06-05-2019 Media in\ Dubai The Dubai’s Department of Finance (DOF), in collaboration with Smart Dubai and emaratech, has launched a digital wallet to facilitate the payments for government service fees. The new payment channel, ‘noqodi’, enables individual and corporate customers to pay quickly, easily and securely for different government and …
Read More »“Ramadan Festival 2019” starts in all cities of Sharjah
Madia in / Sharjah 06-05-2019 / WAM / The “Sharjah Ramadan Festival”, organized by the Sharjah Chamber of Commerce and Industry (SCCI), has been launched annually since the beginning of the month of Ramadan in all regions and cities of the Emirate in cooperation with a number of local government …
Read More »UAE banks’ capital adequacy ratio rose to 17.5% by the end of March
Media in Abu Dhabi 06-05-2109 The national banks’ solvency in the UAE continued to rise to levels that were the highest in more than three years. The capital adequacy ratio of these banks (Tier 1 plus Tier 2 / 17.5%) reached the end of March 2019. The rise in the …
Read More »Abu-dhabi ports sign with Dell to accelerate digital transformation
06-05-2019 Media in\ Abu Dhabi Abu Dhabi Ports has signed a Memorandum of Understanding (MoU) with Dell Technologies to integrate expertise in navigation, logistics and IT to develop business-based models, solutions and services for the maritime industry. The MoU aims to provide Abu Dhabi’s ports with consulting services and help …
Read More »NBK net profit exceeds AED 135 million in the first quarter of 2019
06-05-2019 Media In / Umm Al Quwain National Bank of Umm Al-Qaiwain (NBK) net profit reached AED 135.18 million, an increase of 3% compared to AED 131.03 million in the same period last year. The Bank’s report on the results for the first quarter ended March this year attributed the …
Read More »European stocks fall in early trading today
Media iN / London 06 -05-2019 European stocks opened sharply lower today after news of trade tensions between the world’s two largest economies, the United States and China. The downward trend was led by German Dax and French CAC, down 1.7% and 1.8%, respectively. The STOXX 600 index of European …
Read More »Made in Sharjah initiative to promote local industries and products
Media In \ Sharjah 05-05-2019 / WAM The Department of Economic Development in Sharjah organized a “Made in Sharjah” initiative for the third year in a row in cooperation with a specialized shop to support the local products of the factories of the Emirate of Sharjah and to complete the …
Read More »The Saudi Stock Exchange closed at 9178.96 points
Media iN / Riyadh 05-05-2019 The index of major Saudi shares closed today, down 157.94 points to close at 9178.96 points, and trades worth more than 3.2 billion riyals. More than 124 million shares were traded, with more than 107,000 shares making gains in 26 companies, while 158 stocks closed …
Read More »The Egyptian president opens a number of projects and appreciates the support of Arab countries
05-05-2019 Media in\ Cairo Egyptian President Abdel Fattah al-Sisi opened a number of major national projects in the Ismailia and Central Sinai region, most notably the Suez Canal Tunnels and the new Ismailia City, as part of the comprehensive development plan. The Egyptian president warned of the instability that will …
Read More »UAE register a Significant increase in organic farm products
05-05-2019 Media in \Abu Dhabi The UAE has witnessed a remarkable increase in the number of organic plant products over the past six months by 53 percent, with the data of the Emirates Authority for Standardization and Metrology “Specification” showing a clear rise in the number of products from 1240 …
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