Media in 23-may 2019 The Ministry of Commerce and Investment of Saudi Arabia revealed that the trade records of the e-commerce activity increased by 64% during 2018, with the number of issued records reaching 3192 records, compared with 1940 records in 2017, while the total number of existing trade records …
Read More »Jordan exempts cardboard and paper items from export duties
AMMAN, May 23, 2019 The Jordanian government announced the suspension of export duties on exports of cardboard and paper, in order to preserve current investments in the paper and cardboard trade sector and to encourage future investments in this sector in the absence of local factories using these types of …
Read More »Jordanian Accreditation and Standardization Joining the International Forum of Bodies
AMMAN, May 23, 2019 The Jordanian Council of Ministers held the adoption of the system of government and documentation in the Kingdom of Saudi Arabia. The term “Halal” is used under the Forum Rules The UAE-based forum aims to harmonize accreditation and human rights compliance practices.
Read More »OPEC daily basket price announced for Wednesday
Media IN VIENNA, 23rd May, 2019 WAM The price of OPEC basket of fourteen crudes stood at US$71.03 a barrel on Wednesday, 22nd May, compared with US$71.71 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …
Read More »Asia markets fall amid US-China trade tension
Media IN Abu-Dhabi 23rd May 2019 Asia markets declined in Thursday afternoon trade as investors worried about the ongoing trade tensions between the United States and China. Mainland Chinese shares slipped by the afternoon, as the Shanghai composite declined 0.84% and the Shenzhen component fell 1.67%. The Shenzhen composite also …
Read More »Kuwait GDP rose by 1.6 percent Last Year: World Bank
Media IN Kuwait, May 23rd 2019 Kuwait’s GDP rose by 1.6 percent in 2018 after dropping 3.5 percent the year before, the World Bank revealed on Wednesday. The figures were mentioned by the Gulf cooperation council country Director, on the fringes of the world Bank’s bi-annual economies’ …
Read More »Empower announces the diversification of its portfolio of seven major sectors in Dubai
Media IN Dubai 22-05-2019 Emirates Central Cooling Systems (Empower) provides district cooling services to the seven major sectors in Dubai. Refrigeration services provided by Empower included 71% for residential buildings, 15% for commercial buildings, 11% for hotels and 3% for hospitals, educational and university buildings, shopping centers and factories with …
Read More »Dubai Smart Entrepreneurs Award Winners Announced
Media IN Dubai 22-05-2019 Three emerging companies won the Dubai Smart Entrepreneur Award for the fourth edition of Dubai Entrepreneurship launched by the Dubai Chamber of Commerce and Industry (DCCI) in collaboration with Dubai Smart and supported by du of Emirates Integrated Telecommunications Company on the sidelines of the Enterprise …
Read More »Over 9,514 new business licenses issued in Dubai from January to April
Media IN Dubai 22-05-2019 The number of new licenses issued by the Department of Economic Development (DED) rose to 9514 in the January-April period, a growth of 38.3% against the comparable period in 2018. The strong growth in the number of licenses issued for the various economic activities reflects the …
Read More »Al-Manad Real Estate Dev’t Company signs Loan Pact with Mashreeq Bank
Media IN Sharjah 22-05-2019 WAM Al Manad Real Estate Development Company has signed an agreement with Mashreqbank for syndicated loans worth AED 1 billion to contribute to the resumption of construction work on the two projects in Sharjah, Al Jadah and Masaken Residences. A syndicated loan is one that is …
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