Bloomberg Crude posted the worst weekly decline in more than a year on concern that the spread of China’s coronavirus will cripple fuel demand. Brent futures sank 2.2% in London. Deaths from the coronavirus rose to at least 26 and China expanded travel restrictions for about 40 million people in an attempt to halt contagion. The US is monitoring more ...

ABU DHABI / WAM The UAE Consulate in Houston has confirmed that all Emiratis in Houston are safe following the explosion that occurred in a factory in the city, advising all UAE citizens in Houston to register for the online “My Presence” service via the Ministry of Foreign Affairs’ website or its smart application and to communicate with the consulate ...

SHARJAH / WAM Sharjah Islamic Bank (SIB) recorded a seven percent increase in its total net profit, making a total of AED545.5 million in 2019, in comparison to the AED510.4 million recorded in 2018. In a statement on Saturday, the bank said its balance sheet reflects strong performance and sound financial position, with total assets reaching AED46.4 billion at the ...