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Crude loses steam with traders eyeing Opec+ production hike

Bloomberg Oil retreated after hitting $75 a barrel in London for the first time in more than two years, as Russia and other Opec+ nations were said to consider increasing production. Brent crude edged above $75 in Asian trading hours as price indicators and inventory data showed that demand still outstrips supply. The gains faltered as Russia — which jointly ...

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Dubai government repays $500mn bond certificates

DUBAI / WAM The Government of Dubai, acting through the Department of Finance (DoF), announced that the $500 million Fixed Rate Note issued on June 22, 2011 under its Euro Medium Term Note Programme, reached maturity on June 22 2021. Upon maturity, all the notes have been redeemed in full by making the required payment through the paying agent to ...

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Etihad Airways to commence service to Vienna

Abu Dhabi / WAM Etihad Airways will launch flights to Vienna twice weekly using a Boeing 787 Dreamliner from July 18. Flying to, from, and via Abu Dhabi is supported by the airline’s fully redesigned sanitisation and safety programme, Etihad Wellness, which ensures the highest standards of hygiene are maintained at every stage of the customer journey. Customers can now ...

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