Media In\ Abu Dhabi 20-02-2019 / WAM Global Holding Company today signed a framework agreement for the acquisition of the company “Bal Refriger” Holding “Bal” taking into account the consent of the shareholders and the competent authorities on this acquisition. The proposed acquisition provides for a strategic exchange of shares …
Read More »Flydubai’s revenues reach AED 6.2 billion in 2018
Media \In Dubai 20-02-2019 / WAM Flydubai grew by 12.4 percent to reach 6.2 billion dirhams ($ 1.7 billion) in 2018, compared to 5.5 billion dirhams ($ 1.5 billion) in 2017, while the total number of passengers through its network reached 11 million passengers with a moderate annual increase. According …
Read More »AED 10.2 billion worth of cases before the DIFC Courts in 2018
Media In\ Dubai 20-02-2019 / WAM The total value of cases before the DIFC Courts in 2018, including arbitration cases, rose to AED 10.2 billion compared to AED 400 million in 2017. The increase was mainly driven by external conflicts of large size. This came in the annual statistics of …
Read More »AED1.1 billion in Dubai real estate transactions today
Media in\ Dubai 20-02-2019 The real estate transactions in the Dubai Land Department have generated more than AED1.1 billion, with a total of 187 million shares worth AED 400 million, of which 16 million are land for sale and 171 million for apartments and villas worth AED 300 million. The …
Read More »Dhiab Bin Mohammed visits Khalifa Port and is briefed on ADNOC’s logistics and services plans
Media in Abu Dhabi 20-02-2019 / WAM / HH Sheikh Thiab bin Mohammed bin Zayed Al Nahyan, Chairman of the Department of Transport and member of the Executive Council of the Emirate of Abu Dhabi and member of the Supreme Council of Petroleum during a visit to Port Khalifa in …
Read More »Empower plans to set up its first self-powered cooling plant for AED 250 million
19-02-2019 Media in \Dubai Emirates Central Cooling Systems Corporation (Empower) plans to establish the world’s first self-powered cooling plant this year after setting up a contract to set up a 250 million dirham cooling plant in the Jumeirah Village Village with a total capacity of 50,000 metric tons. Take advantage …
Read More »Etisalat Group announces net profit of AED 8.6 billion in 2018
19-02-2019 Media in \Abu Dhabi Etisalat Group posted a net profit of AED 8.6 billion for the 12 months ended 31 December 2018 with a growth rate of 2.4% over the same period of 2017. The Group’s consolidated revenue reached AED 52.4 billion, a growth of 1% over the same …
Read More »The two chambers of Abu Dhabi and Bosnia and Herzegovina are discussing ways to enhance trade exchange
19-02-2019 Media in\ Abu Dhabi The Chamber of Commerce and Industry of Abu Dhabi and its counterpart in Bosnia and Herzegovina discussed the intensification of trade exchange between the two countries’ business communities. This came during a meeting between Ibrahim Al Mahmood, First Deputy Chairman of the Board of Directors …
Read More »An Arab committee is considering setting up a legislative framework for the Convention on Technical Restrictions on Trade
19-02-2019 Media in\ Cairo The Committee on Technical Restrictions on Trade in the framework of the Greater Arab Free Trade Area held its first meeting today at the headquarters of the General Secretariat of the League of Arab States under the chairmanship of the Sultanate of Oman and the participation …
Read More »Algerian Trade Minister praises bilateral relations between UAE and his country
19-02-2019 Media in\ Dubai Algerian Trade Minister Said Jalab praised the bilateral relations between the UAE and his country and noted the great developments that are taking place, which reflected a practical reality on the economic and investment aspects. During his meeting with Jamal Al-Jarwan, Secretary-General of the Emirates Council …
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