Bloomberg Oil posted its biggest monthly advance on record, just a few weeks after prices made a dramatic plunge below zero. Crude surged about 88% in May, with US futures rising above $35 a barrel for the first time since March, driven by massive supply curbs by producers across the world. Still, prices are well below levels at the start ...

Abu Dhabi / WAM The central bank of the UAE (CBUAE) issued its guidance to financial institutions on the application of International Financial Reporting Standard 9 (IFRS 9). The guidance has been issued after a consultation with stakeholders in the financial sector. The objective of IFRS9 guidance is to ensure that credit losses resulting from the consequences of Covid-19 pandemic ...

ABU DHABI-BERLIN / WAM As part of ongoing efforts to elevate UAE-German ties, Dr Sultan bin Ahmed Al Jaber, Minister of State and UAE’s Special Envoy to Germany, conducted a virtual visit to Berlin. During the virtual visit, Dr Sultan Al Jaber met with a number of German officials and parliamentarians, including Niels Annen, Minister of State at the German ...