OPEC’s daily average price is $64.53 per barrel

  The price of the OPEC basket of thirteen crudes stood at US$64.53 a barrel on Wednesday, May 28th, 2021, compared to $63.91 the previous day according to calculations by the organization. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno …

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UAE and US host joint AML / CFT training sessions

ABU DHABI, 2nd May, 2021 (WAM) — In March and April, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) of the UAE has welcomed officials from the US Government for a series of virtual meetings and workshops, which are expected to continue in the following months to cover a …

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Dubai Chamber webinar highlights new methods for recovering payments

Dubai Chamber of Commerce and Davidson & Co. recently hosted a webinar on amendments made to UAE laws for bounced cheques, including details on provisions for collecting money owed, what happens if the debtor requests collateral (or doesn’t), and other penalties available to those reporting bounced checks. A total of …

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