The Department of Oil Affairs in the Government of Dubai announced on Thursday that it had notified its customers of the official price of Dubai crude oil, which will be delivered in October, at $0.20 less per barrel than the average daily settlement price of the DME Oman Crude Oil Financial Contract in Dubai Mercantile Exchange contracts traded during the next month.
The official monthly price of Dubai crude oil — with the transition to the pricing futures contracts — is determined in advance, for a differential price is placed before three months, “M-3”, while the official final monthly price is determined at the end of the second month, “M-2 “.
A Court Ruling In Favor Of Barwa
On April last year, Barwa Real Estate Group announced that a court ruling by Dubai International Arbitration Centre has been issued to obligate Barwa International Company and The Green City Compan
Doha Bank may sell bonds to raise capital
Qatar's Doha Bank could issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise core capital, its chief executive said.
The Gul
NASDAQ Dubai welcomes EIFB as a member
Emirates Islamic Financial Brokerage (EIFB), one of the UAE's leading Shari'a compliant brokers, has become a Member of NASDAQ Dubai, the region's international exchange.
EIFB will focus
Regulations, lack of liquidity ‘hitting GCC IPOs’
Stricter regulatory scrutiny of companies with plans to list and a lack of liquidity in certain markets are the key factors responsible for the low volume of IPOs in the GCC in the last 12 months, ex