Oil and gas

Offering was priced at AED3.40 per share, roughly 43 percent above the IPO price of AED2.37 per share

The offering will only be open to qualified institutional and other investors in a number of countries, including the UAE

Analysts forecasted that about 2.2 million barrels of crude was added to U.S. stockpiles in the week ended on February 14

Brazil will serve as an advisor in the Charter of Cooperation, without production or price obligations

West Texas Intermediate crude futures also experienced a 0.3 percent rise, reaching $72.03 per barrel
