Media IN ABU DHABI, 29th June 2019 WAM Emirates Water and Electricity Company, EWEC, has announced that ‘Noor Abu Dhabi’, the world’s largest single solar project, with a capacity of 1,177MW, has began commercial operation. The project will enable Abu Dhabi to boost its production of renewable energy and reduce …
Read More »SAMA: Individual Mortgage Loans jump 3 times in May 2019
Media IN Riyadh, Jun 29, 2019, SP The volume of new residential mortgages for individuals provided by both commercial banks and finance institutions have continued to grow in May 2019, compared with the same period last year, according to a report of the Saudi Arabian Monetary Authority (SAMA). The number …
Read More »UAE to host the World Investment Forum and Asia’s first E-commerce Week in 2020
Media IN ABU DHABI, 29th June, 2019 (WAM) – The UAE will host the World Investment Forum and Asia’s first E-commerce Week in 2020 in Abu Dhabi and will co-chair the 15th Ministerial Conference, UNCTAD, hosted by Barbados in the Caribbean the same year. The event will be hosted by …
Read More »UAE’s National Accreditation System Receives International Recognition
Media IN Abu Dhabi, 29th-06-2019 The Emirates National Accreditation System (ENAS), in the Emirates Authority for Standardisation and Metrology (ESMA), has received international recognition from ILAC. All certificates of accreditation issued by the UAE National Accreditation System for testing laboratories and calibration laboratories in the UAE are recognized worldwide. Thus becoming …
Read More »EU and South American bloc reach trade deal to cut tariffs
Median IN BRUSSELS, 29th June, 2019 WAM The European Union and four South American countries clinched a deal Friday that would create a trade bloc of 780 million people, representing a quarter of the world’s economy. The new trade framework – part of a wider Association Agreement between the two …
Read More »S&P, Nasdaq Rise, Dow virtually Unchanged
Media IN New York, Jun 28, 2019, SPA The broader U.S. stock market rose Thursday. The Dow Jones industrial average was virtually unchanged, rising 5.14 to 26,541.96. Eighteen of the index’s 30 components gained. The broader Standard & Poor’s 500 index rose 11.14, or 0.4 percent, to 2,924.92, ending a …
Read More »The price of an ounce of gold stabilizes at 1400 US dollars
London 28-06-2019 The price of an ounce of gold settled at 1400 US dollars an ounce, where the spot market recorded 1408.23 US dollars. US gold contracts fell 0.2% to an ounce at settlement of $ 1,412. Elsewhere, silver was down 0.1% at $ 15.22 and platinum fell 0.6% to …
Read More »G20 summit Commences today with focus on Global economy
Media IN Osaka 28-06-2019 SPA Japan’s Prime Minister Shinzo Abe has expressed his country’s desire for the G-20 to add momentum to the reforms of the World Trade Organization, warning at the same time of risks that could lead to a global economic downturn. Abe urged the leaders of the …
Read More »Pakistan stocks close 0.38%
28-06-2019 Islamabad The index of the Karachi Stock Exchange, the largest stock market in Pakistan today, rose by 0.38% or 127 points, and closed at 33901 points. The volume of transactions reached 149239500 shares executed in 322 transactions, during which the market value of shares of 185 companies, and the …
Read More »Beirut Stock Exchange closes on improvement
28-06-2019 Beirut The Beirut Stock Exchange (BSE) ended the day up 0.62%, or 4 points, to close at 865.67 points. The volume of shares traded 220 thousand and 730 shares worth $ 1 million and 234 thousand and 54 dollars carried out in 107 deals. The capitalization of listed companies …
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