Media IN/ Abu-dhabi/ 6th May, 2019 (WAM) The 6-12 month term deposits in UAE banks surged to around AED186.8 bn during Q1-2019, a 3.7 growth of AED6.8 bn, official statistics by the Central Bank of UAE have showed. The growth is attributed to a rising demand over this type of …
Read More »Dubai Investments register net profit of AED202 million in Q1 2019
Media IN/Abu-dhabi/ 5th May, 2019 WAM Dubai Investments, the leading, diversified investments conglomerate listed on the Dubai Financial Market, has announced net profit of AED202 million in the first quarter of 2019, compared to AED362 million for the same period last year. Profit for the quarter ended 31st March 2018 …
Read More »Dubai Municipality launches online food safety platform
Media IN / Abu dhabi/ 5th May, 2019 WAM In order to improve food safety awareness within the emirate, Dubai Municipality announced the launch of two smart services that will help attain sustainable city objectives. The two new services include the ‘Food watch Smart Permits’ and ‘Food watch Confidence’. The …
Read More »DXB welcomes 22.2 million Customers in Q1 2019
Media IN/ Abu dhabi,/5th May, 2019: WAM Dubai International, DXB, has welcomed 22.2 million passengers in the first quarter of 2019, down 2.2 percent from the same period last year due largely to reduced flights and a shift in the timing of the Easter holiday. However, Cargo volumes increased 4.1% …
Read More »Dubai opens first Smart floating marine transport to connect metro and buses
Media IN/Abu dhabi/ 05-05-2019 Dubai has opened the UAE’s first smart floating marine transport station at Festival City as part of plans to expand facilities over the next two years. The station accommodates more than 25 passengers, and links the Jadaf -Dubai Festival city line with public buses and creek …
Read More »Amman Bourse falls
Media IN/Amman/ May 05, 2019 Amman Stock Exchange (ASE) on Sunday opened trading with a drop to 1,769 points from its last session’s closure of 1,790 points. The market index fluctuated in the first 15 minutes of today’s session between 1,765 points and 1,769 points with a trading volume of …
Read More »USD stable at KD 0.303
Media IN KUWAIT /05-05-2019 The exchange rate of the US dollar was stable at KD 0.303, same did the Euro at KD 0.340, according to the Central bank of Kuwait (CBK) sunday. The CBK indicated that the British Pound sterling was up to KD 0.400 and the Swiss Franc up …
Read More »Russian startups examine growth opportunities and advantages in Dubai market
Media IN/Dubai:May,3rd 2019 Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, recently participated in a roundtable in Moscow which familiarised Russian startups with Dubai’s entrepreneurial ecosystem and growth opportunities that the emirate offers. The roundtable, organised by Dubai World Trade Centre and PROFEX, provided valuable …
Read More »Emirates announce new codeshare partnership with Brazilian LATAM Airlines
Media IN/ Thursday, May 2nd, 2019 7:38am  Media IN/ BRAZIL, 2nd May, 2019 (WAM) Today Emirates airline announced a new codeshare partnership agreement with LATAM Airlines Brazil covering domestic services in Brazil, providing greater choice and connectivity to its customers. According to the agreement, Emirates passengers travelling to and …
Read More »Nabeel Al-Amoudi attended the Belt and Road Forum for International Cooperation.
The officials discussed ways to strengthen cooperation between the two countries in the transport industry. Delegations from more than 100 countries took part in the event 27 April, 2019/Media IN RIYADH: The Saudi minister of transport and chairman of the Public Transport Authority Nabeel Al-Amoudi, met Chinese Minister of Transport Li …
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