Media IN Abu Dhabi 13th-07-2019 The Dubai Financial Market’s (DFM) general index went up 25.05 points, or 0.9%, to 2,660.53 points in a week. The real estate sector grew 3.7%, as Emaar Properties rose 4%, while Emaar Development and Arabtec Holding went up 4.8% and 5%, respectively. Market capitalisation increased to …
Read More »
Media IN Abu Dhabi 13th-07-2019 The general index of the Abu Dhabi Securities Exchange (ADX) rose 60.74 points, or 1.21%, to 4991.69 points in a week. The banking and real estate sector grew, as Abu Dhabi Commercial Bank (ADCB) and Aldar Properties levelled up. Market capitalisation went up to AED …
Read More »
Media IN Abu Dhabi 12th-07-2019 The International Energy Agency (IEA) said that Global oil inventories experienced surprising build-ups during the first half of 2019, as production cuts led by a group of the world’s top producers failed to prevent a market flood. According to the IEA, Global supply outpaced demand …
Read More »
Media IN KUWAIT, 12th July, 2019 WAM The price of Kuwaiti crude oil went up by US$2.02 to settle at US$67.71 per barrel Thursday, compared to US$65.69 pb the day before, said the Kuwait Petroleum Corporation Friday. According to the Kuwait News Agency, KUNA, in world markets, oil prices fell …
Read More »
Media IN Dubai 11th-07-2019 The fees for more than 1, 500 federal government services have been slashed as per a Cabinet decision to enhance the competitiveness of national economy and cut the cost of doing business in the country. The decision, which came into effect on July 1, is part …
Read More »
Media IN VIENNA, 12th July, 2019 WAM According to OPEC Secretariat calculations, the price of OPEC basket of fourteen crudes stood at US$67.57 a barrel on Thursday, compared with $66.10 the previous day. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light and heavy …
Read More »
Media IN VIENNA, 11th July, 2019 (WAM) Global oil consumption is now projected to average 29.3 million barrels per day (bpd), down by 1.3 million bpd from this year, OPEC’s research arm said in its monthly oil market report (MOMR). The Organization of the Petroleum Exporting Countries (OPEC) on Thursday …
Read More »
Media IN ABU DHABI, 11th July, 2019 WAM According to figures released by Statistics Centre – Abu Dhabi (SCAD), the Producer Price Index (PPI) increased in the first quarter of 2019 by 5.1 percent compared with the same quarter in 2018, rising to 81.3 percent in the first quarter of …
Read More »
Media IN VIENNA, 11th July, 2019 (WAM) The announcement was made by the organization on Thursday following the release of 2020 oil market forecasts in the OPEC July Monthly Oil Market Report, MOMR. The Emirate of Abu Dhabi will host in September the Joint Ministerial Monitoring Committee meeting of the …
Read More »
Media IN Abu Dhabi 11th-07-2019 Oil output from member states of the Organization of the Petroleum Exporting Countries (OPEC) dropped last June as US sanctions against Iran helped tighten supply. OPEC crude output fell by 68,000 barrels per day (bpd) to 29.83 million bpd, the producer club said in its …
Read More »
Media ININ Economy We Trust