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Economy, Energy

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

OPEC daily basket price stands at $70.75 a barrel

OPEC+ members agree to cut oil production for the first time in a year. (AFP)
By TRENDS Desk AFP
August 28, 2021 3:56 pm
  • The price of the basket was $70.59 on August 25
  • The OPEC Reference Basket of Crudes (ORB) is made up of oil producing countries

The price of the OPEC basket of thirteen crudes stood at $70.75 a barrel on August 26, compared with $70.59 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

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