News

Media IN Abu Dhabi 10th-07-2019 The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announced that local and global applications are welcome to set up digital banks in its International Financial Centre within the emirate. The ADGM aims at offering innovative customer and transactional solutions via digital banks …

Media IN SHARJAH, 9th July, 2019 (WAM) The Sharjah Chamber of Commerce and Industry (SCCI) organised on Tuesday the UAE Sri Lanka Forum to promote investment opportunities available in Sri Lanka and share economic and trade-related ideas and views between the two sides. Held at the SCCI’s headquarters, the event …

Media IN VIENNA, 10th July, 2019 (WAM) The price of OPEC basket of fourteen crudes stood at US$64.35 a barrel on Tuesday, compared with US$64.72 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 Abu Dhabi 10th-07-2019: Abu Dhabi Government and Aldar Properties on Wednesday announced collaboration to deliver AED 5 billion social, economic, and infrastructure projects across a number of key destinations in the Emirate. This move comes in line with the vision of Abu Dhabi aiming to make the emirate …

Media IN NEW YORK 9th July, 2019 (WAM) Richard Branson’s space-tourism venture, Virgin Galactic, plans to go public as part of a deal with a special purpose acquisition company (SPAC) created by Social Capital LP Chief Executive Officer Chamath Palihapitiya. The deal was earlier reported by the Wall Street Journal, …

Media IN PARIS   9th-07-2019 The French government will implement an “ecotax” on plane tickets for flights departing from France from next year. Transport Minister Elisabeth Borne said Tuesday that the tax will be between 1.50 euros ($1.7) and 18 euros ($20). The tax is expected to raise over 180 million …

Media IN Manama,  9th-07-2019 (BNA): Bahrain All Share Index has closed at 1,538.31 points marking an increase of 5.49 points above  the previous closing . This increase was due to the rise  in the Commercial Banks Sector and Industrial Sector. Bahrain Islamic Index has closed at 753.98 points marking a …

Media IN Dubai 9th-07-2019 Dubai Land Department (DLD), represented by its regulatory arm Real Estate Regulatory Agency (RERA) the regulatory entity for the owners’ associations (OA) signed a memorandum of understanding (MoU) with United Bank Limited (UBL) – UAE to manage and service OA accounts. The Director General of DLD, …

Media IN Dubai 9th-07-2019 DP World, a global port operator based in Dubai, has appointed three international banks to arrange a series of investor meetings in Hong Kong, Singapore, and London, starting Wednesday, 10 July. The banks, namely Citi, Dubai Islamic Bank (DIB), and Standard Chartered, will hold the meetings …

Media IN Kuwait  9th-07-2019 The indices of Boursa Kuwait closed Tuesday’s session higher, endorsed by the active trades in line with a growing demand for blue chips and operating stocks. The All-Share Market index added 1.31% or 78.64 points to close 6,096.03 at points. Similarly, both the Main and Premier …