MediaIn – Agencies – Dubai. 1 \ 11 \ 2018 Dubai World Central, the 22nd largest airline in the world, has received an inaugural flight from Kunming to Dubai. The airline will operate three flights a week between Dubai World Central Airport and Kunming City in Yunnan Province. Dubai World …
Read More »$ 1.2 billion in Egypt to expand the “Midor” refinery for oil
Media In / WAM / 31 \ 10 \ 2018 CAIRO: The Middle East Oil Refining Company (MEEDOR) of Egypt’s General Petroleum Corporation (EGPC) has signed a final agreement with a group of banks for a $ 1.2 billion loan to finance the Midor refinery expansion project to boost oil …
Read More »AED 570 million worth of property transactions in Dubai today
MediaIn + WAM / 31 \ 10 \ 2018 The Dubai Land and Property Department has recorded more than AED 570 million in real estate transactions today, with a total of 203 sales of AED 335 million, of which AED 461 million is for land and AED 157 million for …
Read More »Ruler of Ras Al Khaimah to visit Zanzibar and witness the signing of an agreement on oil and gas exploration
Media + Agencies. 29 \ 10 \ 2018 HH Sheikh Saud Bin Saqr Al Qassimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, met with His Excellency Dr. Ali Mohammed Shinn, President of Zanzibar Region in Tanzania. During his visit, Zanzibar was invited by His Excellency the …
Read More »Dubai Energy welcomes Bapco’s decision to use Oman’s futures contract to price crude oil
2018\10\28\Media In Agencies. The Dubai Mercantile Exchange (DME) has approved the decision of the Bahrain Petroleum Company (Bapco) to approve Oman’s futures contract in pricing its Asian crude oil exports. The Bahrain / Bapco / Oil Company has notified its customers to change the process of crude oil pricing mechanism …
Read More »Saudi Ports is offering its advanced services at C-Trade in Dubai
Media In + Agencies October 29, The General Authority of Ports (Ports) has participated as a gold sponsor in the 9th edition of the SeaTrade Middle East Maritime Exhibition 2018 from 29 to 31 October at the Dubai World Trade Center, the largest maritime exhibition to be held in the …
Read More »Emirates NBD continues the process of digital transformation
Media In / WAM + 28 October 2018 Emirates NBD, the region’s leading banking group, and HortonWorks, a leading provider of data networking solutions, have announced a strategic partnership agreement for the AED 1 billion digital transformation. The agreement is a critical step for Emirates NBD to move forward with …
Read More »The total profits of Agthia during the first nine months of this year amounted to 159 million
MediaIn + WAM October 28, Agthia Group reported a net profit of AED 159 million for the first nine months of 2018, a 9% increase over the same period last year. Agthia also reported net income of AED 1.49 billion, while gross profit margin reached a record 34.7% as a …
Read More »AED 2.65 billion in hotel revenues in Abu Dhabi in 6 months
MediaIn + WAM / October 28, 2018 The value of hotel income in Abu Dhabi reached AED 2.65 billion during the first half of 2018, boosted by an increase in the number of guests and overnight stays. The number of guests rose to 2.4 million guests and nights to 6.3 …
Read More »US stocks end lower
2018 – Media In + Agencies October 26 Major Wall Street indexes closed lower today. The Dow Jones industrial average fell 296.24 points, or 1.19 percent, to 24688.31 points. The broader Standard & Poor’s 500 Index shed 1.73 percent, or 46.88 points, to close at 2658.69 points. . The NASDAQ …
Read More »