Media in Dubai 21-05-2019 Dubai Tourism and Commerce Marketing (DTCM) has launched a new initiative to promote the localization of the tourism sector since the launch of the initiative. The Department of Localization of the Sector in the College was able to employ more than 300 citizens in different disciplines …
Read More »USD exchange rate stable, Euro fall against KD
Media IN KUWAIT, May 21, 2019 KUNA The exchange rate of the US Dollar remained stable at KD 0.304, same did the Euro at KD 0.339, said the Central Bank of Kuwait (CBK) on Tuesday. The CBK added that the British Pound sterling went down to KD 0.386, while the …
Read More »Beirut Stock Exchange closed 0.63%
Beirut, 21-21-2015 The Beirut Stock Exchange (BSE) ended the day up 0.63%, or 1 point, to close at 865.65 points. The volume of shares traded 29 thousand and 245 shares worth 155 thousand and 28 US dollars carried out through 11 transactions. The capitalization of listed companies increased to USD …
Read More »The total cash offer by the UAE banks reached AED 1.636 trillion during April
21-05-2019 Media in\ Abu Dhabi The money supply of the UAE’s banking sector rose 0.2% to AED 1.636 trillion at the end of April 2019 compared to AED 1.632 billion at the end of March. The increase in money supply was in its comprehensive sense, according to the Central Bank …
Read More »KUWAIT Bourse ends Tuesday’s trading in green Zone
Media IN Kuwait, May 21, 2019 KUNA Boursa Kuwait ended trading Tuesday in green zone as the premier market index went up by 51.03 points to reach 6,058.34 points. The main market index went up by 10.86 points to reach 4,708.54 points, same as the All share market index which …
Read More »The monetary base in the UAE was raised in April to 386 billion dirhams
21-05-2019 Media in\ Abu Dhabi The value of the monetary base in the UAE rose to AED 386 billion at the end of last April, an increase of AED 13 billion and an increase of 3.5% compared to AED 373 billion in March of the same year. The rise in …
Read More »Abu Dhabi’s hotel business revenue rose 36.8% in February
21-05-2019 Media in \Abu Dhabi Hotel accommodation in Abu Dhabi rose by 36.8% during February compared to the same month of 2018. The growth in revenues coincided with a rise in the price index of accommodation by 17.4% during February of this year compared with January, according to figures released …
Read More »Emirates Steel Partners with Finland’s ECOFER Technologies
Media IN Abu-Dhabi, 21st May, 2019 WAM Emirates steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat), has signed a strategic deal with the Finnish company, Ecofer Technologies. The agreement, due to take effect in 2020, will provide Emirates Steel with …
Read More »Dubai Islamic Economy Development Centre expands European reach through Malta
Media IN DUBAI, 21st May, 2019 WAM) Dubai Islamic Economy Development Centre (DIEDC) organised a roundtable in Malta Islamic Finance Association (MIFA),aimed at expanding the footprint of Islamic economy in Europe, as well as exchanging knowledge and expertise in the Islamic finance field, and enhancing bilateral relations. The Maltese government …
Read More »Borouge announces future growth plans at Chinaplas 2019
Media IN GUANGZHOU, China, 21st May, 2019 WAM Borouge has announced that it will significantly increase production of pre-compounded black polyethylene for pressure pipe applications by investing in a production unit which is expected to be completed within 2020. This latest announcement comes shortly after Borouge confirmed the next expansion …
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