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Economics

OPEC daily basket price for Wednesday, 12th July, 2017

Thu 13-07-2017 11:45 AM VIENNA,13th July, 2017 (WAM) — The price of OPEC’s basket of fourteen crudes stood at US$46.02 a barrel on Wednesday, compared with $44.79 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Murban (UAE), Saharan …

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Meet Farzaneh Sharafbafi, Iran Air's First Female CEO

Farzaneh Sharafbafi, the new CEO of Iran Air. (Twitter) For the first time ever, a female board member of Iran Air – the Iranian flag carrier – has been appointed as the airline’s chief executive officer. Farzaneh Sharafbafi will replace the current CEO Farhad Parvaresh. Sharafbafi, the current director general …

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Union National Bank, InvestBank reveal Q2 financial results

Wed 12-07-2017 20:17 PM ABU DHABI, 12th July, 2017 (WAM) — The Union National Bank and InvestBank came in front of the pack in revealing their Q2 financial results, reflecting the UAE banking sector’s unwavering commitment to the rules and regulations of the Securities and Commodities Authority, SCA. A total …

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Trump Delays Decision on Sudan Sanctions Until October

Sudanese President Omar al-Bashir. (AFP) US President Donald Trump has delayed the lift of economic sanctions on Sudan for a three-month period until next October saying more time is needed to appreciate the permanent revocation of the 20-year embargo. On 13 January 2017, former President Barak Obama decided to cancel …

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OPEC daily basket price for Tuesday, 11th July, 2017

Wed 12-07-2017 12:10 PM VIENNA, 12th July, 2017 (WAM) — The price of OPEC’s basket of fourteen crudes stood at US$44.79 a barrel on Tuesday, 11th July, 2017, compared with US$44.77 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the …

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