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Asian shares rose on Thursday

Media IN Tokyo, July 11, 2019, SPA Hong Kong’s Hang Seng jumped 1.2% to 28,539.74 while the Shanghai Composite index added 0.3% to 2,924.85. In Japan, the Nikkei 225 index climbed 0.5% to 21,638.58 while South Korea’s Kospi advanced 1.2% to 2,083.79. Australia’s S&P ASX 200 gained 0.3% to 6,717.70. …

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UAE’s DP World to raise $700m in sukuk

Media IN Dubai 11th-07-2019 DP World, a global port operator based in Dubai, is looking to raise around $700 million via conventional and Islamic bond issues on Thursday, citing documents issued by banks involved in the deal.  The port operator is also planning to issue 10-year benchmark sukuk, according to …

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Etisalat Customers not to pay extra costs on 5G services

Media IN Abu Dhabi  11th-07-2019 Emirates Telecommunications Group (Etisalat) revealed it has not imposed any additional charges on using the 5G network services. Customers of the telecom firm can directly connect with the 5G network via their smartphones at the same prices of bundles available for subscription. All the company’s …

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118 events bid wins secured by Dubai in H1 2019

Media IN DUBAI, 10th July, 2019 (WAM) – Dubai Business Events, DBE, the city’s official convention bureau, has recorded exceptional results during the first half of 2019, securing 118 successful bid wins for events to be hosted in Dubai over the coming years. These events won in H1 2019, including …

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  1st Noodle factory inaugurated in MENA

Media IN Dubai 10th-07-2019 Dubai Industrial City (DIC) has signed a partnership agreement with China’s Baofeng Grain Mills for the building of a fresh rice noodle factory in the UAE. This is the  first of its kind in the region. The new plant is set to commence operations shortly with …

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