UAE

Media IN BEIJING, July 08, 2019, SPA The Shanghai Composite Index fell 2.5% to 2,936.97 and Tokyo’s Nikkei 225 lost 1% to 21,520.70. Hong Kong’s Hang Seng retreated 1.6% to 28,301.77 and Seoul’s Kospi declined 1.8% to 2,072.60. Australia’s S&P-ASX 200 gave up 1% to 6,682.60 and India’s Sensex was …

Media IN ABU DHABI, 8th July, 2019 (WAM) The Central Bank of the UAE, CBUAE, has launched the recent edition of the UAE Financial Stability Report (FSR). The report provides relevant information, financial data, and stability assessments related to the UAE financial system, reinforcing the confidence and transparency in the …

Media IN ABU DHABI, 8th July, 2019 (WAM) The Abu Dhabi Securities Exchange, ADX, recently met with an executive delegation from Morgan Stanley to discuss how to develop business relations between both entities. Khalifa Salem Al Mansouri, Acting Chief Executive of the ADX, said, “This was a valuable introduction for …

Media IN Abu Dhabi 8th-07-2019 The real estate and energy sectors have pushed up the Abu Dhabi Securities Exchange (ADX) on Monday. The ADX’s general index edged up 7.26 points, or 0.15%, to finish the session at 5,010.55 points. Trading volume amounted to 45.1 million shares exchanged at a turnover …

Media IN Dubai 8th-07-2019 Al-Futtaim Group, a leading conglomerate company based in the UAE, announced it will open its latest local community shopping project, Festival Plaza, in December 2019. Spanning an area of 64,800 square metres, Festival Plaza will be a suitable urban destination for the residents of the upcoming …

Media IN ABU DHABI, 8th July, 2019 (WAM) The Abu Dhabi Global Market (ADGM), the International Financial Centre of Abu Dhabi, announced on Monday that Thomas Hirschi has resigned as the executive director of banking and insurance of ADGM’s Financial Services Regulatory Authority (FSRA). Hirschi will leave the FSRA in …

Media IN ABU DHABI, 8th July, 2019 (WAM) According to statistics from the Ministry of Finance, the UAE’s total spending on social benefits in 2018 amounted to AED65.74 billion, accounting for 16.8 percent of government spending. This figure highlights the importance of social development to the agendas of the federal …

Media IN Dubai 8th-07-2019 The Dubai Financial Market (DFM) on Monday announced the successful completion of cash dividend distribution worth AED 12.2 billion to 336,215 investors for the financial year 2018. The dividend distribution process was managed by the DFM on behalf of 35 listed companies, according to a press …

Media IN Abu Dhabi: 8th-07-2019 British Airways, owned by International Airlines Group (IAG), said on Monday the UK Information Commissioner’s Office (ICO) plans to impose GBP 183.4 million ($229.8 million) in a penalty on the airline for the theft of customer data on its security systems, BBC reported. “We intend to …

Media IN SEOUL  8th -07-2019 South Korea on Monday repeated a demand for Japan to withdraw tightened curbs imposed last week on exports of materials for making chips and smartphone displays, and pledged to help affected domestic companies. “Japan’s export restrictions should be withdrawn,” Finance Minister Hong Nam-ki said at …