Fujairah residue stocks at 2-year high as LSFO inflow rises ahead of IMO 2020

Stocks of heavy distillates and residues at Fujairah have jumped to a two-year high this week, as a projected rise in marine fuel demand ahead of IMO 2020 has driven more low sulfur supplies into the Middle Eastern port.

Heavy …

Fujairah data: Oil product stocks hit highest level since early June

Volumes of oil products held in storage at Fujairah have risen to their highest since early June, as a surge in regional demand and preparations for new sulfur regulations on marine fuels drive more supplies into the eastern UAE port.…

Commercial Bank of Dubai reports 26.1 percent increase in net profit to AED1.063 bn

DUBAI, Commercial Bank of Dubai today reported a net profit of AED1,063 million for the first nine months of 2019, a 26.1 percent increase over the same period last year.

In a statement today, the bank said the operating profit …

RAKEZ aims to attract more investors

RAS AL KHAIMAH, The Ras Al Khaimah Economic Zone, RAKEZ, aims to attract more investors, through focusing on customer service and facilitating investments, including in its customised facilities, as well as by supporting start-ups, small and medium-sized enterprises, SME, and …