Bloomberg India’s Covid-19 crisis has pummeled demand for transport fuels to the lowest in several months, highlighting the risks for energy consumption amid an uneven global recovery from the pandemic. April sales of gasoline — used in cars and motorcycles — fall to 2.14 million tons to the lowest since August, according to preliminary data from officials with direct knowledge ...

ABU DHABI / WAM The central bank of the UAE (CBUAE) has issued a new regulation covering licensing, prudential and conduct requirements for specialised banks. Specialised banks are licensed under the CBUAE’s new regulation and are allowed to practice different financial activities to serve the local community, such as account opening, card issuance, and retail and wholesale lending. Specialised banks ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, stated that despite the exceptional circumstances that the whole world is going through due to the Covid-19 pandemic and the precautionary and preventive measures imposed by the pandemic, the UAE workers were and are still in the hearts and minds of “our wise leadership”, and ...