Daily Archives: May 20, 2020

OPEC daily basket price stood at $28.43 a barrel Tuesday

VIENNA, The price of OPEC basket of thirteen crudes stood at US$28.43 a barrel on Tuesday, 19 May 2020, compared with $28.21 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon),

ADQ holding company launches new AED1.1 billion venture fund at ADGM

ABU DHABI, Abu Dhabi Developmental Holding Company, ADQ, one of the region’s largest holding companies with a diverse portfolio of major enterprises spanning key sectors of Abu Dhabi’s non-oil economy, has launched Alpha Wave Incubation, AWI, Fund, a new AED1.1 billion venture fund located at Abu Dhabi Global Market, ADGM. AWI will target early-stage businesses

UAE, Iranian health ministers review COVID-19 countermeasures

ABU DHABI, Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, has received a phone call from Iranian Health Minister Saeed Namaki wherein they exchanged views over the measures taken by the two countries in the fight against COVID-19. Al Owais said during the call that the UAE has recently developed

Sharjah Ruler issues Decree reorganising Sharjah Islamic Affairs

SHARJAH, H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued Decree-Law No. (3) of 2020 on the organisation of the Department of Islamic Affairs in the emirate of Sharjah. The Decree stipulates that the department will have full rights and eligibility to take lawful actions to achieve its