ABU DHABI / WAM Financial transfers conducted through the Immediate Payment Instruction (IPI) reached AED4.7 billion since the system was introduced by the central bank of the UAE (CBUAE) in June 2019. CBUAE statistics revealed that 1.9 million easiest and fastest transfer transactions were made from June 2019 to June this year. The CBUAE has introduced the IPI to enable ...

Abu Dhabi / WAM In the first half of 2020, AED6.3 billion of additional stock became accessible for a new group of both local and international investors, creating further scope for increased trading and liquidity, Abu Dhabi Securities Exchange (ADX) revealed in its report on its performance for the six months ending June 30. The report focuses on the exchange’s ...

Bloomberg Oil edged lower with a weaker demand outlook underscored by Opec’s decision to taper production cuts and US economic data signaling a slowing recovery in the labour market. After hitting a four-month high, US crude futures fell as much as 1.5% on Thursday. Next month, Opec+ plans to add at least 1 million barrels a day of supply to ...