Dubai’s trade in foodstuff oversteps AED86 billion in 2019

DUBAI, Recent figures released by Dubai Customs showed a three percent growth in Dubai’s external trade in foodstuff in 2019, reaching AED86.2 billion compared to AED84 billion in 2018.

According to the customs authority, which revealed the figures during the …

Fujairah oil stocks fall 6 percent on week

FUJAIRAH, Oil product stocks at Fujairah in the UAE fell 6 percent week on week to 22.804 million barrels on 10th February, with inventories of all products falling except light distillates, which hit a 6-month high, data released by the …

OPEC basket price at $58.80 Thursday

VIENNA, The price of OPEC basket of fourteen crudes stood at $58.80 a barrel on Thursday, compared with $61.04 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: …

UAE trade in aluminum hits AED8 billion in three months

ABU DHABI, The UAE trade in aluminum amounted to around AED 8 billion during the first three months of 2019, according to statistics revealed by the Federal Competitiveness and Statistics Authority.

The Emirates’ trade in the metal hit a record …

78% of Central Bank’s senior positions held by Emiratis

ABU DHABI, In an effort to reinforce the commitment of the Central Bank of the UAE, CBUAE, to achieving the national agenda of Emiratisation and increasing the Emirati workforce, the bank is taking a leading role in Tawdheef, by aiming …

ADCB reports 2019 net profit of AED5.244 billion

ABU DHABI, Abu Dhabi Commercial Bank, ADCB, today reported its full year financial results for 2019, announcing a net profit of AED5.244 billion with double-digit annualised return on tangible equity of 11.2%.

The Board of Directors has recommended a cash …

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