News

Media IN Manama, June 11 (BNA): The Central Bank of Bahrain (CBB) announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 672%. Subscriptions worth BD 174.7 million were received for the BD 26 million issue, which carries a maturity of 182 days. …

Media IN LONDON, June 11, 2019, SPA Sterling pulled away from five-month lows versus the euro on Tuesday after British wages in the three months to April rose faster than expected. The pound recovered from five-month lows against the euro of 89.325 pence hit earlier in the session and rose …

Media IN Dubai: 11th-06-2019 WAM Dubai’s Roads and Transport Authority (RTA) has signed a Dh474 million contract to purchase 373 Volvo SB3 buses, along with a 10-year maintenance contract, in support of Dubai’s mobility plan and to cope with the rising number of public bus riders. The new buses are …

Media IN DUBAI, 11th June, 2019 WAM Dubai customs announced that Dubai had recorded a non-oil foreign trade of AED 339 billion in the first quarter of 2019,  registering an increase of seven percent year-on-year from AED316 billion recorded during the same period last year. Exports registered the most growth, …

Media IN Abu Dhabi, 11th June, 2019 (WAM) Self-service kiosks have been set up across all the ports included in the Tax Refunds for Tourists Scheme in order to allow tourists to recover Value Added Tax, VAT, when leaving the UAE. The kiosks are operated by Planet, the company enlisted …

Media IN LONDON, 11th June, 2019 (WAM) Petrofac has secured its third project under a 10-year Framework Agreement with Petroleum Development Oman (PDO) with the award of a procurement services project for the Mabrouk North East Line Pipe Procurement Project in Oman. The contract, valued at approximately US$75 million, is …

Media IN SHARJAH, 11th June, 2019, (WAM) The upcoming edition of the region’s first-of-its-kind forum will bring together top financial experts and business leaders to discuss an array of topics encompassing the realities of regional and global investments within the context of fast-changing commercial and geopolitical developments. Discussions will explore …

ABU DHABI, 11th June, 2019 (WAM) Abu Dhabi-based Etisalat has become the first mobile operator in the Middle East and North Africa to provide 5G coverage inside an international airport. The Midfield Terminal Building (MTB), Abu Dhabi’s new international airport, will become the first airport terminal in the region to …

Media IN DUBAI, 11th June, 2019 (WAM) Launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, AREA 2071 is an interactive platform that brings together the most innovative and creative minds, and stands as a testament to the UAE’s continuous efforts …

 Media IN TOKYO, June 11, 2019, SPA Japan’s benchmark Nikkei 225 rose 0.3% to 21,204.28. Australia’s S&P/ASX 200 added 1.6% to 6,546.30. South Korea’s Kospi gained 0.7% to 2,114.39. Hong Kong’s Hang Seng stood at 27,851.68, up nearly 1.0%, while the Shanghai Composite edged up 2.5% at 2,922.00. Benchmark U.S. …