Abu Dhabi / WAM The Ministry of Energy and Infrastructure has affirmed that the UAE is a longstanding and committed member of Opec, and Opec+, and have been a reliable partner in the current Opec+ agreement, delivering compliance of 103% throughout its 2-year term. In a statement on Sunday, the ministry said that the “UAE believes that the market needs ...

Abu Dhabi / WAM The United Arab Emirates leads the world, with enough vaccinations to cover 72.1% of its population and has overtaken Seychelles to become the world’s most vaccinated nation, according to Bloomberg’s Vaccine Tracker. The UAE has so far administered 15.5 million doses, enough to cover 72.1 percent of its population based on a two-dose regimen. The UAE ...

ABU DHABI / WAM Aldar Properties signed a AED300 million facility with HSBC that links the interest margin payable under the facility to achievement of sustainability targets. The agreement sees Aldar become the first real estate company in the Middle East and North Africa (Mena) region to enter into this type of financing. The innovative five-year term sustainability-linked loan includes ...