The sharp rise in UAE gasoline prices effective 1 August still leaves them substantially below the level in most advanced economies and 75 per cent lower than the average in the UK. The UAE Ministry of Energy announced that the…
Day: July 29, 2015
Fitch affirms IPIC of Abu Dhabi’s rating
Fitch Ratings has affirmed Abu Dhabi-based International Petroleum Investment Company PJSC’s (IPIC) long-term local and foreign currency Issuer Default Ratings (IDR) at AA and short-term foreign currency IDR at F1+. The ratings are aligned with those of Abu Dhabi, IPIC’s…