MEDIA IN \ Agencies November 05, 2018 The meeting of the 54th Undersecretary of the Ministries of Finance will begin in Kuwait on Wednesday for the 108th meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee, which will be hosted by the Kuwaiti Ministry of Finance. The …
Read More »Union of GCC Chambers Holds its 50th Ordinary Meeting in Riyadh
MEDIA IN \ Agencies November 05, 2018 The meeting of the Union of Chambers of the Gulf Cooperation Council (GCC) was held yesterday in Riyadh, under the chairmanship of the President of the Federation, Mohammed bin Thani Al-Rumaithi, in the presence and participation of the presidents of the GCC Chambers …
Read More »Dubai Customs is committed to protecting intellectual property rights
Media In / WAM – Dubai 2 \ 11 \ 2018 Dubai Customs has continued its efforts to develop cooperation with the Trademark Owners’ Council to protect intellectual property rights while preserving the environment in support of the Emirates Green Development Strategy initiative through the implementation of the new procedures …
Read More »The dirham is up 1.2% to 4.2% against the top four currencies in a month
media IN- Agencies. Abu Dhabi 1 \ 11 \ 2018 The value of the dirham against the most important four global currencies rose by 1.2% to 4.2% in one month, according to the analysis of the exchange rate of the local currency against international currencies based on the list of …
Read More »Net profit of AED 724 million
Media In – Agencies. Dubai 1 \ 11 \ 2018 Dubai Multi-Investment Investment Company (DIC) reported a net profit of AED 724 million for the nine months ended 30 September 2018 compared to AED 830 million for the same period last year. Total assets increased to AED 19.44 billion and …
Read More »Obaid Al-Zaabi: The Central Bank Law dealt with overlapping powers with “securities
MediaIn + Agencies \ Abu Dhabi. 29 \ 10 \ 2018 Dr. Obaid Saif Al Zaabi, Chief Executive Officer of the Securities and Commodities Authority said that the issuance of the Federal Law of 2018 on the Central Bank and the regulation of financial facilities and activities worked to address …
Read More »The transfer of 17.5 billion dirhams from the general reserve to increase the capital of the Central Bank
MediaIn + Agencies. 29 \ 10 \ 2018 The new central bank law stipulates that 17.5 billion dirhams will be transferred from the general reserve account to increase the bank’s capital to 20 billion dirhams, according to the amendments to the law issued yesterday, which many experts describe as a …
Read More »Ruler of Ras Al Khaimah to visit Zanzibar and witness the signing of an agreement on oil and gas exploration
Media + Agencies. 29 \ 10 \ 2018 HH Sheikh Saud Bin Saqr Al Qassimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, met with His Excellency Dr. Ali Mohammed Shinn, President of Zanzibar Region in Tanzania. During his visit, Zanzibar was invited by His Excellency the …
Read More »The total profits of Agthia during the first nine months of this year amounted to 159 million
MediaIn + WAM October 28, Agthia Group reported a net profit of AED 159 million for the first nine months of 2018, a 9% increase over the same period last year. Agthia also reported net income of AED 1.49 billion, while gross profit margin reached a record 34.7% as a …
Read More »Abu Dhabi Sustainability: The session will be hosted by the GCC Chiefs of Finance
Media IN / WAM 2018/10/24 Participation in the implementation of the Gulf Cooperation Council in the Kingdom of Saudi Arabia. Both meetings aim at helping to invest in the financial sector. Financial experts expect – through these meetings – to provide valuable services in accounting, business process management, or financial …
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