iShares MSCI UAE ETF

UAE

Market cap $314M

Abu Dhabi National Oil Co sold at least 12 million barrels of spot crude to Asian refiners and trading firms at premiums in its latest tender, as renewed ​U.S.-Iran hostilities disrupted supplies and sparked a buying spree, trade sources ‌said on Wednesday.

Oil gained after the US carried out another wave of strikes against Iran, with the two sides disputing whether the Strait of Hormuz was open. Ed Morse, Senior Advisor and Commodity Strategist at Hartree Partners, discusses what's next for energy markets amid uncertainty in the Strait of Hormuz.

The Commerce Department is easing export controls on the United Arab Emirates and says it will “favorably review” semiconductor and server applications involving state-backed investment firm MGX. MGX used USD1, the stablecoin issued by the Trump family-affiliated World Liberty Financial, for its $2 billion investment in Binance.

Higher interest rates in some emerging Asian banking sectors will likely lead to slower credit growth by the end of 2027. Serbia's interest rate cap order will expire in September, and expectations of this are likely to boost credit growth before expiration.

UAE state oil giant ADNOC said on Wednesday it had signed a long-term energy security partnership with ​South Korea to expand cooperation on crude supply, emergency ‌supply coordination and strategic crude storage.

Abu Dhabi Commercial Bank , the United Arab Emirates' third-largest lender ​by assets, said on Monday ‌it has resolved a technology-related disruption that had affected certain banking services for ​the past week.

UAE state oil giant ADNOC launched a new liquefied natural gas marketing and trading platform on ​Monday, bringing the marketing activities of ADNOC Gas , ‌international investment arm XRG and ADNOC Trading into a single commercial unit.

Abu Dhabi's International ​Holding Company ‌plans to invest $11.5 billion ​in ​an integrated aluminium project ⁠in ​the eastern ​Indian state of Odisha in a ​joint venture ​with India's Adani ‌Group, ⁠marking the country's largest foreign ​investment ​in ⁠mining and metallurgy, a ​state official ​said ⁠on Thursday.

The Abu ​Dhabi National ‌Oil Company has ​set ​the July official ⁠selling ​price ​of its benchmark Murban ​crude ​at $101.48 a barrel, ‌it ⁠said on Wednesday, down ​from ​the ⁠previous month's ​OSP ​of $104.44 ⁠a barrel.

Abu Dhabi National Oil Company has issued its fourth tender this month, trade sources said on Friday, a move that could gauge whether ​buyers are willing to load crude in the Strait of Hormuz following ‌an interim peace deal between the U.S. and Iran.