30-03-2019 Media In\ Brussels Dnata, one of the world’s largest air service providers, opened a new cargo facility at Brussels airport in Belgium with an investment of 8 million euros. The new facility of 14,000 square meters provides more than 100 jobs. It also greatly enhances shipping capabilities in the …
Read More »A conference of the group of banking and financial transfer institutions in the UAE in Dubai
31-03-2019 Media in\ Dubai The UAE Banking and Financial Institutions Group has highlighted the issues related to the fight against money laundering crimes and their risks, and the mechanisms to enhance the work of the exchange and remittance companies in the UAE. The meeting was attended by more than 170 …
Read More »Arab Bank distributes 45% cash dividend to 2018
31-03-2019 Media in\ Dubai Arab Bank Group posted net profit after taxes and provisions of US $ 820.5 million at the end of 2018 compared to US $ 533 million at the end of 2017, while pre-tax profit was US $ 1.1 billion. The Ordinary General Assembly of the shareholders …
Read More »Laying the foundation stone for the development of a new energy complex at a cost of one billion dirhams in Jebel Ali
31-03-2019 Media in\Dubai Emirates Aluminum International, Mubadala Investment Company and DUBAL Holding have officially laid the foundation stone for a state-of-the-art energy production and desalination plant at a cost of one billion dirhams at the Emirates International Aluminum smelter in Jebel Ali. Emirates International Aluminum is the largest industrial company …
Read More »The contract for the operation and maintenance of the Dubai Metro with Serco until 2021, valued at AED 680 million
31-03-2019 Media in\ Dubai The Roads and Transport Authority (RTA) signed an extension contract for operation and maintenance of the Dubai Metro with Sirco UK Limited until September 2021, worth AED 680 million, equivalent to £ 140 million. The new contract includes the operation and maintenance of the 2020 route, …
Read More »Ducab Group’s consolidated sales rise to AED 4.8 billion in 2018
31-03-2019 Media in\ Dubai Ducab announced consolidated sales of AED 4.8 billion in 2018, an increase of 7% over the previous year. The Group currently operates six industrial facilities in four cities in the UAE and currently has a staff of more than 1,600 employees. Ducab has four business units: …
Read More »Dana Gas receives AED 70 million from its operations in Egypt
31-03-2019 Media in\Abu Dhabi Dana Gas, listed on the Abu Dhabi Securities Exchange (ADX), has received a new AED 70 million ($ 19 million) payment from its operations in Egypt. This payment is part of the ongoing efforts by the Government of Egypt to reduce its arrears in zero to …
Read More »2.909 trillion dirhams assets of the banking system in the UAE
Media in\ Abu Dhabi, 31-03-2019, Total bank assets, including bank acceptances, increased by 1.0% to AED 2.909 trillion by the end of February 2019 compared to 2.913 trillion in January of the same year. Central bank data showed total bank credit increased 6 percent from 1.662 trillion dirhams at the …
Read More »AED 1.684 trillion worth of interbank transfers within two months
Media IN Abu Dhabi 31-03-2019 / WAM The total value of transactions executed between UAE banks through the UAE Exchange System (UAFTS) was AED 1.684 trillion during January and February of 2019 compared to AED 1.6 trillion during the same period of 2018. Figures released by the Central Bank of …
Read More »UAE delegation discusses economic and investment cooperation with Nepal
31-03-2019 Medea in\ Kathmandu An official and trade delegation from the United Arab Emirates participated in the Nepal International Investment Summit 2019 in the Nepali capital with the participation of a group of businessmen and representatives of investment companies in the country. During the summit, Abdullah bin Ahmed Al Saleh, …
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