Finance & Business

Media IN/Abu-dhabi /07 May 2019 The Abu Dhabi Investment Office (ADIO) announced on Tuesday that it has opened the AED535 million ($145.6 million) Ghadan Ventures Fund to support the emirate’s growing venture capital and start-up ecosystem. Managed by ADIO, the new fund is part of the government’s Ghadan 21 programme …

Media IN/ABU DHABI/ 7th May, 2019 (WAM) The Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), and the  Chairman and CEO of Exxon Mobil Corporation (ExxonMobil), met to explore new opportunities for collaboration in the upstream and downstream sectors, and discuss wider regional and …

Media IN/Abu-dhabi/ 7th May, 2019 (WAM) Emirates Institute for Banking and Financial Studies (EIBFS) has signed a Memorandum of Understanding with Al Etihad Credit Bureau (AECB)to promote financial literacy in the UAE. The General Manager of EIBFS together with the Chief Executive Officer of AECB, inked the agreement at the …

Media IN/Abudhabu/07-05-2019 The exchange rate of the US Dollar stood at KD 0.303 and Euro at KD 0.304, said the Central Bank of Kuwait on Tuesday The CBK added that the British pound Sterling was stable at KD 0.398, while the Swiss Franc went down to KD 0.298. The japanese …

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 …

Media IN/Abu dhabi/ 06-05-2019 Boursa Kuwait ended trading Monday in green zone as the premiere market Index went up by 20.86points to reach 6,190.64 points. The main market index went up by 27.96 points to reach 4,845.34 points same as the All share market index which rose by 23.06 points …

Media IN/Abu dhabi/ 6th May, 2019 (WAM) Today Dubai Science Park  (DSP), a holistic science-focused community that provides support and a business-friendly ecosystem for entrepreneurs, SMEs and international companies active in the sciences, energy and environment has  signed a partnership agreement with 1792 Partners, a global advisory and venture firm …

Media IN/Abu-dhabi/06-05-2019 KUNA The exchange rate of the US Dollar was stable at KD 0.303, same did the Euro at KD 0.340, said the Central Bank of Kuwait (CBK) on Monday The CBK added that the British pound Sterling was down to KD 0.398, while the Swiss Franc stayed at …

Media IN/Abu-dhabi/ 6th May, 2019 (WAM) Today Dana Gas announced its financial results for the first quarter ended 31st March 2019, declaring that net profit was up 150% in Q1 2019, reaching $35 million (AED128 million) as compared to $14 million (AED51 million) in Q1 2018. The higher net profit …

Media IN/SHARJAH/6th May, 2019 (WAM) Air Arabia today reported strong financial results for Q1 2019, posting a net profit of AED128 million for the three months ending March 31, 2019, a 16 percent increase compared to the corresponding 2018 figure of AED110 million. The sharjah Air based carrier said in …