Recent Posts

Oil slips after hitting $70 with bumper rally starting to cool

Bloomberg Oil slipped after touching $70 a barrel in New York for the first time since October 2018 as a rally driven by signs of a tightening market eased. Futures jumped 5% last week but were unable to rise beyond $70 on Monday. Europe’s cities are as congested as they were in 2019, and the number of passengers passing through ...

Read More »

Saudi Aramco hires banks for debut dollar sukuk sale

Bloomberg Saudi Aramco, the world’s biggest energy company, hired advisers including Citigroup Inc and Goldman Sachs Group Inc for its first dollar-denominated Islamic bond sale. The state-controlled company may offer three tranches of notes due in three, five and 10 years, according to a person familiar with the matter. The firm is raising cash to help fund its commitment to ...

Read More »

UAE sends 960 tonnes of food, medical supplies to Gaza Strip

ABU DHABI / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC), sent on Monday 960 tonnes of urgent medical and food items to alleviate the humanitarian repercussions for about 20,000 families in the Gaza Strip. Implementing the directives of the Emirati leadership, the UAE sent 33 shipments through the Rafah Border Crossing, as part of the ...

Read More »
Send this to a friend