DUBAI / WAM National Bonds, the UAE-based financial and Sharia-compliant investment company, announced that its assets under management increased by 9 percent to AED7.8 billion in 2019, according to the results published by the company. The assets included mainly Wakala Deposits (38%), Real Estate – Yield Generating (27%) and sukuk (25%), according to National Bonds, which is owned by the ...

ABU DHABI / WAM The Italian envoy to Abu Dhabi has said that Italy’s government and people were “moved” by the sympathy and compassion shown by the UAE during coronavirus pandemic. In a statement to Emirates News Agency (WAM) Ambassador Nicola Lener said that Italy was “deeply impressed” by the UAE initiative that saw the shipment of 10 tonnes of ...

Bloomberg Oil rose as investors weighed whether output cuts being discussed by the world’s top producers will be enough to offset the demand destruction wrought by the coronavirus. Futures in New York climbed around 3% towards $25 a barrel. Saudi Arabia and Russia are hammering out an agreement that a delegate said will reduce global output by about 10 million ...