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Media IN DUBAI -27th-06-2019 Dubai Aerospace Enterprise, DAE, announced Thursday that it has signed a new long-term unsecured revolving credit facility with First Abu Dhabi Bank PJSC and HSBC Bank Middle East Limited as bookrunners and mandated lead arrangers. Following an oversubscription in syndication the Facility was closed at an …

Media In / Riyadh, July 27, The General Grain Corporation announced today its third tender for the year 2019 to import 715,000 tons of wheat for supply during the period (September – November 2019) distributed over 12 vessels, 7 vessels for Jeddah Islamic Port, 4 vessels for King Abdul Aziz …

Media IN ABU DHABI, 27th June, 2019 (WAM) Abu Dhabi National Oil Company completed its $4bn deal with BlackRock and KKR who will in exchange have a 40 per cent stake in its pipeline infrastructure. Adnoc said in a statement on Thursday that the infrastructure funds financed by a syndicate …

Media IN SINGAPORE,  27, June 2019, SPA Tokyo’s benchmark Nikkei 225 rose 1.2% to 21,338.17 and the Kospi in South Korea climbed 0.6% to 2,133.53. Hong Kong’s Hang Seng was up 1% at 28,514.97. The Shanghai Composite jumped 0.5% to 2,990.77 and Australia’s S&P/ASX 200 added 0.3% to 6,658.20. Shares …

Media IN Manama:27th-06-2019 Zoho has launched an e-commerce solution, Zoho Commerce, to help businesses set up and manage online sales. Zoho Commerce is powered by Zoho’s Artificial Intelligence (AI) assistant Zia and is VAT-compliant. Deep integration with other Zoho products like Zoho Books (online accounting software) and Zoho Campaigns (email …

Media IN DUBAI, 27th June, 2019 (WAM) According to a press statement, Dubai Aerospace Enterprise, DAE, had repurchased the circa 4% of its common shares owned by Emaar Properties PJSC and now owns 100 percent shares. DAE is wholly owned by the Investment Corporation of Dubai, ICD, the principal investment …

Media IN VIENNA, 27th June, 2019 (WAM) The price of OPEC basket of fourteen crudes stood at US$65.60 a barrel on Wednesday, 26th June, compared with US$64.79 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …

Media IN DUBAI, 27th June, 2019 (WAM) Sultan bin Saeed Al Mansouri, Minister of Economy, and Patrizio Fondi, Ambassador of the European Union, EU, to the UAE, discussed the development cooperation between the UAE and the EU, focussing on their development, economic, commercial and investment partnerships. Their discussion took place …

Media IN ABU DHABI, 27th June, 2019 (WAM) The total banks’ reserves at Central Bank of the United Arab Emirates amounted to AED298 billion by the end of May, a growth of AED5 billion during the past five months. A bank reserve is the currency deposit that is not lent …

Media IN Abu Dhabi: 27th-06-2019 Adnoc’s “Umm Al Lulu”, one of the largest offshore gas processing platforms in the world, was inaugurated on Wednesday by Shaikh Hazza Bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council. The new platform was built in the UAE for Adnoc by the …