Bloomberg Oil dipped in tandem with a risk-off move in US equities as investors await a clear signal on supply amid expectations for a build in stockpiles. Futures in New York declined as much as 1.4% on Tuesday. Equities across the US, Europe and Asia weakened with investors laser-focused on corporate earnings results as an indication of the economic damage ...

Dubai / WAM The Islamic Arab Insurance Company PSC (Salama) has received all necessary regulatory and internal approvals to increase Foreign Ownership Limit (FOL) from 25 percent to 49 percent as per Securities and Commodities Authority (SCA) Certificate. A company statement posted on Dubai Financial Market (DFM) website, said Salama has contacted Dubai Central Securities Depository to start the necessary ...

Abu Dhabi / WAM Younis Haji Al Khoori, Under-Secretary of Ministry of Finance, has said that the United Arab Emirates has proven itself to be a model to the world when it comes to dealing with the novel coronavirus (Covid-19) thanks to the guidance of the country’s wise leadership, the cooperation between all authorities, and the community’s commitment and adherence ...