Category Archives: Production

Abu Dhabi banks record net income of AED15 billion in 6 months

ABU DHABI, The net income of commercial and Islamic banks operating in Abu Dhabi amounted to around AED15 billion during the first half of 2019, representing 58 percent of total net income in 2018, according to the latest statistics released …

Abu Dhabi banks record net income of AED15 billion in 6 months

ABU DHABI, The net income of commercial and Islamic banks operating in Abu Dhabi amounted to around AED15 billion during the first half of 2019, representing 58 percent of total net income in 2018, according to the latest statistics released …

Nasdaq Dubai welcomes listing of 1 billion Euro green Sukuk by Islamic Development Bank

DUBAI, Nasdaq Dubai today welcomed the listing of a one billion Euro green Sukuk by Islamic Development Bank, IsDB, the multilateral lender which finances development across its 57 member countries.

It is IsDB’s first green Sukuk, issued under its Sustainable …

Fujairah bunker fuel stocks drop most in a year ahead of IMO 2020

FUJAIRAH, 4th December, 2019 (WAM/ S and P Platts) — Bunker fuel and other heavy distillate stocks dropped the most in a year over the past week at Fujairah in the UAE on speculation that supplies of high sulphur products …