News

Media IN Abu-Dhabi 25-May-2019 The Consumer Price Index (CPI) In the Emirate of Abu Dhabi declined by 8% during the second week of Ramadan, compared to the first week. Prices in the food and beverage segment fell 3% during the second week of Ramadan, the Statistics Centre – Abu Dhabi …

Media IN Abu-Dhabi 25, May 2019 Under the agreement, the two entities are looking into a possible 15 year, three-phase plan to develop 7.6 square  kilometres of land at KIZAD The agreement was signed by Samir Chaturvedi, CEO of Kizad, and Meng Changjun, president of Investments, East Hope Group, in …

Media IN Dubai 25 May, 2019 The UAE government last week decided to issue 10-year visas to investors, which has been widely hailed by industries, particularly by the startup community. The government’s approach to boost the ease of doing business has encouraged many investors locally as well as from the …

Media IN LONDON  25-05-2019: The Mauritius-headquartered IHS — which buys or builds mobile phone masts and then leases them to telecoms companies — said in March it had struck a deal with Zain KSA to buy its 8,100 towers in Saudi Arabia. It will then lease them back to the …

Media IN CAIRO 25th-05-2019 Egypt’s central bank on Thursday kept its key interest rates unchanged. The central bank held its overnight deposit rate at 15.75% and its overnight lending rate at 16.75%, a bank statement said. Leaving them unchanged is “consistent with achieving the inflationary target of 9 percent (±3 …

Media IN VIENNA, May 24 2019 The OPEC daily basket price stood at USD 68.56  a barrel Thursday, compared with USD 71.03 the previous day, the cartel said on Friday. The annual average of the OPEC basket price hit USD 52.43 pb in 2018. OPEC members and independent producers had …

Media IN Abu-Dhabi, 24th May, 2019 WAM Prime Minister of Mali, Boubou Cisse, has been briefed on the role played Khalifa Fund for Enterprise Development in ramping up the SMEs sector in the country, this came as the African premier and his accompanying delegation visited the Fund’s premises on Thursday. …

Media IN Abu-Dhabi 24th-05-2019 A consortium led by French EDF Renewables won a tender to build an 800-megawatt solar plant near the Moroccan city of Midelt. The winning consortium for Noor Midelt I is led by French company EDF Renouvelables in collaboration with UAE renewables developer and operator Masdar, as …

23-05-2019 Media IN Dubai The real estate transactions in the Department of Land and Property in Dubai achieved more than 6.3 billion dirhams. This week, the department recorded 784 sales of AED 1.3 billion, of which 85 land plots worth 350 million dirhams and 699 sales of apartments and villas …

Media IN Umm Al Quwain 23-05-2019 The Umm Al Quwain Businesswomen Council held today the first preparatory meeting for the new session of the council which runs from 2019 till 2022 for the election of the Board of Directors which resulted in the selection of Aisha Rashid Latim as President …