Officials from the United Arab Emirates and Iran have agreed to bolster economic ties and enhance cooperation in various sectors including tourism, transport, entrepreneurship and renewable energy.

EghtesadOnline: Mubadala Development Co., the Abu Dhabi sovereign fund merging with International Petroleum Investment Co., said potential energy deals are more attractive after the slump in oil prices drove down asset prices.

EghtesadOnline: Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-COVID levels in a well-supplied market.

EghtesadOnline: Bain & Co. has been appointed to advise Abu Dhabi ’s two biggest lenders as they merge into a $175 billion regional powerhouse.