News

Media IN Ras Al Khaimah 12th-06-2019: WAM In a bid to attract 1.5 million visitors by 2021, Ras Al Khaimah Tourism Development Authority (RAKTDA) has further strengthened its position in Europe with a multi-city roadshow in the UK and Germany last month that brought together more than 370 tour operators …

Media IN ABU DHABI 12th-06-2019 Aldar Properties today launched Alreeman II, a AED1.7 billion master-planned residential community in the Alshamkha area of Abu Dhabi, available exclusively for purchase by UAE nationals. The launch of Alreeman II follows the success of Alreeman, launched in January 2019 which generated AED1.6 billion in …

Media IN Riyadh, June 12, 2019, SPA The number of handling containers reached (619,000), an increase of 6.40%, compared to the corresponding period of the previous year, according to the Saudi Ports Authority ”MAWANI”. The Total tonnage cargo handled in Saudi ports during the month of May 2019 was over …

Media IN VIENNA, 12th June, 2019 (WAM) The price of OPEC basket of fourteen crudes stood at US$62.56 a barrel on Tuesday, 11th June, compared with US$63.01 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 ISLAMABAD, 12th June, 2019 (WAM) The UAE’s US$3 billion deposit with the State Bank of Pakistan has contributed to alleviating the country’s financial crisis and easing pressure on foreign exchange reserves, according to Pakistan’s State Minister for Revenues. Hammad Azhar made the remarks on Tuesday as he presented …

Media IN CAIRO, 12th June, 2019 (WAM) The UAE is heading the 21st meeting of the ‘Arab Trade Remedies Team’ that began on Wednesday at the Arab League headquarters in Cairo, with the participation of representatives of the Ministries of Economy in the Arab World. The UAE delegation was led …

Media IN Dubai, 12th-06-2019: In his capacity as Ruler of Dubai, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, enacted a new DIFC Insolvency Law, Law No. 1 of 2019, the Dubai International Financial Centre (DIFC), the leading international financial hub in the …

Media IN  Abu Dhabi, 12 June 2019 Abu Dhabi Global Market (ADGM), the International Financial Centre (IFC) in Abu Dhabi, is pleased to share that its Financial Services Regulatory Authority (FSRA) has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) to further ADGM’s commitment in …

Media IN DUBAI, 11th June, 2019 (WAM) According to the Artificial Intelligence (AI) Maturity Report in the Middle East and Africa (MEA) a new study commissioned by Microsoft and conducted by Ernst & Young, EY,  the UAE is the second highest regional investor in Artificial Intelligence (AI) over the past …

Media IN DUBAI, 12th June, 2019 (WAM) Over 1.3 million passengers travelled through air, sea and land ports in Dubai during the Eid al-Fitr holiday period, according to the General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA). A total number of 1.175 million passengers passed through Dubai airports, …