News

Media IN / London 02-05-2019 Gold fell to its lowest level after comments from Federal Reserve Chairman Jerome Powell shattered hopes of a rate cut soon, boosting the dollar and Treasury yields. At 0610 GMT, spot gold was down 0.3% at $ 1272.01 an ounce, after falling to $ 1270.76, …

Media IN/ FUJAIRAH, 2nd May, 2019 (WAM) As a result of the steady business growth and margin improvement, the operating profit of the National Bank of Fujairah (NBF) rose 15 percent to reach AED285.1 million. This was announced by NBF  for the three-month period ended 31st March, 2019. The NBF …

  Media IN/ ABU DHABI, 2nd May, 2019 (WAM) Hub71, a global tech hub driven by Mubadala in collaboration with Microsoft, SoftBank Vision Fund and Abu Dhabi Global Market, announced that two new partners, Techstars and Starburst, will join Hub71 in Q4 of this year. Hub71 is a key initiative …

Media IN / London 01-05-2019 WAM  Ithra Dubai, which is wholly owned by Investment Corporation of Dubai, ICD, has announced that it had entered into an agreement with luxury accommodation operator, Cheval Collection, to manage its newest mixed-use project, located in Barsha Heights, Dubai. The announcement was made today at …

01-05-2019 Media in\ Abu Dhabi The Abu Dhabi Council for Economic Development, ADCED, announced that its “Sharaka” initiative has been linked to TAMM, the Abu Dhabi Government’s services system, in an effort to improve the government’s smart services, enhance its partnership with the private sector and build a flourishing local …

01-05-2019 Media in\ Abu Dhabi The Ministry of Finance today signed a Memorandum of Understanding (MoU) with Abu Dhabi international Bank and the International Bank for Reconstruction and Development (IBRD) to establish the Center for Global Technology in the UAE.  Human capital and growth in the  Arab Gulf states as …

01-05-2019 Media in\ Dubai The air industry has contributed immensely to the economy of Dubai, where the emirate has an average of 1,500 commercial flights per day, reflecting the continued growth and expansion of the emirate’s aerospace industry and its remarkable success story in a relatively short period of time …

Media in Abu Dhabi, 01-05-2019 / WAM Since its establishment in 2011 until the end of last year, Takamol, a program of the Department of Economic Development (Abu Dhabi), has achieved a remarkable increase in the number of patents, with 690 applications for patents and 317 patents for inventors from …

Media in Muscat The Undersecretary of the Ministry of Economy for Economic Affairs led the delegation of the State participating in the 57th meeting of the GCC Cooperation Committee to be hosted by the Omani capital of Muscat. The delegation included the Assistant Undersecretary for the Commercial Affairs Sector, the …

Media IN /FUJAIRAH, 1st May, 2019 – WAM Oil product inventories in the Fujairah trading hub rose 2 percent week on week to a record 25.749 million barrels Monday, led by an 11 percent jump in gasoline and other light distillates, data released Wednesday by the Fujairah Oil Industry Zone …