News

Media IN Dubai  25th-07-2019 The Dubai Financial Market (DFM) closed the week ended Thursday, 25 July, on a positive note, marking fourth consecutive weekly gain. By the end of this week, the DFM’s general index rose by 3.17% to 2,850.69 points, gaining 87.71 points. Trading volume amounted to 901.465 million …

Media IN BEIJING, 25th July, 2019 (WAM) The Emirati Entrepreneurs Association and The Chinese Trade Council have agreed to reinforce cooperation with regard to SMEs in the coming period. Discussions were held in this regard between Sanad Al Miqbaly, Chairman of the Emirati Entrepreneurs Association, and officials in the Chinese …

Media IN DUBAI, 25th July, 2019 (WAM) — H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, and Chairman of the Federal Tax Authority, FTA, on Wednesday, chaired the 9th meeting of the Board of Directors of the FTA at the headquarters of the …

Media IN San Francisco, July 24 (BNA): US top aircraft manufacturer Boeing Company on Wednesday posted a loss of about 3 billion US dollars in earnings for the second quarter of 2019 as a result of the global grounding of 737 MAX airplanes. Boeing said its quarterly revenue nosedived by …

Media IN WASHINGTON: 24th-07-2019 The International Monetary Fund said on Wednesday its board completed the fifth and final review of Egypt’s $12 billion loan program, allowing authorities in Cairo to draw another $2 billion in funds. The disbursement will complete the amount approved under the three-year extended fund facility program …

Media IN Dungun, July 25 (BNA) China’s Export-Import Bank is expected to finance 85% of a 44 billion ringgit ($10.7 billion) rail link project in Malaysia that will bolster economic development in rural eastern states, Transport Minister Loke Siew Fook said Thursday. The East Coast Rail Link across peninsular Malaysia …

Media IN Tokyo, July 25, 2019, SPA Japan’s Nikkei 225 index added 0.2% to 21,756.55 while the Kospi lost 0.4% to 2,074.48.  In Hong Kong, the Hang Seng gained 0.3% to 28,594.30. The Shanghai Composite index climbed 0.5%, to 2,937.36. Australia’s S&P ASX 200 advanced 0.6% to 6,818.00. India’s Sensex …

Media IN RAS AL KHAIMAH, 24th July, 2019 (WAM) The Chairman of Ras al Khaimah Chamber of Commerce and Industry, Mohamed Ali Musabbeh Al Nuaimi, and Ambassador of Slovenia to UAE, Oto Pungartnik, have discussed means of fostering economic ties. The meeting highlighted the opportunities for cooperation between the private …

Media IN VIENNA, 25th July, 2019 (WAM) The price of OPEC basket of fourteen crudes stood at US$64.58 a barrel on Wednesday, 24th July, compared with $63.92 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …

Media IN ABU DHABI, 24th July 2019 (WAM) WeWork, a global company offering shared workspaces for tech firms, announced on Wednesday the launch of its first location in the United Arab Emirates. WeWork was founded in 2010 to create flexible, innovative and attractive work spaces that help people and businesses …