Media IN Abu Dhabi 17th-07-2019 First Abu Dhabi Bank (FAB) achieved an increase of 4% in net profits to AED 3.2 billion during the second quarter of 2019 compared to the same period a year ago. During the first half of 2019, FAB also recorded a year-on-year growth of 4% …
Read More »Global stocks mixed on Wednesday
Media IN TOKYO, July 17, 2019, SPA France’s CAC 40 fell nearly 0.1% in early trading to 21,469.18, while Germany’s DAX was little changed but slightly lower at 12,427.90. Britain’s FTSE 100 slipped 0.3% to 7,558.30. U.S. shares were set to drift higher with Dow futures up 0.1% at 27,366. …
Read More »Amman Stock Exchange rises on Wednesday
Media IN Amman, July 17, 2019, SPA Amman Stock Exchange (ASE) opened trading on Wednesday with a rise to 1,873 points compared to 1,871points of last session closure, according to market sources. The market index fluctuated between 1,873 points and 1,875 points in the first 15 minutes of today’s session …
Read More »RAK Chamber to foster business cooperation with Ghana
Media IN RAS AL KHAIMAH, 17th July, 2019 (WAM) Mohamed Ali Musabbeh Al Nuaimi, Chairman of Ras al Khaimah Chamber of Commerce and Industry, and Samata Gifty Bukari, Consul-General of the Republic of Ghana in Dubai, have discussed strengthening bilateral business cooperation and investment opportunities in different sectors. Al Nuaimi …
Read More »KFED sets operational framework for Entrepreneurship Support Agreement with Togo
Media IN LOME, Togo, 17th July, 2019 (WAM) The Khalifa Fund for Enterprise Development, KFED, has announced an operational set of standards and guidelines to be followed under the recently signed Entrepreneurship Support Agreement with the Togolese Republic, Togo. The strategic agreement, which was signed last March, will provide funding …
Read More »DMCC inks MoU with DED to initiate dual licensing scheme
Media IN DUBAI, 17th July, 2019 (WAM) Dubai Multi Commodities Centre, DMCC, Free Zone and Government of Dubai Authority on commodities trade and enterprise, and the Department of Economic Development, DED, have signed a strategic Memorandum of Understanding, MoU, to collaborate on the licensing of companies in Dubai allowing them …
Read More »Industry of amman and Industrial Cities sign memorandum to promote national industry
[contact-form][contact-field label=”الاسم” type=”name” required=”true” /][contact-field label=”البريد الإلكتروني” type=”email” required=”true” /][contact-field label=”الموقع” type=”url” /][contact-field label=”رسالة” type=”textarea” /][/contact-form] Media In / Amman July 17, Amman, Jordan – The Amman-based Amman-based Industrial Development Company (MADI) and the Industrial Cities Company (MEC) signed a Memorandum of Understanding (MoU) on Wednesday to promote national industry. …
Read More »Mubadala Petroleum secures 20% stakes in two Indonesian concessions
Media IN ABU DHABI, 17th July, 2019 WAM Mubadala Petroleum signed an agreement with British energy firm Premier Oil for a 20 per cent stake in two Indonesian offshore concessions. The company, a unit of Abu Dhabi’s strategic investment firm Mubadala Investment Company will have a 20 per cent interest …
Read More »OPEC’s average output has fallen 1.92 million bpd since the beginning of 2019
Abu Dhabi, July 17, 2019 WAM The Organization of the Petroleum Exporting Countries (OPEC), posted an average rate of 6.4 percent and 1.92 million barrels per day (bpd) in the first half of 2019 compared with 2018 in a move described as consistent with the organization’s earlier decision to maintain …
Read More »India-UAE Bridge to enhance trade and investment ties
Media IN CHANDIGARH, India, 17th July, 2019 WAM The recent launch of the ‘India-UAE Bridge’ initiative is set to attract both Indian and UAE trade and investments as DP World offers technology-driven end-to-end (e2e) smarter trade solutions to Indian trade fraternity. India and the United Arab Emirates are poised to …
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