Category: Business

ABU DHABI: Following approval by the UAE Cabinet on 2nd September, the UAE has announced its new 2024-27 National Strategy for Anti-Money Laundering, Countering the Financing of Terrorism and Proliferation Financing (AML/CFT/CPF).

Cabinet approval of…

The official price of Omani oil, for delivery in November, reached on Wednesday USD 73.39 cents per barrel, a decrease of USD 3.24 cents compared with Tuesday’s price, which amounted to USD 76.63.

The monthly average price of Omani crude oil for deli…

ABU DHABI: RAKBANK has completed its first Tier 2 security issuance, raising US$250 million, the securities were issued with a maturity of 10.25 years and a non-call period of 5.25 years (10.25NC5.25), carrying a coupon rate of 5.875 percent.

In a pr…

The US dollar fell against most major currencies in Wednesday’s trading.

The dollar index, which measures the strength of the greenback against six major currencies, fell 0.3% to 101.4.

Against the Japanese yen, the dollar fell 0.9% to 144.22 yen as…

SHARJAH: The Sharjah Chamber of Commerce and Industry (SCCI) has discussed ways to enhance trade and investment cooperation between the business community in the emirate and its counterpart in Nepal.

Emphasising the UAE businesses’ commitment to dive…

ABU DHABI: The Abu Dhabi Department of Energy (DoE) has launched a series of initiatives to encourage community members to reduce electricity and water consumption.

The awareness programmes in schools and households will promote sustainability and co…

ABU DHABI: H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has witnessed the signing of a strategic partnership between ADNOC and ExxonMobil Corporation, in which ADNOC wil…

Doha: Ooredoo Qatar announced the successful completion of its trial of revolutionary Wi-Fi 7 technology. The trial was completed on Fibre-To-The-Room (FTTR) devices for the first time in the region, with plans to launch it commercially in 2024.

In a…