News

Media IN/Abu-dhabi/06-05-2019 KUNA The exchange rate of the US Dollar was stable at KD 0.303, same did the Euro at KD 0.340, said the Central Bank of Kuwait (CBK) on Monday The CBK added that the British pound Sterling was down to KD 0.398, while the Swiss Franc stayed at …

Media IN/Abu-dhabi/ 6th May, 2019 (WAM) Today Dana Gas announced its financial results for the first quarter ended 31st March 2019, declaring that net profit was up 150% in Q1 2019, reaching $35 million (AED128 million) as compared to $14 million (AED51 million) in Q1 2018. The higher net profit …

Media IN/SHARJAH/6th May, 2019 (WAM) Air Arabia today reported strong financial results for Q1 2019, posting a net profit of AED128 million for the three months ending March 31, 2019, a 16 percent increase compared to the corresponding 2018 figure of AED110 million. The sharjah Air based carrier said in …

Media IN Dubai 07-05-2019 His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has ordered bonus payments of AED26.03 million to Emirati owners of 5,206 taxi number plates operated by Dubai Taxi Corporation and its franchise companies. The Roads and Transport Authority, RTA, …

Media IN/ Abu-dhabi/ 6th May, 2019 (WAM) The 6-12 month term deposits in UAE banks surged to around AED186.8 bn during Q1-2019, a 3.7 growth of AED6.8 bn, official statistics by the Central Bank of UAE have showed. The growth is attributed to a rising demand over this type of …

05-05-2019 Media in\ Dubai The Financial Reorganization Committee organized a workshop to explain the bankruptcy law and financial reorganization procedures with the participation of representatives from the Ministry of Finance, judges and bankruptcy cases in Dubai Courts, Abu Dhabi Judicial Department and Ras Al Khaimah Courts last Thursday at the …

Media In \ Sharjah 05-05-2019 / WAM The Department of Economic Development in Sharjah organized a “Made in Sharjah” initiative for the third year in a row in cooperation with a specialized shop to support the local products of the factories of the Emirate of Sharjah and to complete the …

Media iN / Riyadh 05-05-2019 The index of major Saudi shares closed today, down 157.94 points to close at 9178.96 points, and trades worth more than 3.2 billion riyals. More than 124 million shares were traded, with more than 107,000 shares making gains in 26 companies, while 158 stocks closed …

Media In \ Manama 05-05-2019 Bahrain General Index closed at 1,436.45 today, up 1.87 points from the previous close, while the Bahrain Islamic Index closed at 793.79, closing its previous close. The volume of traded shares amounted to 4, 355 thousand and 136 shares with a total value of BD …

05-05-2019 Media in \Abu Dhabi The Director of Competition and Consumer Protection Department of the Ministry of Economy said that since the beginning of 2018, the Department has carried out 12,681 inspection tours to the country’s markets as part of its keenness to establish sound consumer and commercial practices and …