Daily Archives: June 5, 2020

Imports of Abu Dhabi down 24.7 pct in Q1-2020

ABU DHABI, The Import Unit Value Index of Abu Dhabi decreased by 24.7 percent from 138.5 pct in the first quarter of 2019 to 104.3 pct in the comparable period of 2020, according to the Statistics Centre – Abu Dhabi. Only food and beverages imports increased 2 pct from 97.9 pct in Q1 2019 to

Mubadala to invest AED4.4 bn in Jio Platforms

ABU DHABI, Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”), India’s leading digital services platform, announced today that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest US$1.2 bn  (AED4.4 bn) in Jio Platforms at an equity value of US$65 bn (AED239 bn) and an enterprise value of $68 bn (AED250 bn).

OPEC daily basket price stood at $34.84 a barrel Thursday

VIENNA, The price of OPEC basket of thirteen crudes stood at $34.84 a barrel on Thursday, compared with $35.46 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), Iran Heavy (Iran),

UAE Rulers congratulate Queen of Denmark on National Day

ABU DHABI, President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has sent a congratulatory cable to Margrethe II, the Queen of Denmark on the occasion of the National Day of Denmark. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed