ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) announced that it had repaid in full a US$500 million Islamic bond or sukuk from its own resources, reflecting what it said was its strong liquidity position amid difficult market conditions. The sukuk matured on November 30. The five-year sukuk, which were listed on the London Stock Exchange, were more ...

  London / AFP Oil prices rose on Thursday, building on a surge triggered by OPEC’s output decision. World crude prices soared almost 10 percent on Wednesday after OPEC hammered out a deal to cut oil output for the first time in eight years. Prices were up nearly 3 percent in Thursday trading. Joshua Mahony, market analyst at IG trading ...

  Abu Dhabi / WAM The government is confidently progressing to deliver indicators of the National Agenda leading to the UAE Vision 2021 which seeks to develop and improve conditions in areas of justice, security, economy, environment, living standards, housing, education, health and infrastructure, His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, has declared. “The ...