08-05-2019 Media in\ Abu Dhabi The combined net profit of banks listed on the Dubai Financial Market reached AED 5.51 billion during the first quarter of 2019, a 17% growth compared to a profit of AED 4.69 billion during the same period of the year. Total assets of banks listed …
Read More »5,279 ATMs operating in the UAE at the end of March, 2019
08-05-2019 Media in\ Abu Dhabi The number of ATMs operating in the UAE reached 5279 during the first quarter of 2019 compared to 5274 during the same period of 2018, according to the Central Bank of UAE. The banks operating in the country are keen to provide electronic services to …
Read More »Investment and industrial Cooperation between Yemen and Belgium discussed
Media In / Abu-Dhabi/ 08-05-2019 DAMASCUS, (SANA) – Yemeni Deputy Minister of Industry Salem Al-Wali on Tuesday discussed with Belgium’s Deputy Foreign Minister Henk Maheu bilateral relations and cooperation in the fields of trade, industry and investment. During the meeting, the two sides discussed the role that Belgian companies can …
Read More »World Bank: Egypt needs $ 50 billion in private sector investment
Media IN/Abu-Dhabi/ 08-05-2019: CAIRO World Bank President David Malpas affirmed the Bank’s support for the Egyptian government’s efforts to continue the process of economic reform and the promising opportunities in the Egyptian market in various economic and social fields aimed at reducing poverty and unemployment and improving living conditions. The …
Read More »Dubal Holding and China North Industries Cooperation (NORINCO) sign a strategic Memorandum of Understanding
Media IN/Abu-Dhabi/8th May, 2019 (WAM) DUBAL Holding and China North Industries Corporation (NORINCO) signed a comprehensive MoU during the week of the 2nd Belt and Road Forum in Beijing to strengthen the strategic cooperation under the framework of the UAE Vision 2021 and China’s Belt and Road Initiative (BRI). The MoU …
Read More »US stocks close lower as trade fears mount with China
Media In New York\ 7-05-2019 US stocks tumbled today, as trade tensions between the United States and China surged, raising concerns linked to global growth and driving investors away from high-risk assets. The Dow Jones industrial average <.DJI> was down 472.17 points, or 1.79 percent, at 25,966.31. The benchmark S …
Read More »OPEC daily basket price announced for Tuesday
Media IN/Abu-Dhabi/ 8th May, 2019-WAM The price of OPEC basket of fourteen crudes stood at US$70.45 a barrel on Tuesday, 7th May, compared with US$70.23 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, includes a mix of blends and light and heavy …
Read More »Japan’s stock index closed lower on fears of worsening trade tensions
Media In – Tokyo 08-05-2019 The benchmark Nikkei <.N225> was down 1.5% to its lowest level in five weeks on Tuesday as concerns over the possible collapse of US-China trade talks continue to push the market as the strong yen pushed export stocks down. Nikkei lost 321.13 points to close …
Read More »Dubai DED issues 2,805 new licenses in April 2019
Media IN/Abu-Dhabi/08-05-2019 Dubai: The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, issued 2,805 new licenses during April 2019, a growth of 60% compared to April 2018 (1,753). The new licenses created 8,375 jobs in the labour market. Among the new licenses issued, 49% …
Read More »Dnata and Lufthansa Group continue to build partnership in US
Media IN/Abu-d=Dhabi/ 8th May, 2019 (WAM) The Dubai-based aviation service provider will provide ramp, secure clean and passenger handling services to Lufthansa at Austin-Bergstrom International Airport and now serves the airline group, including Swiss International Air Lines, Austrian Airlines and Edelweiss Air, at eight airports in the country Expanding their …
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