#price

Oil set for seventh weekly gain as traders weigh China’s return

Consumption in top importer China is expected to rise as it lifts strict Covid restrictions

IPO

Offer price for Abu Dhabi’s largest ever listing set at Dhs2.45 per share

The IPO subscription period has commenced today, May 23, and will close for retail investors on May 28, 2022

Saudi

Saudi says low refining capacity causing fuel-price jump

Crude prices have surged to around $110 a barrel in the past year

Good times are ahead for lithium miners as prices continue to surge

The popularity of electric vehicles has driven prices for battery metals sharply higher

Bitcoin falls to lowest in a month as risk aversion takes oll

Bitcoin has been struggling along with risk assets in recent months

grocery

UAE approves new mechanism to control price increase of essential commodities

Prior approval is required from the Ministry of Economy by any supplier if they wish to raise prices of certain products

Oil’s red-hot rally takes a breather after seven weekly gains

Oil has rallied on improving demand and supply outages, putting $100 a barrel within reach

Noon.com reveals dates for biggest ‘Yellow Friday’ sale

The Yellow Friday Sale will be live from November 22-28

ADNOC Drilling sets offer price per share for IPO

ADNOC Drilling is expected to list on the ADX on or around October 3, 2021

Alan’s corner: Why companies must build their unique proposition

There is often an over-emphasis in this region on price as if it was the most important factor in a deal

Oil steady near highest since 2018 with Saudis upbeat on demand

Oil is up 40 per cent this year as the recovery from the pandemic in the US, China and parts of Europe boosts the outlook for fuel consumption

Kuwait issues new regulations for jewellery stores

Price tags must include the company’s name, serial number (barcode), carat, weight and type of the piece

Saudi Aramco’s profit soars in Q1 as crude prices rise

Brent crude has gained over 30 per cent this year to top $68 a barrel

iPhone 12

UAE’s Etisalat to offer iPhone 12 pre-orders from Oct 16

The latest generation of iPhones were launched by Apple earlier this week

Covid-19 testing UAE 2

Abu Dhabi’s SEHA reduces cost of Covid PCR test to Dhs250

The cost for the test previously stood at Dhs370

Oil rises above $30 for first time in two months on output cuts

There’s still a risk, however, that oil’s recovery could be derailed if the pandemic worsens