News

ABU DHABI, 25th November, 2019 (WAM) Abu Dhabi Securities Exchange, ADX, has given approval for Pattern Day Trader (short-term trading). The product is available for customers through brokerage firms licensed by ADX and the Securities and Commodities Authority, SCA, based on laws set by said authorities to protect investors. ADX …

DUBAI, 25th November, 2019 (WAM) The Department of Economic Development, DED, in Dubai issued 4,763 new licenses for various professional, commercial, industrial and tourism activities in October 2019. This comes in line with the continuing investor confidence in Dubai and new opportunities arising across diverse economic sectors. According to the …

RIYADH, 25th November, 2019 (WAM) The first joint conference between bank officials in Saudi Arabia and the United Arab Emirates, UAE, convened in Riyadh on Sunday to deliberate key challenges and opportunities in areas of direct impact on the two countries’ banking sectors. The conference opened in the presence of …

Abu Dhabi, November 25, 2019 (WAM) The Ministry of Economy and a number of young entrepreneurs discussed the initiative of establishing the UAE Entrepreneur Investors Association to invest in startups in all sectors, especially in the field of innovation and technology. This came during a meeting held by the Ministry …

Abu Dhabi 24 November 2019 Emirates Steel, the largest integrated steel manufacturer in the United Arab Emirates, affiliated to General Holding Company (Industries), has announced its participation in the Big 5 exhibition to be held from November 25 to 28 at the Dubai World Trade Center. The exhibition, featuring local …

Abu Dhabi 24 November 2019 Abu Dhabi Department of Economic Development (DED) officials inaugurated a new branch of Jumbo Electronics Group for technology retail sales at the Galleria Center on Al Maryah Island in Abu Dhabi, with an investment value of over AED 10 million. HE Ghanim Mohammed Al Fandi …

Dubai 24 November 2019 Dubai Aviation Corporation (flydubai) completed a US $ 500 million 5-year co-financing on November 14, 2019. Emirates NBD Capital Limited and Noor Bank acted as the global coordinator for these facilities, while Emirates NBD and Noor Bank acted as the Underwriter. The facilities were launched for …

Cairo, November 24, 2019, SPA — Investment for Africa 2019 Forum was concluded in Egypt on Saturday. The forum, which was organized by Egypt’s Ministry of Investment and International Cooperation, was an opportunity for forging investment deals and making announcements of numerous mega projects that will contribute to an inclusive …

STOCKHOLM, 23rd November, 2019 (WAM) An agreement signed by the UAE and Sweden for startups, innovation and entrepreneurship cooperation will take the two countries’ partnerships to a higher level, Sultan bin Saeed Al Mansouri, Minister of Economy. The MoU was signed by the Ministry of Economy and Swedish Ministry of …

Cairo 23 November 2019 The Egyptian Ministry of Petroleum and Mineral Resources announced the realization of 14 new discoveries “4 gases and 10 oils” in Western Sahara, Eastern Desert, Gulf of Suez, Nile Delta and Mediterranean Sea. This came in a report distributed today on the most important results achieved …