Abu Dhabi 14 -8-2019 / WAM / Abu Dhabi’s consumer price index (CPI) fell by 1.1% in July 2019 compared to the June record of 110.4% in July, compared to 111.6% in June 2019, according to data released today by Statistics Center Abu Dhabi. The consumer price index (CPI) decreased …
Read More »WETEX 2019 and Dubai Solar highlight renewable energy solutions
Dubai 14-08-2019 / WAM The 21st edition of WETEX 2019, organized by DEWA from October 21 to 23, will showcase the latest innovative solutions and technologies in the field of renewable and clean energy. The exhibition, the largest of its kind in the region, coincides with the fourth edition of …
Read More »Oil prices are falling on fears of weak demand
Singapore 13 -8-2019 SPA Oil prices retreated today, extending the impact of the limited gains recorded in the previous session as expectations of a slowdown in demand in the face of hopes to support large producers of prices by reducing oil production. By 0643 GMT, Brent crude futures were down …
Read More »Ajman Chamber enhances its cooperation with its members by working groups and field visits
Ajman 13-08-2019 Ajman Chamber of Commerce and Industry (ACCI) has strengthened its contribution to the economic sector by organizing various working groups under its umbrella such as “ factory working groups, tourism, business youth, shopping malls, law firms, private education, health sector, banking sector and others. The Director of the …
Read More »$ 859 billion worth of oil projects in the Middle East and North Africa
Abu Dhabi 08-08-2019 / WAM The value of oil, gas and petrochemical projects being implemented or planned in the Middle East and North Africa (MENA) region has reached more than $ 859 billion, including $ 283 billion worth of developments, according to DMG Events, the organizer of the exhibition. Abu …
Read More »Aldar revenues reach AED 3.42 billion in the first half
Abu Dhabi 08-08-2019 / WAM Aldar Properties reported a 15% year-on-year growth in revenue to AED 3.42 billion, compared to AED 2.98 billion in the same period last year, as a result of an increase in activity across major development projects under construction. Total profit for the first half of …
Read More »UAE closes case against Qatar after withdrawing measures to ban the sale of state goods in its domestic markets
Geneva 08-08-2019 The United Arab Emirates (UAE) has officially closed its case against Qatar over trade violations by the World Trade Organization (WTO), after Qatar withdrew its discriminatory measures that caused the dispute to arise with the UAE. The State of Qatar took discriminatory measures towards goods coming from the …
Read More »RAK Chamber and South Africa discuss investment opportunities
Ras Al Khaimah 08-08-2019 / WAM The RAK Chamber and the South African Embassy in the UAE discussed investment opportunities in order to enhance bilateral trade between the two sides, and to increase the outlets for local products for global spread to enhance the emirate’s strategic position as a promising …
Read More »AED 2.9 billion Dubai real estate transactions in a week
Dubai 08-08-2019 The real estate transactions at Dubai Land Department reached AED 2.9 billion this week, with 588 sales worth AED 1.25 billion, including 72 land sales worth AED 450 million and 516 sales of apartments and villas worth AED 800 million. The most important land sales were AED …
Read More »ADNOC acquires 10% stake in global storage operator VTTI
ABU DHABI, 7th August, 2019 (WAM) The Abu Dhabi National Oil Company (ADNOC) today announced a strategic investment in global storage terminal owner and operator VTTI BV (VTTI). As part of this agreement, ADNOC will acquire a 10% equity stake in VTTI. Following the transaction, VTTI will be owned 10% …
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