Media IN Abu Dhabi 5th-07-2019 The grid-connected project was financed by ADFD with US$15 million under the IRENA/ADFD Project Facility and will deliver enough electricity to power the equivalent of nearly 7,000 Cuban homes. The solar PV project contributes to the Cuban government’s national objectives to reduce the use of …
Read More »The Saudi Fund for Development signs an agreement to establish and equip government schools in Jordan worth $ 50 million
05-07-2019 Amman Jordan’s Minister of Planning and International Cooperation Mohammed Al-Assass yesterday signed with the Vice Chairman of the Board of Directors of the Saudi Fund for Development and Managing Director Dr. Khalid Bin Sulaiman Al-Khudairy the financing agreement for the establishment and equipping of government schools in different regions …
Read More »Gold prices up 0.2%
London 05-07-2019 The spot gold price of gold rose 0.2% to $ 1417.81 and fell 0.1% to $ 1419.80. Gold has generally gained more than 12% or $ 150 since touching the lowest level since the beginning of the year at 1265.85. (USD) per ounce in early May as …
Read More »The Egyptian government announces the move of fuel prices
Cairo 05-07-2019 The Egyptian Cabinet approved the increase in the prices of petroleum products as of 9:00 am today. The Ministry of Petroleum and Mineral Resources said in a statement today that the price of 80 petrol has become 6.75 pounds per liter, the price of petrol 92 has become …
Read More »Oil prices fall today by 1%
London, July 05, 2019 SPA The price of a barrel of crude oil contracts Brent 0.1% today to 63.25 US dollars The price of a barrel of crude oil contracts of US benchmark WTI today, the rate of 1.1% to 56.72 US dollars. Analysts attributed the decline to the tension …
Read More »Kuwait oil price up 96 cents to US$63.30 pb
Media IN KUWAIT, 5th July, 2019 (WAM) The price of Kuwaiti oil went up 96 cents to US$63.30 per barrel compared to $62.34 pb the day before, said the Kuwait Petroleum Corporation on Friday. At the global level, the Brent crude went down by 52 cents to $63.30 pb, the …
Read More »OPEC daily basket price announced for Thursday
Media IN VIENNA, Austria, 5th July, 2019 (WAM) The price of OPEC basket of fourteen crudes stood at US$63.43 a barrel on Thursday, compared with US$62.69 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light and …
Read More »Non-oil trade in Abu Dhabi hit AED 71.4bn in Four Months
Media IN Abu Dhabi 5th-07-2019 WAM The non-oil trade through the emirate of Abu Dhabi edged up by 0.5% year-on-year during the first four months of 2019 to AED 71.44 billion from AED 71.4 billion, data by the Statistics Centre Abu Dhabi (SCAD) showed. The emirate’s re-exports rose by 19% …
Read More »India’s economic growth to rebound from Five year low
Media IN DELHI 5th-07-2019 India’s economic growth is projected to recover this year from its lowest level since five years, as the political stability in the Asian nation boosted a pickup in demand and investment inflows. In real terms, India’s gross domestic product (GDP) for the fiscal year started last …
Read More »Abu Dhabi Fund for Dev’t launches AED240 million infrastructure projects in Albania
Media IN TIRANA, Albania, 4th July, 2019 (WAM) A delegation from Abu Dhabi Fund for Development (ADFD) announced it has taken part in the official inauguration of the final phase of its AED 240 million ($65 million) Tirana Northern Boulevard and Tirana River Rehabilitation projects in Albania. The ADFD’s funded …
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