Category Archives: Business & Finance

Senior UAE official in Tehran on secret mission: MEE

The national security adviser of the United Arab Emirates, Tahnoun bin Zayed, has been visiting Tehran on a secret mission aiming to defuse the tensions in the Gulf, a senior security source in the UAE told London-based news outlet

Iran’s oil exports face new security threat

Iran’s oil exports — already hurting from US sanctions — were struck a further blow Friday when one of the country’s tankers, the Sabiti, was rocked by explosions as it sailed in the Red Sea near the Saudi port of …

Fujairah heavy distillates exports climbed to record in September: Kpler

The bunkering hub of Fujairah on the eastern coast of the UAE exported a record volume of marine fuels and other heavy distillates in September, according to cargo tracking data from Kpler.

Exports rose to 467,000 b/d of heavy distillates …

Banks invest AED10.3 billion in bonds over eight months

ABU DHABI, Banks operating in the UAE have increased their investments in bonds since the beginning of 2019 to make for losses caused by a fall in proceeds from their other investment instruments, including loans.

The value of investments in …