News

Media IN DUBAI, 20th July, 2019 WAM Dubai’s Roads and Transport Authority (RTA) and raid-hailing company Careem on Saturday launched taxi e-hailing brand in Dubai under a Joint Venture (JV) named Hala. The new platform will begin its services to customers as of September 2019 through taxi vehicles, according to …

Media IN SHARJAH, 20th July, 2019 WAM The Sharjah International Airport Free Zone, SAIF ZONE, and Hamriyah Free Zone Authority, HFZA, have bagged two international awards, in recognition of their sustained efforts to develop state-of-the-art business infrastructure that meet investors’ growing needs. The two free zones received the European Society …

MEDIA IN KARACHI, 19th July 2019 (WAM) – The UAE Ambassador to Pakistan Hamad Obaid Al Zaabi, met with Syed Murad Ali Shah, Chief Minister of Sindh, and Imran Ismail, Governor of Sindh, in Karachi on Friday. During the meeting the two parties discussed investment, development and humanitarian projects being …

Media IN ABU DHABI, 19th July, 2019 (WAM) The data from Ookla showed network performance of UAE as one of the highest in the world with the country jumping 16 places in the ranking in one month. According to the latest data from Ookla, a global leader in internet testing, …

Media IN VIENNA, 19th July, 2019 (WAM) The price of OPEC basket of fourteen crudes stood at US$63.10 a barrel on Thursday, compared with US$64.60 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light and heavy …

Media IN New york, July 18, 2019, SPA Wall Street’s main indexes were set for their third day of losses on Thursday, as Netflix reported a surprise fall in U.S. subscribers in a downbeat start to results from high-growth companies. Shares of the streaming pioneer tumbled 11.1% to their lowest …

Media IN Dubai 18th-07-2019 The general index of the Dubai Financial Market (DFM) went up 46.89 points, or 1.73%, to 2,762.98 points on Thursday. Market capitalisation rose to AED 361.57 billion on Thursday, compared to AED 356.3 billion yesterday. Trading volume reached 185.78 million shares, while liquidity hit AED 351.7 …

Media IN Abu Dhabi 18th-07-2019 The Abu Dhabi Securities Exchange’s (ADX) general index jumped 140.92 points, or 2.78%, to 5,218.13 points on Thursday. Market capitalisation went up to AED 533.99 billion on Thursday, compared to AED 521.25 billion yesterday. Trading volume reached 140.5 million shares, while liquidity hit AED 416.3 …

Media IN DUBAI, 18th July, 2019 WAM Dubai Aerospace Enterprise, DAE, announced that Fitch Ratings had assigned an overall ‘BBB-‘ rating, with a stable outlook. DAE’s long-term IDR received a ‘BBB-‘ rating, while its outlook stable senior secured long-term rating was assigned ‘BBB’. In a statement, Firoz Tarapore, Chief Executive …

Media IN ABU DHABI, 18th July 2019 (WAM) Total assets of the UAE’s six national banks totalled AED1.68 trillion in the first half of 2019, an increase of AED170 billion, or 11.2 percent, compared to AED1.51 trillion in the same period of 2018. The sector’s activity is highlighted by the …