Media in\ Dubai 02-05-2019 / WAM The eighth annual Emirates Green Building Council conference discussed the importance of the cyclical economy model in the construction sector in support of sustainable development goals in the UAE according to 2021 Vision. The event was held on May 1 and 2 at the …
Read More »Oil prices are falling as US production hit a record high
Media In / Singapore 02-05- 2019 Oil prices fell today under the weight of record US crude production, leading to a rise in inventories. Brent crude futures were at $ 71.81 a barrel, down 35 cents, or 0.5 percent, from their latest close. US crude was down 27 cents, or …
Read More »UAE and Uzbekistan launch plan to activate partnership between the two Counties.
02-05-2019 Media in\ Tashkent The UAE and the Republic of Uzbekistan launched a plan to activate the partnership between the two friendly countries in the fields of work in implementation of the protocol of cooperation concluded between the two countries in April. The Minister of Human Resources and Emiratization, Nasser …
Read More »Abu Dhabi Chamber concludes the 2019 qualification and preparation program
02-05-2019 Media in\ Abu Dhabi Abu Dhabi Commercial Arbitration and Arbitration Center (ADCCI), one of the initiatives of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), completed the final and final phase of the 2019 Rehabilitation and Preparation of Arbitrators program, which consisted of providing participants with a practical …
Read More »Net foreign investment in Abu Dhabi Securities Exchange reached AED 2.2 billion since the beginning of 2019
02-05-2019 Media in\ Abu Dhabi Net foreign investment in the Abu Dhabi Securities Market (ADX) doubled during the first four months of 2019 after it reached AED 2.2 billion, an increase of AED 1.1 billion compared to AED 1.1 billion in the same period of 2018. The official figures published …
Read More »Saudi Development Fund signs Saudi export guarantee document
02-05-2019 Media in\ Riyadh The Saudi Development Fund signed a Saudi export guarantee certificate for cement services for the industry through its Saudi export program covering the company’s exports of its products from the metal sinks and conveyor belts to more than seven million Saudi riyals. The document was signed …
Read More »Banks inject 35 billion dirhams in their portfolios during the first quarter of 2019
02-05-2019 Media in\ Abu Dhabi Total value of investments of banks operating in the UAE increased to AED 367.8 billion during the first quarter of 2019, a growth of 10.5% to AED 35 billion compared to the end of 2018, according to figures released by the Central Bank of the …
Read More »Gold falls after Fed Chairman’s remarks
Media IN / London 02-05-2019 Gold fell to its lowest level after comments from Federal Reserve Chairman Jerome Powell shattered hopes of a rate cut soon, boosting the dollar and Treasury yields. At 0610 GMT, spot gold was down 0.3% at $ 1272.01 an ounce, after falling to $ 1270.76, …
Read More »National Bank of Fujairah registers net profit 15% in Q12019
Media IN/ FUJAIRAH, 2nd May, 2019 (WAM) As a result of the steady business growth and margin improvement, the operating profit of the National Bank of Fujairah (NBF) rose 15 percent to reach AED285.1 million. This was announced by NBF for the three-month period ended 31st March, 2019. The NBF …
Read More »Hub71 partners with globally renowned accelerators Techstars and Starburst
Media IN/ ABU DHABI, 2nd May, 2019 (WAM) Hub71, a global tech hub driven by Mubadala in collaboration with Microsoft, SoftBank Vision Fund and Abu Dhabi Global Market, announced that two new partners, Techstars and Starburst, will join Hub71 in Q4 of this year. Hub71 is a key initiative …
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