Bloomberg European Central Bank (ECB) President Christine Lagarde said her institution is on watch as the coronavirus outbreak provides a new threat to the economic outlook. The disease, which has spread worldwide after originating in China, has shuttered factories, cancelled flights and kept workers at home as governments try to stem the contagion. Lagarde’s comments suggest that the ECB, like ...

ABU DHABI / WAM Adnoc Logistics & Services will test biofuel as a bunkering fuel for ships, in an effort to comply with the 2020 sulphur cap, the company’s Chief Executive Officer Captain Abdulkareem Al Masabi said. Al Masabi stated that Adnoc has applied the regulations by November 2019 across its entire fleet, which totals 28 ships, and the company ...

RAS AL KHAIMAH / WAM The National Bank of Ras Al Khaimah (Rakbank), announced a consolidated net profit of AED1,095.3 million for the full-year of 2019, increasing by AED177.7 million over the previous year. According to a press release issued by the Bank on Wednesday, the growth in the bank’s net profit was driven by the improved net interest income, ...