Media In Abu Dhabi 23 -01-2019 / WAM The total direct UAE investments in the Egyptian market reached 5.9 billion dollars during the last four years by the end of 2018, representing the second largest Arab country in the list of countries investing in Egypt amid expectations of growth of …
Read More »DP World announces additional stake in DP World Australia
Media IN Dubai 23 -01-2019 / WAM Dubai Ports World (DP World) said today it has acquired additional stake in DP World – Australia Holdings, a private equity firm limited to Getway Investment Investments and other investors. DP World Australia has a market capitalization of 1.4 billion Australian dollars (about …
Read More »AED 502 million of Dubai property transactions today
Media IN Dubai 23 -01-2019 / WAM Real estate transactions in the Dubai Land Department have generated more than AED 502 million, with a total of 75 million dirhams, of which 16 million were sold, and AED 59 million were sold for AED 60 million. The most important land sales …
Read More »Dubai Commercial Bank’s net profit for the year 2018 is AED 162.1 billion
Media IN Dubai 23 -01-2019 / WAM Commercial Bank of Dubai recorded a net profit of AED 162.1 billion for 2018, an increase of 16 per cent compared to 2017 as a result of a 3.1 per cent increase in operating income and a 4.7 per cent reduction in operating …
Read More »A delegation of UAE and Egyptian businesswomen visits the Ajman Chamber
Media In / Ajman 23 -01-2019 / WAM Abdullah Al Muwaiei, Chairman of Ajman Chamber of Commerce and Industry, praised the role of businesswomen and their active contribution to the development of the local economy and their keenness to implement innovative projects. He stressed the importance of the role of …
Read More »The stability of the wholesale price index for December 2018 in Saudi Arabia
Media In / Riyadh January 23, The monthly index of the wholesale price index was released by the Saudi General Organization for Statistics and showed that the index remained steady at 116.9 in December 2018. There was no change from the previous month (November 2018). The index includes five sections: …
Read More »Bahrain’s general and Islamic index is closing higher
Media IN / Agencies 22 -01- 2019 Bahrain General Index closed today at 1,352.46, up 2.60 points from the previous close, and the Bahrain Islamic Index closed at 804.04, up 3.70 points from the previous close. The volume of traded shares amounted to 3 million, 636 thousand and 916 shares …
Read More »AED 1.2 billion in Dubai property transactions today
22-01-2019 Media in \Dubai Real estate transactions in the Dubai Land Department have generated more than AED1.2 billion, of which AED 1 billion were mortgages through 41 transactions. Today, the department has registered 98 pledges of 200 million dirhams, including 23 plots of land for 100 million dirhams and 75 …
Read More »Issuing a license for the first facility with special purposes for practicing the issuance of debt instruments in Saudi Arabia
Media In / Riyadh 22 January 2019 The Saudi Capital Market Authority license for the first special purpose entity ( “master Finance”) for the issuance of debt instruments backed by assets in accordance with the rules governing special-purpose facilities issued by the Commission. This license is the first of its …
Read More »Dubai Financial Market: The “Customization Account” mechanism is gaining momentum
22-01-2019 Media in \Dubai Dubai Financial Market (DFM) today announced that the Privatization Account has recently gained momentum amid increased activity by Al-Arqam Securities, which has benefited from the availability of this service to carry out transactions for its clients from international funds. Through this sophisticated and effective mechanism, “Figures …
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