EghtesadOnline: The United Arab Emirates, currently OPEC’s third-largest producer, is estimated to have exported a lot more crude oil in August as it produced more than its quota under the OPEC+ deal, undermining the oil market’s faith in the group’s unity in the cuts.
EghtesadOnline: After previously limiting foreign exchange transactions in the United Arab Emirates, the Central Bank of Iran has reportedly reactivated the remaining channels there to help increase hard currency supply inside the country.
EghtesadOnline: Dubai’s International Financial Centre said the number of companies based in the hub rose 16 percent during the first half even as lower oil prices and slowing economic growth forced some banks in the United Arab Emirates to cut jobs.