Abu Dhabi / WAM Abu Dhabi external foodstuff trade amounted to over AED 4.663 billion during the first quarter of the current year 2020, while the overall weight of the Emirate’s foodstuff trade in the same period reached more than 1.18 million tonnes through 41,430 transactions. Abu Dhabi’s foreign trade distributed from foodstuff to imports at a value of over ...

Bloomberg The outlook for global oil markets has “improved somewhat,” with demand a little stronger than expected and supply reined in by a brutal price crash, the International Energy Agency (IEA) said. World oil production is on track for a “historic decline” this month to the lowest level in nine years, the IEA said in a monthly report. Opec and ...

ABU DHABI / WAM Commercial and Islamic banks operating in Abu Dhabi recorded a total net income of around AED9.6 billion in the first quarter of 2020, according to data issued on Thursday by the Statistics Centre-Abu Dhabi. The net income of traditional banks in Abu Dhabi from interests and investments totalled AED8.5 billion, accounting for 88.5 percent of the ...