07-07-2019 Amman Jordan and Palestine agreed today to increase the capacity of the electricity link between the two countries to increase the power exported from Jordan to Palestine from 26 megawatts, covering the areas of Jericho and Al-Aghwar currently, to 80 MW to cover the areas of Jerusalem, Ezzariya and …
Read More »Bahrain Bourse closed with increase in points on Sunday
Media IN Manama, July 7 (BNA): Bahrain All Share Index has closed at 1,537.05 points marking an increase of 25.85 points above the previous closing. This increase was due to the rise in the Commercial Banks Sector, Investment Sector and Services Sector. Bahrain lslamic Index has closed at …
Read More »FTA Sets AED7,000 as daily cash VAT refund limit for Tourists
Media IN ABU DHABI, 7th July, 2019 (WAM) H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Chairman of the Federal Tax Authority (FTA), has issued FTA Decision No. (1) of 2019, setting a daily maximum of AED7,000 for cash refunds of Value …
Read More »Blue chips enhance Abu Dhabi securities exchange on Sunday
Media IN Abu Dhabi 7th-07-2019 The Abu Dhabi Securities Exchange (ADX) closed Sunday’s trading session in green territory on the back of the rising blue-chip stocks. The ADX’s general index inched up 3.83 points, or 0.08%, to finish the first session of the week at 5,003.28 points. Trading volume amounted …
Read More »Digital service in commercial courts enhances the business environment
12 Media In / Riyadh 7 July 2019 Twelve digital services within the Saudi commercial judiciary contributed to enhancing the business environment and raising the ceiling of performance and performance. This reflected positively on the beneficiaries and provided them with time and effort. Among the services launched by the Commercial …
Read More »Real estate transactions in Abu Dhabi hit AED31 bln in H1 2019
Media IN ABU DHABI, 7th July, 2019 (WAM) According to the first biannual report of the Department of Urban Planning and Municipalities, DPM, around AED31 billion was generated through 10,000 plus real estate transactions across Abu Dhabi Emirate in first half of 2019. According Falah Al Ahbabi, Chairman of the …
Read More »More than 13,000 plots of land are available for free at the “Asperi Expo Asir” exhibition in Saudi Arabia
Media In / Riyadh 7 July 2019 The Ministry of Housing in Saudi Arabia has begun signing contracts to receive the beneficiaries of free land in the plan of works “Atud” in Khamis Mushait province, as part of the exhibition Expo Expir Asir, which is currently in the King Fahad …
Read More »ADNOC Distribution launches ”Hello Summer” Campaign offering free assisted fueling for July, August
Media IN ABU DHABI, 7th July, 2019 (WAM) ADNOC Distribution today launched its ‘Hello Summer’ campaign offering ADNOC Wallet customers free assisted fueling between 11 am to 5 pm in July and August. Customers not using ADNOC Wallet will also be able to enjoy the same free service for July …
Read More »Women’s real estate investments in Dubai hit AED 8bn in Six months
Media IN Dubai 7th-07-2019 Total investments by women from different nationalities within Dubai’s real estate sector in the first six months of 2019 valued at around AED 8 billion, data by the Dubai Land Department (DLD) showed. These investments were pumped into the emirate through 5,870 transactions by 5,000 female …
Read More »Noor Bank raises circa AED500 million for Azimut’s Fixed Maturity Plan
Media IN Dubai 7th-07-2019 Noor Bank, the UAE’s leading sharia-compliant bank, announced it has partnered up with Azimut (DIFC) Limited to inaugurate the largest US-dollar Islamic fixed maturity plan (FMP) in the UAE under a Dubai International Financial Centre (DIFC) domiciliation. The bank has raised AED 507 million in subscriptions …
Read More »