08-05-2019 Media in\ Abu-dhabi Dubai Customs completely redeveloped its customs operations room at Jebel Ali & Telcom Customs Center. Director General of Dubai Customs Ahmed Mahboob Musabih inaugurated the new operations room which is equipped with the most advanced and smart electronic systems to efficiently aid in customs activities and operations. …
Read More »Abu Dhabi hotels record strong double-digit rise in revenues in Q1 of 2019
Media IN/Abu-Dhabi/08-05-2019 Total hotel revenues in Abu Dhabi increased by more than 16 percent in the first quarter of 2019, supported by a number of high-profile events. Latest figures released by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) revealed that events such as the AFC …
Read More »The Saudi Stock Exchange closed at 8899.80 points
08-05-2019Media in\ Riyadh The index of major Saudi stocks closed today, down 69.06 points to close at 8899.80 points, and trades worth more than 3.3 billion riyals. More than 100 million shares were traded, with more than 103,000 shares making gains, with 51 companies posting gains, while 115 stocks closed …
Read More »Review of ADNOC Distribution Strategy for Growth at the London Stock Exchange and New York Stock Markets Conference
08-05-2019 Media in\ Abu Dhabi ADNOC Distribution will review its investment strategy, future vision for revenue driven growth and the new upward trend in profit distribution during the Capital Markets Days Conference, which opened in London today and today in New York to a large number of international investors and …
Read More »Vegetable sales in Abu Dhabi farmers markets reach 260 tons in 6 months
08-05-2019 Media in\ Abu Dhabi The farmers’ markets organized by the Abu Dhabi Agriculture and Food Safety Authority have concluded their activities for the current agricultural season and will resume work in late October with sales of 260 tons of fresh vegetables during the period from the end of October …
Read More »Dubai Financial Market’s profits reach AED 5.51 billion
08-05-2019 Media in\ Abu Dhabi The combined net profit of banks listed on the Dubai Financial Market reached AED 5.51 billion during the first quarter of 2019, a 17% growth compared to a profit of AED 4.69 billion during the same period of the year. Total assets of banks listed …
Read More »5,279 ATMs operating in the UAE at the end of March, 2019
08-05-2019 Media in\ Abu Dhabi The number of ATMs operating in the UAE reached 5279 during the first quarter of 2019 compared to 5274 during the same period of 2018, according to the Central Bank of UAE. The banks operating in the country are keen to provide electronic services to …
Read More »Dubal Holding and China North Industries Cooperation (NORINCO) sign a strategic Memorandum of Understanding
Media IN/Abu-Dhabi/8th May, 2019 (WAM) DUBAL Holding and China North Industries Corporation (NORINCO) signed a comprehensive MoU during the week of the 2nd Belt and Road Forum in Beijing to strengthen the strategic cooperation under the framework of the UAE Vision 2021 and China’s Belt and Road Initiative (BRI). The MoU …
Read More »OPEC daily basket price announced for Tuesday
Media IN/Abu-Dhabi/ 8th May, 2019-WAM The price of OPEC basket of fourteen crudes stood at US$70.45 a barrel on Tuesday, 7th May, compared with US$70.23 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, includes a mix of blends and light and heavy …
Read More »Dubai DED issues 2,805 new licenses in April 2019
Media IN/Abu-Dhabi/08-05-2019 Dubai: The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, issued 2,805 new licenses during April 2019, a growth of 60% compared to April 2018 (1,753). The new licenses created 8,375 jobs in the labour market. Among the new licenses issued, 49% …
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