News

MEDIA IN – Abu Dhabi 20 June 2018 WAM The number of local funds registered with the Securities and Commodities Authority reached 22 in 2017 with net assets of AED 1.3 billion. These funds, which are owned by local banks or financial institutions, are invested in local equity markets along …

MEDIA IN – Abu Dhabi 20 June 2018 WAM Mubadala’s Mubadala Mubadala Development Company (Mubadala) completed the acquisition of 10 per cent of Eni’s stake in Egypt’s offshore Shorouk gas concession, which includes the Dhahr natural gas field. Dr. Bakheet Al-Kathiri, CEO of Mubadala Petroleum, said: “The 10% stake in …

Media In – Abu Dhabi, June 20, 2018 and WAM The Council of Ministers adopted a decision to cancel the one-day permit fees for the passage of heavy vehicles in the country in order to reduce the costs incurred in the budgets of development projects in the State and to …

Media IN – Abu Dhabi 20 June 2018 / WAM / Five countries contributed 46.6% of the total imports of Abu Dhabi during the first three months of this year. Japan came first with AED 3.1 billion, followed by Saudi Arabia, USA, India and China. The total value of the …

MEDIA IN – NEW YORK – 20 June 2018 SPA US stocks fell today as markets were hit by an escalation in the US-China trade row, and the Dow Jones index has erased gains since the start of the year to fall into a year-on-year decline. The Dow Jones industrial …

Media iN – Abu Dhabi 19 June 2018 / WAM / The Central Bank of UAE (CBE) has announced that it has amended “Annex 2” to “Banking Loan and Customer Services / 2011”. This amendment sets new limits on fees or commissions on individual customer services. On consumer-related banking services, …

Media In – Cairo – 19 June 2018 SPA The Suez Canal’s shipping channel crossed today 58 ships with loads of 3 million and 700 thousand tons. According to the navigation statistics of the Canal Authority, the convoy of the North included 33 ships with loads of two million tons, …

Media In – Abu Dhabi 19 June 2018 / The Khalifa Fund for Enterprise Development has signed a Memorandum of Understanding (MoU) with Majid Al Futtaim Hypermarkets to provide support to IFAD-supported suppliers providing fresh food, groceries, light appliances, clothing and electrical appliances to the Carrefour chain. The MoU comes …

Media In – Cairo – Saleh Ali – 19 June 2018 Egypt’s exports of agricultural crops rose 12% during the period from September to April of fiscal year 2017-2018. The monthly report of the Export Council of Egyptian Agricultural Crops pointed to an increase in the value of exports during …

“MEDIA IN, Dubai, June 19, 2018 (WAM) The Ministry of Economy discussed with Expo 2020 Dubai ways to enhance joint cooperation to maximize the economic benefits of Expo 2020 on the national economy. The meeting focused on the importance of developing mechanisms to connect entrepreneurs and small and medium enterprises …