VIENNA, 28th September, 2020 (WAM) The price of OPEC basket of thirteen crudes stood at US$41.22 a barrel on Thursday, 24th September, 2020, compared with $41.40 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol …
Read More »UAE stocks gain AED32.5 bn in three successive sessions
ABU DHABI, 28th April, 2020 (WAM) Against all odds, the UAE stocks secured combined gains of circa AED32.5 billion over the three sessions conducted since the beginning of Ramadan after upbeat sentiments earned traders today in the country’s two main bourses around AED5.7 bn in market cap, driven by a …
Read More »OPEC daily basket price stood at US$21.66 a barrel Monday
VIENNA, 31st March, 2020 (WAM) The price of OPEC basket of thirteen crudes stood at US$21.66 a barrel on Monday, 30th March, 2020, compared with US$24.26 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …
Read More »UAE stocks gain AED12.5 bn
ABU DHABI, 18th March, 2020 (WAM) Driven by the latest incentive stimulus packages, and the recent decision to set a 5 percent decline limit, UAE stocks gained AED12.5 bn in market cap by the end of Wednesday’s session. The improved investor sentiments following the recent stimulation decisions to prop up …
Read More »$34.71 A barrel
Vienna, Austria, 10 March 2020 The price of OPEC basket of fourteen crudes stood at $34.71 a barrel on Monday, compared with $48.33 the previous Friday, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol …
Read More »Dubai Economy: Gold and jewellery sector shows commitment to consumer protection
DUBAI, 1st March, 2020 (WAM) The gold and jewellery market, which is among the pillars of Dubai’s reputation as a global retail hub and shopping destination, continues to enjoy consumer confidence and remain a leading economic activity in the emirate. Efforts by the Commercial Compliance and Consumer Protection, CCCP, sector …
Read More »Nasdaq Dubai welcomes listing of $2 billion Sukuk by Islamic Development Bank
DUBAI, 1st March, 2020 (WAM) Nasdaq Dubai welcomed the listing of a US$2 billion Sukuk by the Islamic Development Bank, IsDB, a multilateral lender which finances development across its 57 member countries. The five-year Sukuk is the largest by value to be listed on the exchange by IsDB, Nasdaq Dubai …
Read More »OPEC daily basket price stood at $69.62 a barrel Tuesday
VIENNA, 8th January, 2020 (WAM) The price of OPEC basket of fourteen crudes stood at US$69.62 a barrel on Tuesday, 7th January 2020, compared with $70.89 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol …
Read More »ADX allows short-term trading
ABU DHABI, 25th November, 2019 (WAM) Abu Dhabi Securities Exchange, ADX, has given approval for Pattern Day Trader (short-term trading). The product is available for customers through brokerage firms licensed by ADX and the Securities and Commodities Authority, SCA, based on laws set by said authorities to protect investors. ADX …
Read More »Central Bank raises gold holdings to 2.71 billion dirhams in September
Abu Dhabi 3 November 2019 The UAE Central Bank continued to strengthen its gold bullion balance of AED 2.71 billion, an increase of AED 1.6 billion and a growth of nearly 39% during the first nine months of 2019. The central bank’s balance of gold bullion reached 1.134 billion dirhams …
Read More »