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Economy, Energy

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

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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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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