UAE

Media IN Abu Dhabi 15th-07-2019 Selective buying on some of the blue-chip stocks have boosted the Dubai Financial Market (DFM) on Monday. The DFM’s general index closed the session up 0.40% at 2,715.70 points. Trading volume amounted to 205.549 million shares exchanged through 2,853 transactions at a turnover of AED …

15th-07-2019 The US administration may grant licenses for companies to re-start new sales to Huawei in as little as two to four weeks.  Huawei was included last May into a Commerce Department list banning US firms from selling new US-made goods and services to the Chinese tech behemoth, unless they …

Media IN Dubai 15th-07-2019 The announcement was made on Monday by Dubai Airports and Etihad Energy Services Company (Etihad ESCO) that they had  installaed the largest solar energy system in the Middle East at Dubai International’s Terminal 2.  The solar energy system comprises 15,000 photovoltaic panels with a capacity of …

Media IN  Abu Dhabi 15th-07-2019 Oil prices declined earlier on Monday after data indicated that Chinese economy grew at the slowest quarterly pace in decades, consolidating worries about demand in the world’s biggest crude consumer.  At 6:11 am GMT, US Nymex crude futures dropped by 0.4% to $59.97 per barrel …

Media IN Abu Dhabi 15th-07-2019 Gold traded lower earlier on Monday, hovering above the $1,400 mark, as figures from China, mollifying worries about global economic growth, and fuelling appetite for riskier assets, Reuters reported.   By 7:17 am GMT, spot gold fell by 0.2% to $1,413.20 per ounce, while US gold …

Media IN Dubai 15th-07-2019 DXB Entertainments’ stock, listed on the Dubai Financial Market (DFM), has reached its highest level in a month after posting the number of visits to the Dubai Parks and Resorts during Q1 2019. Earlier this day, DXB Entertainments announced that Dubai Parks and Resorts attracted around …

Media IN ABU DHABI, 14th July, 2019 (WAM) According to official figures released by Statistic Centre – Abu Dhabi, SCAD, on Sunday, the value of exports through Abu Dhabi ports increased by 14.8% from AED 24.0 billion in Q1 2018 to AED 27.6 billion in the same period of 2019 …

Media IN ABU DHABI, 14th July, 2019 (WAM) The Industrial Production Index rose by 16.6 percent in the first quarter of 2019, compared to the same period in 2018, rising from 122.3 percent to 142.5 percent during the monitoring period, according to figures released by the Statistics Centre-Abu Dhabi, SCAD. …

Media IN DUBAI, 14th July, 2019 (WAM) The Dubai Land Department, DLD, represented by its regulatory arm, the Real Estate Regulatory Agency, RERA, signed a memorandum of understanding, MoU, with the Arab Bank for Investment and Foreign Trade, Al Masraf, to manage and service the Owners Association, OA, accounts. The …

Media IN DUBAI, 14th July, 2019 (WAM) Dubai Electricity and Water Authority, DEWA, has obtained a verified WhatsApp business account to communicate with its customers.  The new feature relies on Artificial Intelligence (AI) through Rammas, DEWA’s virtual employee. Customers can communicate with DEWA in both Arabic and English round the …