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MEDIA IN – Abu Dhabi 13 May 2018 / WAM / Abu Dhabi National Oil Company (ADNOC) announced today that it intends to invest 165 billion dirhams (45 billion US dollars) over the next five years along with a number of strategic partners to strengthen its position as a world …

Media IN 13/05/2018 Nakheel has announced the launch of its groundbreaking project for the construction of Palm 360, located in Palm Jumeirah in Dubai, comprising two hotel and residential towers. The announcement of the tender comes at a time when Nakheel is evaluating drilling offers for the Palm 360 after …

MEDIA IN – Abu Dhabi 13 May 2018 / WAM / The volume of trade exchange between the UAE and the Arab Republic of Egypt during last year was $ 4.9 billion, compared with $ 2.8 billion in 2012. This came in a reading prepared by the Department of Trade …

Media In – Abu Dhabi 12 May 2018 / WAM / The first shipment of crude oil produced by Abu Dhabi National Oil Company (ADNOC) has left the country on its way to storage in the Republic of India, with a volume of 2 million barrels of ADNOC crude oil. …

Media IN12/05/2018 Abu Dhabi International Bank (ADX) today launched its first overseas representative office in the Chinese capital, Beijing, in the presence of senior Chinese officials, business leaders and investors from the UAE and China. The move comes to reinforce the growing role played by the market in supporting the …

Media IN 12/05/2018 Spearbank, the largest bank in Russia, is launching its pilot project to provide Islamic banking services that are in accordance with Islamic Shari’a principles, according to Bhnam Ghorban Zadi, Advisor to the Bank’s Vice Chairman. On the sidelines of the economic summit, Zadi said, “The services of …

Media IN 11/\05\2018 The head of the International Monetary Fund’s mission in the UAE, Natalia Tamireza, said yesterday that the introduction of value added tax (VAT) has gone smoothly in the country and that the inflation that jumped will then decline. Inflation is expected to average 3.5% this year, up …

Media IN \ Agencies \ 11 \ 2018 The OPEC Fund for International Development (OFID) has announced a $ 40 million loan to the Central American country of Belize to support the road rehabilitation project as part of OFID’s interest in supporting the government’s development priorities. The Loan Agreement was …

  Media IN 2018\05\11 China’s PPI rose 3.4 percent in April on a year-on-year basis, according to the National Bureau of Statistics (NBS). The index, which measures the cost of producing goods at the factory threshold, was up from March’s 3.1 percent, driven by higher manufacturing prices in the mining …

Media In – Abu Dhabi 10 May 2018 The Commissioner of the Federal Customs Authority, Ali bin Sabih al-Kaabi, discussed with a Japanese delegation ways to enhance joint customs cooperation and sign an agreement for technical and administrative customs cooperation, in addition to mutual recognition of the approved economic operator …