UAE President receives phone call from Tunisian President

ABU DHABI, President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received a telephone call from President Kais Saied of Tunisia.During the phone call, the two leaders discussed bilateral relations and ways to boost cooperation between their c…

OPEC daily basket price stands at $123.73 a barrel Tuesday

VIENNA, The price of OPEC basket of thirteen crudes stood at US$123.73 a barrel on Tuesday, 14th June, compared with US$120.66 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the following:…

Emirates NBD, Daman launch new ‘Early Payment Scheme’

ABU DHABI, Designed to support businesses operating in the UAE’s vital healthcare sector, the National Health Insurance Company – Daman, and Emirates NBD, a leading banking group in the Middle East, North Africa and Turkey (MENAT) region, have announce…

CBUAE raises the Base Rate at 75 basis points

ABU DHABI,The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points, effective from Thursday, 16 June 2022.This decision was taken following the US Federal Reserve Board…