DUBAI, 22nd December, 2019 (WAM) The UAE federal export credit company, Etihad Credit Insurance, ECI, has signed a Memorandum of Understanding, MoU, with the Export Credit Guarantee Agency of Oman, Credit Oman, to enhance trade and economic cooperation between the two countries. The signing took place during the 10th AMAN …
Read More »GCC chemical industry investments exceed $140 billion in 2019
DUBAI, 30th October, 2019 (WAM) The GCC’s chemical-related investments have exceeded US$140 billion in the first 10 months of 2019, led by consolidation, joint venture agreements and an increased number of merger and acquisition deals, according to estimates by the Gulf Petrochemicals and Chemicals Association, GPCA. The multi-billion-dollar investments made …
Read More »Five agreements signed by the National Center for Palm and Dates with the aim of marketing Saudi dates locally and internationally
Riyadh 26 -10-2019 \ SPA The National Center for Date Palm concluded its participation in the 38th Saudi Agricultural Exhibition, which was held in Riyadh during the period 21 – 24 October 2019, amid the presence of a number of agents, ambassadors, investors and those interested in the date and …
Read More »Preventing the increase in imports of iron products from GCC countries
Riyadh 23 -10-2019 \ SPA The General Secretariat of the Gulf Cooperation Council (GCC) announced the issuance of the decision of the Standing Committee to Combat Harmful Practices in the International Trade of the GCC States to initiate protection against the increase in imports of some iron products. Accordingly, the …
Read More »Bahrain’s general and Islamic indices close mixed
Manama 20 -10 / 2019 / SPA Bahrain General Index closed at 1,527.13 today, up from the previous close, while the Bahrain Islamic Index closed at 757.71, a decrease of 4.06 points from the previous closing. The volume of shares traded two million and 772 thousand and 916 shares with …
Read More »20 South Korean companies participate in WETEX 2019
Dubai 20-10-2019 20 South Korean companies will participate in the 21st edition of WETEX 2019, which will start tomorrow at the Dubai International Convention and Exhibition Center in conjunction with the fourth edition of the Dubai Solar Exhibition, the largest exhibition of renewable and sustainable energy technology in the region. …
Read More »Kuwait is among the top 20 countries in the Ease of Doing Business Index
Kuwait 27-09-2019 Kuwait is among the top 20 countries in the Ease of Doing Business 2020 index, out of 190 countries to be included in the World Bank’s 2020 Business Report by the end of October. The Kuwait News Agency (KUNA) quoted a statement issued by the Kuwait Direct Investment …
Read More »Memorandum of Understanding between Egypt and Oman in the field of oil and gas
Cairo 04-09-2019 / WAM The Arab Republic of Egypt and Oman signed today a memorandum of understanding to enhance cooperation in the field of oil and natural gas and exchange of expertise and technologies in addition to cooperation and investment in various fields of oil and gas industry. The signing …
Read More »FAB rejects Qatar’s financial regulatory authority allegations
ABU DHABI, 25th August, 2019 (WAM) Abu Dhabi’s First Abu Dhabi Bank, FAB, today rejected allegations by the Qatar Financial Centre Regulatory Authority, QFCRA, that its branch in the Qatar Financial Centre had failed to provide appropriate financial disclosures. The full text of an FAB statement issued today follows. As …
Read More »Bahrain Bourse gained 1,522.71 points on Thursday
Media IN Manama, July 25 (BNA): Bahrain All Share Index has closed at 1,522.71 points marking an increase of 7.02 points above the previous closing. This increase was due to the rise in the Commercial Banks Sector, Investment Sector and Industrial Sector. Bahrain lslamic Index has closed at 766.94 points …
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