MEDIA IN, Dubai, June 2, 2018 (WAM) The Dubai Mercantile Exchange (DME) today announced a new record of open volume / Open Interest / Oman Futures contract of 69,183 contracts on 31 May 2018. The new figure, which is equivalent to about 69.2 million barrels of crude oil, exceeds the …
Read More »Jordan: No tax on Jordanian expatriate income
Media In / Agencies / Amman Director of Communications and Information Department of the Income and Sales Tax Department Moussa Tarawneh explained that the draft law amending the Income Tax Law did not regulate any income tax for Jordanians in the country of expatriation, noting that their income remained exempt …
Read More »Emirates launches daily non-stop service between Dubai and Newark
MEDIA IN, Dubai, June 2, 2018 (WAM) Emirates has launched a new daily service between Dubai and Newark, boosting its daily flights to the airport via the Greek capital of Athens. Emirates operates the Boeing B777-300ER to serve the new flight by dividing the three grades 8 private suites in …
Read More »Sharjah Summer Festival” from July 11 to the end of August
Media In – Sharjah May 31 2018 / WAM / Sharjah Tourism and Tourism Development Authority (SCTDA) has announced the first edition of the Sharjah Summer Festival for two consecutive months from 11 July to the end of August 2018. This is in line with the success of the Sharjah …
Read More »3.6% Tourism growth in Abu Dhabi and Dubai during the first three months of this year
MEDIA IN, Abu Dhabi, May 31, 2018 (WAM) The number of tourists in Abu Dhabi and Dubai grew by 3.6% during the first three months of this year compared to the same period in 2017. The hotel occupancy rate rose by 1.2% and room occupancy by 5.7%, according to the …
Read More »Suspension of six accounts at the Instagram site promoting counterfeit goods in Saudi Arabia
Media In / Agencies / Riyadh May 31, 2018 The Saudi Ministry of Trade and Investment has suspended six accounts in the social networking site “Instagram”, which promotes counterfeit and counterfeit goods of trademarks registered with the Ministry in coordination and cooperation with the competent authorities. The products offered included …
Read More »Saudi Arabia: “Cities” and “Yusr” sign an agreement to provide the government integration channel services and link to the “correspondence”
Media In / Riyadh May 30, The Saudi Organization for Industrial Estates and Technology Zones (MODON) and the e-government program Yusr have signed two cooperation agreements at Madan headquarters in Riyadh to provide the government integration channel with Madan services. And to enable them to meet their commitments to implement …
Read More »57.7% increase in the volume of investments in Egypt during 2017
Media In – Cairo, May 30, The final account for the fiscal year 2016/2017 showed a significant improvement in the performance of public finances in Egypt through a number of positive indicators which represented a decrease in the overall deficit ratio of the state budget to 10.9% of GDP compared …
Read More »AED 10.7 billion profit of 19 UAE banks in 3 months
Media In – Abu Dhabi 30 May 2018 / WAM / Net profits of 19 national banks reached AED 10.7 billion during the first three months of 2018, a growth of 12.3% compared to AED 9.52 billion in the same period of 2017. Experts in the sector described the performance …
Read More »Egypt: Production of a double-dip field to more than one billion cubic feet of gas per day
Media In – Cairo, May 30, 2018 Egyptian Minister of Petroleum and Mineral Resources Tareq Al-Mulla inspected the stages of work in the field of natural gas field in Port Said Governorate. The development of the remaining phases of the field’s production is being accelerated according to the current time …
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