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Media IN 13/05/2018 Nakheel has announced the launch of its groundbreaking project for the construction of Palm 360, located in Palm Jumeirah in Dubai, comprising two hotel and residential towers. The announcement of the tender comes at a time when Nakheel is evaluating drilling offers for the Palm 360 after …

Media IN12/05/2018 Abu Dhabi International Bank (ADX) today launched its first overseas representative office in the Chinese capital, Beijing, in the presence of senior Chinese officials, business leaders and investors from the UAE and China. The move comes to reinforce the growing role played by the market in supporting the …

Media IN 12/05/2018 Spearbank, the largest bank in Russia, is launching its pilot project to provide Islamic banking services that are in accordance with Islamic Shari’a principles, according to Bhnam Ghorban Zadi, Advisor to the Bank’s Vice Chairman. On the sidelines of the economic summit, Zadi said, “The services of …

Media IN 11/\05\2018 The head of the International Monetary Fund’s mission in the UAE, Natalia Tamireza, said yesterday that the introduction of value added tax (VAT) has gone smoothly in the country and that the inflation that jumped will then decline. Inflation is expected to average 3.5% this year, up …

Media IN \ Agencies \ 11 \ 2018 The OPEC Fund for International Development (OFID) has announced a $ 40 million loan to the Central American country of Belize to support the road rehabilitation project as part of OFID’s interest in supporting the government’s development priorities. The Loan Agreement was …

  Media IN 2018\05\11 China’s PPI rose 3.4 percent in April on a year-on-year basis, according to the National Bureau of Statistics (NBS). The index, which measures the cost of producing goods at the factory threshold, was up from March’s 3.1 percent, driven by higher manufacturing prices in the mining …

Media IN 10 \ 05 \ 2018 The President of the Republic of Azerbaijan, Mr. Ilham Aliyev, met with Chairman of the Board of Directors of DP World, Mr. Sultan Ahmed Bin Sulayem, on the sidelines of the International Conference of Ports 2018 organized by the International Association of Ports …

Media IN 10/05/2018 The benchmark Nikkei average rose at the start of trading on the Tokyo Stock Exchange on Thursday. The Nikkei <.N225> was up 0.33 percent at 22,482.51. The broader TOPIX index <.TOPX> was up 0.24 percent at 1,777.22.

 Media IN / AlBayan 10//05/2018 UAE Vice President, Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum praised the financial results of Emirates Group and continued to fly its profits for the 30th consecutive year. “Emirates is a national pride, followed by men, whose career …

Media IN 09/05/2018 The Algerian-Dutch joint committee, which was launched earlier today under the chairmanship of Algerian Foreign Minister Abdelkader Messahel and Dutchman Steve Blok, signed a deal to cancel double taxation between the two countries. At the conclusion of the talks, the two ministers stressed the development of economic …