ABU DHABI / WAM The gross domestic product (GDP), at current prices, for Abu Dhabi, increased by 12.9% in the fourth quarter (Q4) of 2018 compared with the same period in 2017, according to estimates released by Abu Dhabi Statistics Centre (SCAD). In 2018, SCAD estimated the GDP, at current prices, grew by 14.5% to AED931.2 billion from AED813.6 billion ...

Bloomberg Crude advanced for a third day after a further reduction in supply from Opec signaled that global markets are tightening. Futures added as much as 1.3% to the highest level since November in New York on Tuesday. Declines in Opec production are stoking optimism among investors as Saudi Arabia pressed on with output curbs and as power blackouts in ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, has hinted at the UAE’s model of tolerance becoming a “global movement” for good, saying that the model has the potential to transcend national borders. He believes that the UAE provides the perfect breeding ground for the cultivation of tolerance, adding that the ‘Year of Tolerance’ will ...