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21-05-2019 Media in\ Abu Dhabi The money supply of the UAE’s banking sector rose 0.2% to AED 1.636 trillion at the end of April 2019 compared to AED 1.632 billion at the end of March. The increase in money supply was in its comprehensive sense, according to the Central Bank …

Media IN Kuwait, May 21, 2019 KUNA Boursa Kuwait ended trading Tuesday in green zone as the premier market index went up by 51.03 points to reach 6,058.34 points. The main market index went up by 10.86 points to reach 4,708.54 points, same as the All share market index which …

21-05-2019 Media in\ Abu Dhabi The value of the monetary base in the UAE rose to AED 386 billion at the end of last April, an increase of AED 13 billion and an increase of 3.5% compared to AED 373 billion in March of the same year. The rise in …

21-05-2019 Media in \Abu Dhabi Hotel accommodation in Abu Dhabi rose by 36.8% during February compared to the same month of 2018. The growth in revenues coincided with a rise in the price index of accommodation by 17.4% during February of this year compared with January, according to figures released …

Media IN Abu-Dhabi, 21st May, 2019 WAM Emirates steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat), has signed a strategic deal with the Finnish company, Ecofer Technologies. The agreement, due to take effect in 2020, will provide Emirates Steel with …

Media IN DUBAI, 21st May, 2019 WAM) Dubai Islamic Economy Development Centre (DIEDC) organised a roundtable in Malta Islamic Finance Association (MIFA),aimed at expanding the footprint of Islamic economy in Europe, as well as exchanging knowledge and expertise in the Islamic finance field, and enhancing bilateral relations. The Maltese government …

Media IN GUANGZHOU, China, 21st May, 2019 WAM Borouge has announced that it will significantly increase production of pre-compounded black polyethylene for pressure pipe applications by investing in a production unit which is expected to be completed within 2020. This latest announcement comes shortly after Borouge confirmed the next expansion …

Media in\ Abu Dhabi 21-05-2019 Abu Dhabi Securities Exchange (ADX) announced that its public and private shareholding companies’ shareholding ratio was 95.3% in the first quarter of 2019. This is within the period of legal time limit for the disclosure of the results of listed companies, which is limited to …

SHARJAH, 21st May, 2019 (WAM) — Dana Gas a leading gas company in Sharjah, announced it has begun drilling operations at itsEgypt’s offshore  Merak-1 well, one of the three world class exploration prospects in Block 6, on 20 may. This block is in the Eastern Mediterranean Basin where other giant …

Media IN VIENNA, 21st May, 2019 WAM The price of OPEC basket of fourteen crudes stood at US$72.47 a barrel on Monday, 20th May, compared with $72.57 the previous Friday, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …