Media IN / Agencies 2018-05-07 Nestlé, the giant food giant, said it would pay $ 7.15 billion to buy the rights to sell Starbucks chain products around the world as part of an alliance to bring life to the coffee-related businesses. The deal, on Monday, reinforces Nestlé’s position as Starbucks, …
Read More »Saudi Energy Minister: Kingdom will restore market stability
Media IN-Reuters 07/05/2018 Saudi Energy Minister Khalid al-Falih told Japan’s Commerce Minister Hiroshige Seko that he had concerns about low levels of investment and prospects for future oil shortages. “We believe we are in the process of restoring energy to the market and Japan will continue to receive the …
Read More »Sharjah Economic City receives 1221 observations during the first quarter of 2018
Media IN 07/05/2018 The Sharjah Department of Economic Development (DED) announced that it had processed 1221 observations received by the end of the first quarter of this year, up 12 percent from the first quarter of last year, which reached 1093 observations. The comments came from a variety of dealers …
Read More »Abdullah bin Zayed: The UAE is a destination for money and business and its status is enhanced
Media IN/ Agencies 07/05/2018 The Ministry of Foreign Affairs and International Cooperation has signed memorandums of understanding with a number of consulting companies in the country with the aim of enhancing coordination and cooperation and supporting the flow of foreign investments to the country. The MoUs were signed yesterday at …
Read More »The Nikkei average rose 0.18% at the start of trading on the Tokyo Stock Exchange
Media IN / Reuters 07/05/2018 The Nikkei average rose at the start of trading on the Tokyo Stock Exchange on Monday. The Nikkei <.N225> was up 0.18 percent at 2,513.22. The broader TOPIX index <.TOPX> was up 0.15 percent at 1,774.26
Read More »At $ 1.2 Billion, Reem Mall was laid
Media IN 07/05/2018 In the presence of His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, the cornerstone of the $ 1.2 billion Reem Mall project was developed and developed by Al Farwaniya Real Estate Development Company in Abu Dhabi. The ceremony was held on Al Reem Island …
Read More »Oil is near its highest level since 2014
Media IN 2018-05-07 Oil markets remain stable on Monday as prices approached their highest levels since late 2014, with a decision on whether to withdraw from the nuclear deal with Iran and reinstate sanctions on Tehran. Brent crude futures were $ 74.94 a barrel, up 7 cents, or 0.1 percent, …
Read More »UAE tops the quality of projects in the GCC
Media IN 06/05/2018 The UAE was the only annual awards ceremony to evaluate projects in the region. With eight awards to the GCC States, Oman has five winning projects, followed by Kuwait with four projects and Saudi Arabia with two projects. The highest quality projects in the Gulf region were …
Read More »Seven billion dollars worth of deals awarded by Armcoa to 16 Saudi companies
Media IN 06/05/2018 SAUDI ARABIA (Reuters) – Saudi Aramco has set up deals worth more than 26 billion riyals ($ 6.93 billion) to 16 local companies as part of a drive to expand the kingdom’s industrial base and manufacture the largest share of locally produced products, The 10-year purchase agreement, …
Read More »Prince Khalid Al Faisal inaugurates the first edition of Makkah Economic Forum tomorrow
MEDIA IN / SPA 05 – 05 – 2018 His Royal Highness Prince Khalid Al-Faisal, Advisor to the Custodian of the Two Holy Mosques Prince of Makkah Region, will launch the first edition of Makkah Economic Forum titled “From Vision to Achievement … Invest in Makkah” in the presence of …
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