Daily Archives: October 22, 2020

OPEC daily basket price stood at $40.88 a barrel Wednesday

VIENNA, The price of OPEC basket of thirteen crudes stood at US$40.88 a barrel on Wednesday, 21st October 2020, compared with $41.04 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),

Department of Health Abu Dhabi develops ‘Certificate of Need’ to identify investment opportunities in healthcare sector

ABU DHABI, The Department of Health Abu Dhabi, DoH, the regulator of the healthcare sector in the Emirate of Abu Dhabi, has developed Certificate of Need, CoN, a planning tool that is set to help map out investment opportunities in the healthcare sector, promote need-based requirement per specialties and precinct and provide patients with access

Foreign currency deposits in UAE banks up 7.3 pct in eight months

ABU DHABI, The total foreign currency deposits held by the UAE national banks amounted to circa AED409 bn by August, a growth of 7.3 percent, according to the statistics of the Central Bank of the United Arab Emirates. These account for 30 percent of the total deposits held by the Emirati banks, valued at AED1.346

SHUAA Capital prices US$150 million bond issuance

DUBAI, SHUAA Capital announced that it has successfully priced a US$150 million bond issuance. The bond priced with a coupon of 7.5% will be the first high yield issuance in MENA since the onset of the COVID-19 pandemic in March 2020. The bond has attracted significant institutional interest across the MENA/GCC region and beyond. It