Media In Abu Dhabi, 18 December 2018, The rate of production of the Organization of Petroleum Exporting Countries (OPEC) decreased slightly during the month of November 2018, reaching 32.965 million barrels per day compared with 32.976 million barrels per day during the month of October of the same year. Despite …
Read More »DAE signs deal to sell 18 aircraft
Media In Dubai – 17 December 2018 DAE has signed a final sale agreement to sell a portfolio of 18 medium-sized aircraft to institutional investors. The 18 aircraft in the portfolio are leased to 15 airlines in 13 countries and have a life expectancy of about 9 years with an …
Read More »Approve the general financial plan of the Government of Ajman for the next 3 years with growth of 17%
Media in Ajman – 17 December 2018 / WAM / His Highness Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, approved the general financial plan of the Government of Ajman for the fiscal years 2019-2020-2021 with a balance of no less than 4.140 …
Read More »6% growth in the monetary base in the UAE during the month of November
Media In Abu Dhabi, 17 December 2018, The value of the monetary base in the UAE jumped to AED 371.6 billion by the end of November 2018, an increase of AED 22 billion and a growth of about 6% compared to AED 350.6 billion in October of the same year. …
Read More »UAE and China sign the approved operator’s business plan
Media In – Abu Dhabi – December 17, 2018 The United Arab Emirates and the People’s Republic of China have signed a plan of action for mutual recognition of the approved economic operator program, with the aim of enhancing trade exchange and customs cooperation between the two countries through the …
Read More »Union of Chambers of “Gulf Cooperation” reviews the draft budget estimate for 2019
Media In – Abu Dhabi – December 17, 2018 The 44th Meeting of the Executive Leadership Committee of the GCC Chambers of Commerce was held at the headquarters of the Federation of Chambers of Commerce and Industry in the United Arab Emirates. The meeting was chaired by HE Hamid Mohammed …
Read More »ADNOC Distribution opens its first station in Dubai
Media In – Abu Dhabi – 17 December 2018 ADNOC Distribution has announced the opening of its first petrol distribution facility in Dubai, located in the Dubai Investment Park area. Saeed Al Rashidi, Acting CEO of ADNOC Distribution, the UAE’s largest fuel and retail company, said the launch of ADNOC …
Read More »Emirates Steel completes Murabaha deal worth $ 400 million
Media In Abu Dhabi – 16 December 2018 / Emirates Steel Company announced the completion of a $ 400 million murabaha transaction under which it will receive a refinancing loan that will give it more financial flexibility and help streamline its debt structure as well as support existing growth plans. …
Read More »Under the patronage of Mohammed bin Zayed .. Launching the joint Arab vision for the digital economy
Media In Abu Dhabi, December 16, 2018 The Arab League launched the first Arab Digital Economy Conference in Abu Dhabi under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The Secretary General of …
Read More »5 factors that promote the UAE’s leadership in the digital economy
The United Arab Emirates (UAE) has achieved great achievements in the transformation of the digital economy over the past five years, which contributed to enhancing the competitiveness of the national economy, according to indicators issued by international institutions, foremost of which is the World Economic Forum, E – commerce during …
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