Oil Extends Losses on Expected OPEC+ Supply Boost

Oil prices extended losses on Monday on expectations of higher OPEC+ production from October while signs of sluggish demand in China and the United States raised concerns about future consumption growth.

Brent crude futures were down 56 cents, or 0.7…

ADIB achieves AA ESG rating upgrade from MSCI

ABU DHABI: Abu Dhabi Islamic Bank (ADIB) has received an upgrade in its Environmental, Social, and Governance (ESG) rating from MSCI, a leading global provider of ESG indexes.

ADIB’s rating has been elevated to AA (on a scale of AAA-CCC) from A in th…

ADIB achieves AA ESG rating upgrade from MSCI

ABU DHABI: Abu Dhabi Islamic Bank (ADIB) has received an upgrade in its Environmental, Social, and Governance (ESG) rating from MSCI, a leading global provider of ESG indexes.

ADIB’s rating has been elevated to AA (on a scale of AAA-CCC) from A in th…

Dollar Hits 2-Week High against Euro

The dollar rose to a two-week high against the euro on Monday, as traders awaited the release of the US jobs report this week.

The dollar index against six major currencies rose to 101.79 points in early Asian trading, and the index recorded 101.72 p…

Emirates Airline Foundation unveils dedicated A380 livery

DUBAI: Emirates has introduced a new A380 livery to raise awareness of the Emirates Airline Foundation’s humanitarian work, which has transformed the lives of thousands of children worldwide.

The livery’s design is inspired by the Emirates Airline Fo…