Dubai / Emirates Business In view of financial literacy’s critical role in the success of an economy and sustainable development of a society, the UAE Banks Federation (UBF), has stepped up its efforts to increase the level financial awareness in the country. For organizations, financial knowledge is the foundation for long-term growth as understanding business finance enables companies and business ...

Bloomberg Exxon Mobil Corp’s Darren Woods says his company is at the center of a delicate balancing act between those who want a cleaner environment and those seeking economic growth that depends on rising energy demand. Exxon is planning to invest more than $200 billion in major oil and gas projects around the world over seven years, a signal that ...

Bloomberg Russia breached its oil-output quota agreed with OPEC for a third straight month as the producing alliance prepares for crucial talks this month on increasing supplies. Oil output averaged 10.97 million barrels a day in May, almost unchanged from a month earlier, according to data emailed by the Energy Ministry’s CDU-TEK statistics unit. That means its compliance with the ...