Media IN/Abu-dhabi/ 9th May, 2019 (WAM) During their third meeting of the Joint Committee in Abu Dhabi yesterday, UAE and Portugal signed two memoranda of understanding (MoUs) on quality assurance and food security , where both sides also explored means of boosting cooperation in various sectors. The meeting was co-chaired …
Read More »Japanese stocks fall to a six-week low ahead of US-China talks
MediaIn Tokyo 09-05-2019 Japan’s Nikkei average fell for a fourth session today to close at its lowest level since late March amid investor caution ahead of the next round of China-US trade talks. The Nikkei fell 0.93% to close at 21,402.13 points, its lowest close since March 29. The broader …
Read More »UAE banks provide credit facilities worth AED 9.6 bn for service, non-profit organisations in three months
09-05-2019 Media in\ Abu Dhabi The financial services provided by the banking system in the UAE to the non-profit sector amounted to AED 9.6 billion during the first quarter of 2019, reflecting the importance of the sector which provides important services to the community. Facilities received by service and non-profit …
Read More »Abu Dhabi’s aluminum and copper trade reaches AED 3.4 billion in two months
09-05-2019 Media in\ Abu Dhabi The value of the trade of the Emirate of Abu Dhabi from aluminum and copper to AED 3.4 billion during the first two months of this year grew by 14% compared to the same period last year, according to figures released by the Abu Dhabi …
Read More »DUBAI: 509 Instant Licences issued in Q1 2019 reporting a 45% growth, compared to 2018
Media IN/Abu-dhabi, 9th May, 2019 (WAM) Today the Business Registration and Licensing (BRL) sector of the Department of Economic Development (DED) in Dubai, showed that 509 Instant Licences were issued during Q1 of 2019, as compared to 350 issued same period last year, registering a growth of 45.4 percent. The …
Read More »OPEC daily basket price announced for Wednesday
Media IN/Abu-dhabi/VIENNA, 9th May, 2019 (WAM) The price of OPEC basket of fourteen crudes stood at US$69.88 a barrel on Wednesday, 8th May, compared with $70.45 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light and …
Read More »Inflation in Egypt fell to 12.5% in April
Media In\ Cairo- 09-05-2019 Egypt’s annual inflation rate fell to 12.5% in April, compared to the corresponding month of 2018, which recorded 12.9%, according to the monthly statement on consumer prices released today by the Central Agency for Public Mobilization and Statistics. The statement pointed out that the rate of …
Read More »Emirates Group reports a jump in revenue by 10% in its 2018-19 annual report
Media IN/Abu-Dhabi/09-05-2019: Aviator The Emirates Group today Thursday announced steady revenue growth in its annual report 2018-19, which saw its profits being bolstered by a significant rise in oil prices, plus unfavourable currency movements in certain markets. The group said in a statement that despite many challenges faced by the …
Read More »TAQA records 1 per cent increase in revenue in Q1 2019
Media IN/Abu-dhabi/ 9th May, 2019 (WAM) TAQA a leading global energy company headquartered in Abu-dhabi with in 11 countries, today announced its financial results and operational highlights for the three month period ending 31st March, 2019 TAQA recorded AED4.3 billion of revenue in the quarter. The company reported AED2.4 billion …
Read More »Central Bank of Bahrain: Treasury bills issue 1755 oversubscribed by 332%
Media IN/ Abu-dhabi/ 09-05-2019 (BNA) Manama: The Central Bank of Bahrain (CBB) announced that the BD 35 million monthly issue of Government Treasury Bills has been oversubscribed by 332%.The bills, carrying a maturity of 182 days, are issued by the CBB, on behalf of the Kingdom of Bahrain. The issue …
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