Bloomberg Oil fell from the highest close in almost 12 weeks as the effects of the US-China trade war countered Saudi Arabia’s surprise move to take additional crude barrels out of the market. Futures in New York slipped 1.1% after climbing 1.3% on December 6. The kingdom voluntarily pledged to pump 400,000 barrels a day less than mandated by Opec ...

ABU DHABI / WAM The net income of commercial and Islamic banks operating in Abu Dhabi amounted to around AED15 billion during the first half of 2019, representing 58 percent of total net income in 2018, according to the latest statistics released by the Statistics Centre – Abu Dhabi (SCAD). The banking sector in Abu Dhabi and the UAE, in ...

Bloomberg India’s parliament is set to approve legislation preventing Muslim migrants from neighbouring countries from receiving citizenship — the next step in Prime Minister Narendra Modi’s hardline Hindu nationalist program and one that’s seen to go against the nation’s secular constitution. The controversial citizenship bill has sparked protests and fear around India, with lawyers working overtime to help millions at ...