News

Media IN Abu Dhabi: 28-05-2019 Mubadala Aerospace’s Turbine Services & Solutions (TS&S), the leading Maintenance Repair and Overhaul (MRO) provider for aircraft engines, gas turbines and driven equipment, has unveiled a new identity for its MRO business. Now known as Sanad Aerotech, the new identity marks an important moment in …

Media IN Dubai, 28-05-2019 A total of 6,377 new companies joined Dubai Chamber of Commerce and Industry in the first four months of 2019, bringing membership growth to 20% compared to the 5,316 members accounted for in the same period last year. The number of renewed members reached 39,338 between …

Media IN Dubai 28th-May-2019 The government announced that Ten-year visas for UAE residents are now available for AED1,150,. The visas will be available for investors or their senior employees, as well as those with specialised skills or researchers in various scientific and knowledge fields. The visas will be available for …

Media IN Abu-Dhabi 28-May-2019 Careem  on Tuesday acquired UAE-based bike-sharing company ‘Cyacle’, the company said . Though the financial terms of the deal were not disclosed. As part of the agreement between Careem and Cynacle, a new app will be made available to users through iOS and Android. Users will …

Media IN KUWAIT, May 28 2019:  KUNA The exchange rate of the US Dollar remained at KD 0.303, while the Euro went down to KD 0.339, said the Central Bank of Kuwait on Tuesday. The Central Bank of Kuwait added that the British Pound Sterling went down to KD 0.385, …

Media IN TOKYO, May 28, 2019, SPA Asian stocks mostly rose in trading Tuesday, AP reported. Japan’s benchmark Nikkei 225 added 0.4% in early trading to 21,274.60, while Australia’s S&P/ASX 200 gained 0.6% to 6,490.40. South Korea’s Kospi was little changed but inched up to 2,045.11. Hong Kong’s Hang Seng …

Media IN VIENNA, 28th May, 2019 WAM The price of OPEC basket of fourteen crudes stood at US$67.42 a barrel on Monday, 27th May, compared with US$67.40 the previous Friday, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …

Media IN Abu Dhabi 28th May 2019  Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, today announced that its wholly-owned subsidiary Guinea Alumina Corporation (GAC) has successfully closed the Republic of Guinea’s largest-ever project financing for a greenfield mining project, in …

 Media IN Manama, May 28 (BNA): Bahrain All Share Index has closed yesterday at 1,413.12 points marking an increase of 2.80 points above the previous closing. This increase was due to the raise  in the Commercial Banks Sector and Services Sector. Bahrain lslamic Index has closed at 748.51 points, with no change to its …

Media IN SINGAPORE  28th May 2019: Oil prices were mixed on Tuesday, pressured by a weakening economy, especially in China, yet still supported by ongoing supply cuts from producer club OPEC and U.S. sanctions against Iran and Venezuela. Front-month Brent crude futures LCOc1 , the international benchmark for oil prices, …