UAE

Media IN ABU DHABI, 24th July, 2019 (WAM) Abu Dhabi’s gross domestic product, GDP, at current prices for Q1 2019 rose by 3.3 percent to AED226 billion, compared to AED219 billion in the first quarter of 2018. At current prices, oil GDP made up 39.8 percent of the emirate’s overall …

Media IN ABU DHABI, 23rd July 2019 (WAM) Jubail Island Investment Company (JIIC) has awarded an Dhs50 million marine works contract for Jubail Island to National Marine Dredging Company. Works on the eight-month-long marine channel package have already started. The scope comprises more than seven kilometres of widening and enhancing …

Media IN ABU DHABI, 23rd July 2019 (WAM) The Deputy Prime Minister and Minister of Presidential Affairs, H.H. Sheikh Mansour bin Zayed Al Nahyan,on Tuesday inspected the progress of work on the strategic road projects which are being implemented by the Follow-Up Committee of the Initiatives of the UAE President …

Media IN BEIJING, 23rd July 2019 (WAM) – His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, witnessed the signing ceremony of a number of agreements and Memoranda of Understanding, MoUs, between a number of Emirati and …

Media IN DUBAI, 23rd July, 2019 (WAM) – DEWA plans to build 68 new 132/11 kilovolt (kV) substations over the next three years, at a projected value of AED8 billion. This supports the directives of the wise leadership, and shows DEWA’s commitment to expanding its infrastructure to meet the growing …

Media IN DUBAI, 23rd July, 2019 (WAM) The UAE retains its position as the most advanced e-commerce market in the Middle East and North Africa (Mena) region, with e-commerce transactions in the country estimated to hit Dh59 billion in 2019, new data has shown. According to a joint study by …

Media IN Manama, July 23 (BNA): The Central Bank of Bahrain (CBB) announced that this month’s BD100 million issue of Government Treasury Bills has been oversubscribed by 167%. The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain. The issue …

Media IN BEIJING, July 23, 2019, SPA The Shanghai Composite Index rose 0.4% to 2,898.20 and Tokyo’s Nikkei 225 climbed 1% to 21,620.88. Hong Kong’s Hang Seng advanced 0.3% to 28,450.32 and Seoul’s Kospi was 0.4% higher at 2,101.45. India’s Sensex edged up 0.1% to 38,065.10. Sydney’s S&P-ASX 200 gained …

Media IN Abu Dhabi  23rd-07-2019 Emirates Telecommunication Group Company (Etisalat), listed on the Abu Dhabi Securities Exchange (ADX), reported a 1% year-on-year increase in consolidated net profit after Federal Royalty for the second quarter of 2019. Net profit amounted to AED 2.23 billion in Q2-19, compared to AED 2.19 billion …

Media IN DUBAI, 23rd July, 2019 (WAM) Emirates Airline transported 13 million passengers to and from China over the past 10 years, which reflects the demand for flights between China and Dubai and the growing number of flights between the UAE and China. The airline noted that it currently operates …