News

Media In – Abu Dhabi 2 May 2018 / WAM / Abu Dhabi National Oil Company (ADNOC) has signed a contract with Abu Dhabi Polypropylene Plastics Company (ADNOC), the leading provider of innovative and high-value plastic solutions – the first operation of the Ruwais Container Terminal. The five-year contract was …

MEDIA IN, Dubai, May 2, 2018 (WAM) Nakheel has announced a net profit of AED 1.55 billion in the first quarter of 2018, registering a 5 per cent growth on first-quarter net profit in 2017. Nakheel handed over some 200 real estate / land units and residential units to customers …

Media In / Agencies / Amman 2 May 2018 The loss of Royal Jordanian Company during the first quarter of this year to 13.8 million dinars compared to the same period last year, estimated at 26.3 million dinars. In a press conference, Chief Executive Officer of Jordan Stephan Beshler said: …

Media In – Abu Dhabi 2 May 2018 / WAM / Abu Dhabi Investment Authority (ADIO) signed an agreement with Sumitu Mitsua Banking (SMBC), which has two billion dollars worth of transactions in the Emirate of Abu Dhabi to promote joint cooperation in a number of areas related to promoting …

Media In – Abu Dhabi 2 May 2018 / WAM / Abu Dhabi’s gross domestic product jumped at current prices to AED 832.5 billion in 2017, an increase of 9.5 per cent compared to AED 760.4 billion in 2016, reflecting the continued growth of the emirate’s economy and the national …

MEDIA IN, Riyadh, May 2, 2018 (WAM) Saudi Finance Minister Mohammed al-Jad’an predicted a decrease in the current year’s budget deficit from 2018 to 7 percent of GDP. Pointing out that the Kingdom was able within two years between 2015 and 2017 to reduce the deficit by 40 per cent …

Media In / Agencies / Riyadh 2 May 2018 The Saudi Stock Exchange (Tadawul) announced today the establishment of the Clearing House Company (“Clearinghouse”) a joint stock company with a capital of SR 600,000,000 to develop future clearing services in line with international risk management practices and international standards. The …

Media In / Agencies / Amman 2 May 2018 During the first quarter of 2018, the Housing Bank for Trade and Finance posted a pre-tax profit of 42.2 million dinars against 45.8 million dinars for the same period last year. Net profit after tax amounted to 27.8 million dinars compared …

Media IN / 2-5-2018 The company’s quarterly results showed Tuesday that revenue and profits exceeded expectations in the quarter ended March, selling 52.2 million iPhones, slightly below Wall Street estimates, and showing some flexibility amid weak global demand for smartphones According to Reuters, the company expected revenue between 51.5 billion …

Media In – Dubai May 1, 2018 WAM The proportion of jobs requiring artificial intelligence skills has increased nearly fivefold globally since 2013 and as the role of human resources in the digital age continues to evolve, technologies such as artificial intelligence and automated learning have gained greater importance, according …