Media IN Abu Dhabi 13th-07-2019 The general index of the Abu Dhabi Securities Exchange (ADX) rose 60.74 points, or 1.21%, to 4991.69 points in a week. The banking and real estate sector grew, as Abu Dhabi Commercial Bank (ADCB) and Aldar Properties levelled up. Market capitalisation went up to AED …
Read More »IEA astonished with Oil Surplus return despite OPEC Cuts
Media IN Abu Dhabi 12th-07-2019 The International Energy Agency (IEA) said that Global oil inventories experienced surprising build-ups during the first half of 2019, as production cuts led by a group of the world’s top producers failed to prevent a market flood. According to the IEA, Global supply outpaced demand …
Read More »UAE’s Finance Ministry reduces, calls off fees for over 1,500 federal government services
Media IN Dubai 11th-07-2019 The fees for more than 1, 500 federal government services have been slashed as per a Cabinet decision to enhance the competitiveness of national economy and cut the cost of doing business in the country. The decision, which came into effect on July 1, is part …
Read More »Producer Price Index in Abu Dhabi increased by 5.1% in Q1: SCAD
Media IN ABU DHABI, 11th July, 2019 WAM According to figures released by Statistics Centre – Abu Dhabi (SCAD), the Producer Price Index (PPI) increased in the first quarter of 2019 by 5.1 percent compared with the same quarter in 2018, rising to 81.3 percent in the first quarter of …
Read More »OPEC output fell by 68,000 barrels per day in June 2019
Media IN Abu Dhabi 11th-07-2019 Oil output from member states of the Organization of the Petroleum Exporting Countries (OPEC) dropped last June as US sanctions against Iran helped tighten supply. OPEC crude output fell by 68,000 barrels per day (bpd) to 29.83 million bpd, the producer club said in its …
Read More »Dana Gas repurchases 1.97m shares
Media IN Abu Dhabi 11th-07-2019 Dana Gas, a leading gas company based in Sharjah, has repurchased 1.979 million shares as part of the buy-back programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019. The price of purchase transactions stood at AED 0.94797 per share, …
Read More »ADX general index gains 25 points on Thursday
Media IN Abu Dhabi 11th-07-2019 The Abu Dhabi Securities Exchange (ADX) has seen a buoyant trend on Thursday on the back of the rising blue-chip stocks. The ADX’s general index added 25.69 points, or 0.51%, finishing the trading session at 5,052.43 points. Trading volume amounted to 66.448 million shares exchanged …
Read More »New verified Business Service whatsapp inaugurated by ADNIC
Media IN Abu Dhabi 11th-07-2019 Abu Dhabi National Insurance Company (ADNIC), listed on Abu Dhabi Securities Exchange (ADX), on Thursday announced the launch of its ‘verified’ WhatsApp Business service. The new service will enable customers to reach out ADNIC’s contact centre easily through WhatsApp securely in an encrypted environment, according …
Read More »Dubai Aero Space report H1- 2019 Highlights
Media IN DUBAI, 11th July, 2019 (WAM) Dubai Aerospace Enterprise, DAE, today announced its H1 2019 key strategic and operational highlights for its leasing division. The company is delivered and committed to deliver over US$1.1 billion in aircraft assets, its managed assets portfolio grew to 51 aircraft valued at $1.3 …
Read More »UAE Employment rate in Real estate sector up by 4.4% Q1- 2019
Media IN ABU DHABI, 11th July, 2019 (WAM) The employment rate of the UAE’s real estate sector rose by 4.4 percent in the first quarter of 2019, compared to the same period in 2018, according to statistics from the UAE Central Bank, Private sector employment witnessed steady quarterly rises, increasing …
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