations and ways to enhance them in various fields as part of the existing strategic partnership between the two friendly countries. In a phone call, His Highness ...

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Opec+ to boost oil output next month, sees demand recovery

Bloomberg The Organisation of Petroleum Exporting Countries (Opec) and its allies will restore some oil supplies next month, but the impact will be “barely felt” as demand recovers from the coronavirus crisis, said Saudi Arabia’s Energy Minister. After almost three months of historic output curbs to offset the worst effects of the global pandemic, the 23-nation coalition led by Riyadh ...

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UAE’s Julphar rights issue oversubscribed 2.3 times

RAS AL KHAIMAH / WAM Gulf Pharmaceutical Industries (Julphar) announced on Wednesday that its AED500 million ($1.36 million) rights issue was successfully completed and more than two times oversubscribed. According to a press release issued by Julphar on Wednesday, the company will use the net proceeds of the rights issue to support the implementation of its growth plans, repay existing ...

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