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‘TAQA’ successfully prices US$1.75 billion dual tranche

ABU DHABI: Abu Dhabi National Energy Company PJSC (TAQA) announced today the successful pricing of an aggregate US$1.75 billion in 7-year and 12-year dual-tranche senior unsecured notes.

The 12-year notes, sized at US$850 million and maturing on 9th …

Kuwait oil price down 74 cents to US$74.66 pb

KUWAIT: The price of Kuwait oil went down by 74 cents to US$74.66 per barrel on Thursday, compared to US$75.40 pb the day before, said the Kuwait Petroleum Corporation (KPC) on Friday.

According to Kuwait News Agency (KUNA), the price of Brent crude …

Family credit in UAE banking sector reaches $115 billion

ABU DHABI: The family credit in the UAE banking sector reached approximately $115 billion last year, according to the latest statistics from the Arab Monetary Fund.

The Fund reported that family credit in the Saudi banking sector stood at around $331…

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