VIENNA, The price of OPEC basket of thirteen crudes stood at US$66.16 a barrel on Friday, 14th April, compared with US$66.78 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the following: S…

DUBAI, The UAE Federation of the Chambers of Commerce and Industry (FCCI) has signed a Memorandum of Understanding (MoU) with Moldova’s Chamber of Commerce and Industry to form a joint business council for Emirati and Moldovan business owners.The MoU c…

DUBAI, SHUAA Capital (DFM: SHUAA), the leading asset management and investment banking platform in the region, has announced AED25 million Q1’21 net profit.A statement on its financial results for Q1 2021 said SHUAA achieved a 10-year record in quarter…

DUBAI, Emaar Properties PJSC announced it has achieved significant increased property sales underscoring investors’ continued confidence in Emaar brand and recovery of Dubai real estate market. During the first quarter (January to March) of 2021, Emaar…

ABU DHABI, ADNOC Distribution on Monday reported its first-quarter 2021 financial results, recording an underlying EBITDA of AED740 million with a net profit of AED631 million for the quarter, while cash flow generation remained strong with a free cash…

SHARJAH, Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, and Simon Penney, UK Trade Commissioner for the Middle East and Consul-General in Dubai and the Northern Emirates, have discussed ways to expand trade…

SHARJAH, CE-Ventures, the corporate venture capital platform of UAE-based Crescent Enterprises, has announced that it is doubling its venture capital investments in start-ups to reach AED 1 billion (USD 272 million) by 2022. Since its inception in 2017…

ABU DHABI, The National Central Cooling Company PJSC (DFM: Tabreed), headquartered in the UAE, today released its consolidated financial results for the first three months of 2021, reporting a net profit of AED 85.5 million, a YoY growth of 4 percent.D…