News

Riyadh 24 -10-2019 \ SPA The Minister of Trade and Investment, Chairman of the National Competitiveness Center (Taysir), Dr. Majed bin Abdullah Al-Qasabi held a press conference in Riyadh today on the occasion of the Kingdom of Saudi Arabia achieved a qualitative achievement in the Doing Business 2020 report issued …

LONDON 24 -10-2019 \ SPA London’s main FTSE 100 index closed higher. The index, which includes the largest (100) companies in the London Stock Exchange gains by 0.93 percent, equivalent to 67.51 points, to reach the level of 7328.25 points.

Abu Dhabi 24-10-2019 The UAE Central Bank’s foreign currency balance increased to AED 374.33 billion in September of this year, an increase of approximately AED 47 billion and a growth of 14.3% compared to AED 327.3 billion in the same month of 2018. The value of bank balances and deposits …

Abu Dhabi 24-10-2019 The total assets of the UAE Central Bank increased by 1% during the month of September 2019, rising to about AED 427 billion compared to AED 422.61 billion in August of the same year. According to data released today by the bank, the significant increase in total …

Abu Dhabi 24-10-2019 The Central Bank of the United Arab Emirates has issued to the banks operating in the UAE a draft regulatory framework for banks’ exposure to the real estate sector for consultation. This framework has been prepared in line with the Central Bank’s ongoing efforts to develop its …

Abu Dhabi 24-10-2019 NASDAQ’s NEXT Deced Inc. and Mubadala Investment Company (Mubadala) announced that they have reached an agreement whereby Mubadala will buy $ 50 million of shares from NEXT DECIDE in a private placement. Next Deced ‘Ordinary Shares to swap at $ 6.27 per share. Mubadala’s investment will strengthen …

Abu Dhabi 24-10-2019 First Abu Dhabi Bank’s net profit for the first nine months of the year was AED 9.4 billion, up 4% compared to the same period last year, while the Group’s third quarter net profit was AED 3.1 billion, up 3% compared to the same period last year …

NEW YORK 23 -10-2019 \ SPA US stocks opened mixed today, with Boeing rising after confirming the timetable for the return of its model 737 Max to service, in exchange for losses from Caterpillar and Texas Instruments, which fell shares due to weak expectations. The Dow Jones industrial average was …

Medina 23 -10-2019 \ SPA Mounir Mohamed Nasser, Chairman of the Chamber of Commerce and Industry in Medina, received at the chamber’s headquarters today the French Consul General Mustafa Maharaj. The meeting, which was attended by a number of officials at the Madina Chamber, dealt with trade relations and means …

Riyadh 23 -10-2019 \ SPA The General Secretariat of the Gulf Cooperation Council (GCC) announced the issuance of the decision of the Standing Committee to Combat Harmful Practices in the International Trade of the GCC States to initiate protection against the increase in imports of some iron products. Accordingly, the …