Media IN Kuwait, MAY 18 2019 Kuwait’s non-oil exports rose 30 percent last April, compared with the same time period in 2018, announced the ministry of commerce and industry on Saturday. Total exports were about KD 12.3 million (approximately USD 40 million), compared with KD 8.8 million in 2018 (about …
Read More »Meeting of the Joint Ministerial Committee of OPEC and its partners to monitor the production agreement in Jeddah tomorrow
18-05-2019 Media IN Jeddah The fourteenth meeting of the Joint Ministerial Committee to monitor the reduction of production between the Organization of the Petroleum Exporting Countries (OPEC) and the countries outside it (OPEC +) will be held tomorrow in Jeddah to discuss the situation of the world oil markets, follow …
Read More »OFID contributes US$50m to support Pakistan’s economic growth and Energy
Media IN Vienna, 18th May, 2019 WAM OFID was established in January 1976 by the then 13 member countries of OPEC; including the United Arab of Emirates. Among the reasons for its establishment is that it was to act as a channel of aid to the developing countries. The fund …
Read More »Key development projects underway in Fujairah: WAM report
Media IN Fujairah, 18th May, 2019 WAM A wide range of development projects are underway in the UAE’s East Coast Emirate of Fujairah as it seeks to diversify its economy. The projects are being carried out in accordance with the directives of H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme …
Read More »Jafza to inject AED1.3 billion into Dubai’s economy
Media IN Dubai, 18th May, 2019 WAM Jebel Ali Free Zone, Jafza, the GCC’s largest special economic zone, will become the first free zone in the country to return cash and bank guarantees to its clients through its new Workforce Protection Programme initiative that is set to roll out in …
Read More »Ajman Chamber organizes its annual Ramadan Forum to boost international economic cooperation
Media IN Dubai, 18th May, 2019 WAM Aiming to increase cooperation and strengthen international partnerships, the Ajman Chamber of Commerce and Industry, ACCI, organised the annual diplomatic forum in the presence of ambassadors, consuls, heads and representatives of trade councils from various Arab and foreign countries. Held at Madinat Jumeirah, …
Read More »Stocks Fall for Second week on Trade concerns
Media IN Abu-Dhabi 18-05-2019 U.S. stocks fell for the first time in four days, with technology shares bearing the burden of the selling in a market flustered by a bombardment of trade -related headlines. The dollar rose. The S&P 500 declined a second week for the first time this year …
Read More »The exchange rate of the dollar against the ruble on the Moscow Stock Exchange
Media iN / Moscow 18-05-2019 / WAM The exchange rate of the US dollar against the Russian ruble in trading on the Moscow Stock Exchange today. The dollar rose by 7 kopek to 64.63 rubles while the euro fell 12 kopec to 72.25 rubles.
Read More »Shares in Beirut Stock Exchange end the week down by 3.54%
MEDIA IN \ BEIRUT 18 -05- 2019 SPA The BLOM Invest stock and stock exchange index on the Beirut Stock Exchange ended its week down by 3.54%, closing at 839.58 points. While the volume of shares traded rose to 117,595 shares worth 880 thousand and 738 US dollars, compared to …
Read More »OPEC Allies Get Back on Track with Oil cuts
Media IN Abu-Dhabi 18-05-2019: Source OPEC/IEA Organisation of Petroleum Exporting Countries (OPEC) and its partners are once again cutting production as promised in their effort to steady the market. In April both sides of the so called OPEC plus alliance complied with their supply pact for the first 16 …
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