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Iraq sees steady oil prices, mulls buying Exxon stake

Bloomberg Iraq, Opec’s second-biggest oil producer, said crude prices would probably remain around $65 a barrel in the coming months and announced it’s considering buying Exxon Mobil Corp.’s stake in one of the world’s biggest fields. The Organisation of Petroleum Exporting Countries and its allies — a 23-nation grouping known as Opec+ — will continue trying to keep crude prices ...

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Adnic posts net profit of AED133.6 million in Q1

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) reported a net profit of AED133.6 million in Q1 of 2021, a 9% increase compared to the same quarter last year. In a statement on Monday, Adnic said the company delivered solid performance and growth across key financial metrics. “Adnic’s performance was driven by the company’s clear strategy, underwriting discipline, ...

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Global Village breaks 25th Guinness World Record title

Dubai / WAM Global Village, the UAE and wider region’s leading multicultural family destination for culture, shopping, and entertainment, concluded its Silver Jubilee Season in spectacular fashion last night, etching its name in the history books to the delight of all in attendance. Having set out in October with the aim of breaking 25 Guinness World Records to honour the ...

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