News

22-04-2019 Media in\ Dubai Dubai Mercantile Exchange (DME), today announced the start of public consultations to add Abu dhabi Murban crude oil as an alternative delivery crude into its flagship  DME Oman crude oil Futures contract, after receiving preliminary regulatory approval. With an estimated production capacity of 1.7 million barrels …

Media in\ Riyadh 22-04-2019 The index of Saudi Arabia’s main stock closed today down 44.65 points to close at 9195.02 points, with trades worth more than 3.5 billion riyals. More than 150 million shares were traded, with more than 100,000 traded, with 34 companies posting gains, while 143 stocks closed …

22-04-2019 Media in\ Dubai Dubai Economic Outlook predicted that the emirate’s real GDP growth in the short to medium term would reach 2.1%, 3.8% and 2.8% in 2019, 2020 and 2021 respectively. The initiatives and investments led by the Government of Dubai and the growth prospects of the trading partners …

22-04-2019 Media in\ Cairo The Central Bank of Egypt, in cooperation with the Secretariat of the Board of Governors of the African Central Banks Association, organized two three-day workshops on “Developing a framework for the integration of regional payment systems” and “Developing a regional integration strategy for mobile payment in …

Media in\ Abu Dhabi 22-04-2019 The total value of remittances between banks operating in the UAE through the UAE Exchange System (UAFTS) reached AED 2.58 trillion during the first quarter of 2019, an increase of 7.5% compared to 2.4 trillion dirhams in the same period of 2018. The value of …

22-04-2019 Media in\ Jeddah The Tunisian-Saudi Economic Forum concluded its work at the Jeddah Chamber today, after having witnessed bilateral meetings with Saudi and Tunisian businessmen with the participation of 25 Tunisian companies specialized in the fields of food industry, agricultural products, tourism services, pharmaceutical industry, tourism services, textiles, clothing, …

22-04-2019 Media in\ Abu Dhabi The number of cheques processed through the Emirates cheque Clearing System reached 6.641 million during the first quarter of 2019, amounting to about 307.32 billion dirhams. According to statistics released today by the Central Bank of UAE, the value of cheques carried out during the …

22-04-2019 Media in \Kuwait KUWAIT: The Kuwait Stock Exchange closed the day at a low of 51.6 points to reach 5748.8 points, a decrease of 0.89%. The total volume of transactions was 193.9 million shares through 6875 transactions worth KD 34.7 million (about US $ 114.5 million). The main index …

22-04-2019 Media in\ Abu Dhabi The Foreign Trade Sector of the Ministry of Economy has declared a maximum of 5 working days for the approval of a foreign direct investment license in the UAE if this project is included in the positive list established under the Foreign Investment Law. The …

Media in\ Riyadh 22-04-2019 The total cargo handled in the Saudi ports during the first quarter of this year reached 66,335,121 million tons, an increase of 7.62%. The number of containers issued and delivered reached 1,682,806 million containers, an increase of 7.02% compared to the same period of 2018. The …