News

Media IN Abu Dhabi:11th-06-2019 The Italian energy sector looks set to play a key part in European participation at the 24th World Energy Congress, taking place in Abu Dhabi from 9-12 September, following today’s visit to the country by the leadership of the Congress Organising Committee. During the meeting, discussions was …

Media IN VIENNA, 11th June, 2019 (WAM) The price of OPEC basket of fourteen crudes stood at US$63.01 a barrel on Monday, 10th June, compared with US$62.71 the previous Friday, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …

DUBAI, 11th June, 2019 (WAM) Dubai Chamber of Commerce and Industry, has announced its plans to host the 5th edition of the Global Business Forum  Africa on 18th – 19th November, 2019, in Dubai. GBF is part of Dubai Chamber’s Global Business Forum series which focuses on emerging markets across …

Media IN DUBAI, 11th June, 2019 (WAM): Dubai’s Jebel Ali Port has emerged as the UAE’s leading hub for the used cars sector, generating some AED31.8 million ($ 8.6m)  in automotive spare parts trade, revealed DP World UAE Region. DP World UAE Region is offering its customers the most robust …

Media IN DUBAI:11th-06-2019 WAM Dubai Islamic Bank (DIB) said on Monday it has received regulatory nods to acquire 100 per cent in Noor Bank, through which its assets would reach Dh275 billion. With the planned acquisition, DIB said it would consolidate its position as the one of the largest Islamic …

Kuwait, 10th-June-2019 KUNA The exchange rate of the US Dollar remained at KD 0.303, same did the Euro at KD 0.343, said the Central Bank of Kuwait on Monday. The Central Bank of Kuwait indicated that the British pound Sterling went down to KD 0.385, and the Swiss Franc down …

Kuwait, 10-June-2019 KUNA Boursa Kuwait ended trading Monday on mix board as the premier market index went up by 66.89 points to reach 6,438.89 points. The main market index went down by 4.13 points to reach 4,788.66 points, on the other hand, the All share market index went up by …

Media IN LONDON, June 10, 2019, SPA The euro fell 0.2% to $1.1306 after hitting $1.1348 last week, its highest since March. The dollar index gained 0.3% to 96.825. The greenback had weakened last week after poor economic data encouraged investors to scale up their bets that the Federal Reserve …

Media IN Manama, June 10 (BNA): Bahrain All Share Index has closed at 1,451.41 points marking an increase of 5.40 points above  the previous closing . This increase was due to the rise   in the Commercial Banks Sector, Investment Sector, Services Sector and Hotels & Tourism Sector. Bahrain lslamic Index …

Media IN Dubai 10th-06-2019 WAM ENOC Group has secured a five-year US$690 million term loan from a Chinese consortium of banks as China’s biggest financial institutions endorse the Group’s operational and financial health.  The term loan will finance general corporate purposes as ENOC continues to fuel the local economy through …