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VIENNA, The price of OPEC basket of thirteen crudes stood at $109.80 a barrel on Tuesday, 3rd May, 2022, compared with $110.29 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes (ORB) is made up of the foll…
Continue readingABU DHABI, Abu Dhabi National Oil Company (ADNOC), and Mubadala Investment Company (Mubadala), today announced a strategic transaction involving Borealis AG (Borealis), one of Europe’s leading petrochemical companies. Under this agreement, ADNOC will a…
Continue readingDUBAI, Dubai Financial Market Company today announced its consolidated financial results for the first quarter of the year ending 31st March 2022, posting a 17 percent increase in its net profit to AED 27.5 million, compared to AED 23.4 million during …
Continue readingDUBAI, Arab Bank Group reported net income after tax for the first quarter of 2022 of $166 million as compared to $128.3 million for the prior period, recording an increase of 29.4%.The Group loan portfolio grew by 5% to reach $35.2 billion as of March…
Continue readingDUBAI, Emirates Integrated Telecommunications Company PJSC (EITC) announced its financial results for the quarter-ended 31 March 2022.Revenues grew 8.5% to AED 3,128 million. Mobile service revenues continued their recovery: revenues increased 6.9% to …
Continue readingVIENNA, The price of OPEC basket of thirteen crudes stood at $105.33 a barrel on Wednesday, 27th April, compared with $102.94 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes (ORB) is made up of the follo…
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