Media In / Abha July 3, The exhibition “Residential Expo 2019 Asir”, organized by the Ministry of Housing and Real Estate Development Fund, will be held on July 4 to 8 at the King Fahad Cultural Center in Abha. The exhibition aims to serve the beneficiaries of the “Residential” program, …
Read More »Bahrain Bourse closed higher
Media IN Manama, 3rd July 2019(BNA): Bahrain All Share Index has closed at 1,490.42 points marking an increase of 14.80 points above the previous closing. This increase was due to the rise in the Commercial Banks Sector, Investment Sector, Services Sector and Industrial Sector. Bahrain lslamic Index has closed at …
Read More »Global stocks Market mixed
Media IN BEIJING, 3rd July, 2019, SPA London’s FTSE 100 rose 0.2% to 7,514.62. Germany’s DAX lost 0.1% to 12,506.06 and France’s CAC 40 was off 3 points at 5,565.08. On Wall Street, the future for the benchmark Standard & Poor’s 500 index was down 0.1% and that for the …
Read More »Dubai set to strengthen its status as a hub for Small and Medium Enterprise growth
Media IN DUBAI, 3rd July, 2019 (WAM) As Dubai’s economy enters a new phase of development, the government is launching initiatives to simplify and reduce the cost of doing business, the emirate is set to become an even more productive base for small- and medium-sized Enterprises, SMEs. At the forefront …
Read More »Non-resident deposits in UAE banking system surpass loans by AED64.5 billion
Media IN ABU DHABI,3rd July, 2019 WAM According to statistics from the UAE Central Bank, the value of non-resident deposits in the UAE’s banking system exceeded non-resident loans by AED64.5 billion at the end of May 2019 compared to the same period in 2018. This statistics reflect the trust in …
Read More »OPEC daily basket price announced for Tuesday
Media IN VIENNA, 3rd July, 2019 WAM The price of OPEC basket of fourteen crudes stood at US$63.95 a barrel on Tuesday, 2nd July, compared with US$65.71 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …
Read More »Investments of UAE banks in Saudi Arabia and Egypt hit AED 90 billion
Media IN ABU DHABI, 3rd July, 2019 (WAM): Emirati banks’ investments in Saudi Arabia and Egypt went up to AED 90.4 billion during the first quarter of 2019, which makes up 15.5% of the banks’ total investments abroad, data from the Central Bank of the UAE showed, according to the …
Read More »ADNOC, Korean firms celebrate first oil production from Haliba field
Media IN ABU DHABI, 3rd July, 2019 (WAM) Al Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company (ADNOC), the Korea National Oil Company (KNOC) and GS Energy, and one of ADNOC’s youngest operating companies, announced, Tuesday, it had began producing crude oil from Abu Dhabi’s Haliba …
Read More »Dubai Land Department launches new investment products to stimulate real estate sector growth
Media IN Dubai 3rd-07-2019 Dubai Land Department (DLD) on Tuesday announced the launch of a new initiative which aims to attract a wider range of real estate investors to the emirate. Under the Real Estate Investment Opportunities (REIOs) initiative, several investment products will be launched including collective real estate investment …
Read More »Nasdaq Dubai and Samruk-Kazyna sign MoU on investment promotion
Media IN Dubai 3rd-07-2019: Nasdaq Dubai on Tuesday announced signing a memorandum of understanding (MoU) with Samruk-Kazyna on Tuesday, Kazakhstan’s sovereign wealth fund, to encourage international investment opportunities in Kazakhstan. Under the MoU, both parties will work jointly to promote Islamic capital markets products and solutions in a bid to improve …
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