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Abu Dhabi 26-08-2019 The UAE stock markets regained their bullish trajectory during the mid-week session, after taking profits from the previous day, and the market capitalization of shares traded on the Abu Dhabi and Dubai financial markets gained about 3.8 billion dirhams at the close of trading. The activity witnessed …

Cairo 26-08-2019 The Egyptian Ministry of Petroleum announced the implementation of an ambitious action plan to expand the activities of oil and gas research and development of production fields in the Ras Shuqair petroleum area in the Gulf of Suez. The results of the work of the Gulf of Suez …

Cairo 26-08-2019 The preparatory meetings of the 104th regular session of the Economic and Social Council (ECOSOC) will begin next week at the headquarters of the General Secretariat of the League of Arab States, starting on September 1, the meeting of the Social Committee, while the Economic Committee will hold …

RAK 26-08-2019 / WAM The Emirate of Ras Al Khaimah has maintained a credit rating at the “A” level with stable outlook according to Fitch’s sovereign credit rating. The Agency has maintained the emirate’s rating at “A” level for the last ten years, confirming that low rates of government debt …

Dubai 26-08-2019 Dubai Economy, represented by the Commercial Registration and Licensing Sector, has achieved outstanding results for the “ Automatic Renewal ” service for commercial licenses during the first half of 2019, where it completed 34,250 automatic renewal transactions, which constitutes 47% of the total renewal transactions (73,404), which confirms …

Dubai 26-08-2019 The real estate transactions in Dubai Land Department reached more than 1.2 billion dirhams. Today, the Department witnessed 161 sales worth AED 300 million, of which 20 land sales worth AED 100 million and 141 sales of apartments and villas worth AED 200 million. The most important land …

Dubai 25-08-2019 / WAM The Arab-Brazilian Chamber of Commerce has launched a “membership registration” campaign to attract Arab companies to join the Chamber and increase the number of memberships, thus reinforcing their commitment to consolidating Brazilian-Arab cooperation and promoting economic, social and cultural development. Membership will allow companies to benefit …

Abu Dhabi 25-08-2019 The Gross Domestic Product (GDP) of the Accommodation and Food Services Sector at constant prices increased to AED 32.5 billion in 2018, a growth of 4.2% compared to AED 31.2 billion in 2017. The contribution of the accommodation and food services sector to the GDP of non-oil …

Dubai 25-08-2019 Dubai’s commercial control and consumer protection sector recorded 4,735 dossiers for trademark owners and 29 dossiers for commercial agencies during the first half of 2019. The rate of received files increased by 63% against the same period in 2018, and this outcome came through the electronic portal of …

Abu Dhabi 25-08-2019 Four new financial technology startups have joined the fourth round of the Abu Dhabi Global Market Regulatory Laboratory initiative. The four local and international companies included DAPI, Point Check Out in the UAE, Gabriel Network from Switzerland and Ecovolio from Luxembourg, selected from 14 applications from companies …