News

Media IN SHARJAH, 24th July, 2019 (WAM) The Sharjah Islamic Bank’s, SIB, net profit rose to AED290.5 million in the first half of 2019 compared to AED283 million achieved during the same period last year, an increase of three percent. The bank’s total assets reached AED44.3 billion at the end …

Media IN DUBAI, 24th July, 2019 (WAM) Etihad Credit Insurance, ECI, the UAE federal credit insurance company, has signed three strategic Memoranda of Understanding, MoUs, with China Export and Credit Insurance Corporation, SINOSURE, the Industrial and Commercial Bank of China, ICBC, and the Bank of China aimed at boosting trade, …

Media IN ABU DHABI, 24th July, 2019 (WAM) UAE has maintained its high ranking in this year’s Global Innovation Index (GII). Results – marked against performance in human capital and research, infrastructure, creative outputs, and institutions – were presented in the Indian capital of New Delhi in front of leading …

Media IN JAKARTA, 24th July, 2019 (WAM) Two preliminary agreements between global trade enabler DP World and Indonesia’s leading conglomerate Maspion Group were signed today to create a US$1.2 billion container port and industrial logistics park in East Java. This is the  first joint venture of its kind in the …

Media IN BOGOR, Indonesia, 24th July, 2019 (WAM): The Abu Dhabi National Oil Company (ADNOC) signed a comprehensive strategic framework (CSF) agreement with PT Pertamina, an Indonesian state-owned oil and natural gas corporation, on Wednesday, Reuters reported. Under the agreement, both parties will partner up to develop the oil and …

Media IN Dubai 24th-07-2019 The Dubai Financial Market (DFM) hit record highs on Wednesday on the back of the rising blue-chip stock. The DFM’s general index jumped 23.21 points, or 0.82%, finishing today’s trading session at 2,855.74 points, its highest level since August 2018. Trading volume stood at 299.563 million …

Media IN Abu Dhabi  24th-07-2019 The Abu Dhabi Securities Exchange (ADX) closed Wednesday’s trading session on a positive note, backed by Aldar Properties’ stock. The ADX’s general index went up 13.15 points, or 0.25%, to 5,357.01 points. Trading volume amounted to 104.810 million shares exchanged at a turnover of AED …

Media IN ABU DHABI, 24th July, 2019 (WAM) Abu Dhabi Global Market (ADGM) and Beijing Municipal Bureau of Local Financial Regulation (the Bureau) have announced that they entered an important cooperation to accelerate investment and financial development between Beijing and Abu Dhabi as part of the “UAE-China Comprehensive Strategic Partnership” …

Media IN DUBAI, 24th July, 2019 (WAM) Dubai Land Department, DLD, and Property Finder signed a Memorandum of Understanding on 22nd July for the launch of Dubai’s first official sales and rental price index. This collaboration will create an index called ‘Mo’asher,’ which translates to index in Arabic. The first …

Media IN ABU DHABI, 24th July, 2019 (WAM) Mubadala, OMV and petrochemical leaders PT Chandra Asri Petrochemical Tbk and PT Chandra Asri Perkasa signed a Memorandum of Understanding to explore opportunities for collaboration in the petrochemical sector in Indonesia. The agreement was signed by Musabbeh Al Kaabi, CEO of Petroleum …