MEDIA, Dubai, September 27, 2018 (WAM) NASDAQ Dubai has announced the listing of US $ 1.3 billion Sukuk by the Islamic Development Bank (IDB), one of the largest Sukuk issuers with a total value of US $ 11.8 billion. This is the ninth listing of the Islamic Development Bank (IDB) …
Read More »AED 2.6 billion worth of aluminum trading in 7 months
MEDIA, Abu Dhabi, September 27, 2018 (WAM ) During the first seven months of 2018, the value of the aluminum trade in the Emirate of Abu Dhabi amounted to approximately AED 2.6 billion, the same value as during the same period of 2017. Figures from the Abu Dhabi Statistics Center …
Read More »AED 8.5 Billion gains in the UAE capital markets in today’s session
MEDIA, Abu Dhabi, September 27, 2018 (WAM) The market capitalization of shares traded on the UAE stock market reached AED 8.5 billion on Thursday, supported by selective buying on a number of leading stocks, a move that was pre-emptive to the start of the corporate reporting season. Daily transaction monitoring …
Read More »Trade exchange between the UAE and Saudi Arabia increased by 266.9 percent
MEDIA, Dubai, September 25, 2018 (WAM) According to the report issued by the Federal Authority for Competitiveness and Statistics, the value of trade exchange between the UAE and Saudi Arabia increased by 266.9 percent, with a total value of about 6 billion dirhams during the years 2008 to 2017. Imports …
Read More »Abu Dhabi Global Market and Smart Systems and Services Authority sign memorandum of understanding
MEDIA, Abu Dhabi, September 25, 2018 (WAM) The Smart Systems and Services Authority and the Abu Dhabi Global Market (ADX) signed a memorandum of understanding (MoU) to open new horizons of cooperation in the launch of innovative initiatives and joint ventures that contribute to the development of the free financial …
Read More »Capital adequacy of UAE banks jumps to 18.1%
Media In – Abu Dhabi 25 September 2018 WAM The banking sector’s capital adequacy ratio rose to 18.1% by the end of August this year, the highest since December 2017. The new index of the UAE banking system’s liquidity is also in line with the increase in the capital adequacy …
Read More »11.7 billion dirhams of surplus liquidity withdrawn by the central bank in August
MEDIA, Abu Dhabi, September 24, 2018 (WAM) The Central Bank of UAE raised the pace of withdrawal of excess liquidity in the banking system last August in a trend described by industry experts that it aims to control the movement of liquidity in excess of the need of banks. According …
Read More »720 billion dirhams volume of trade between the UAE and Saudi Arabia in 15 years
Media In – Abu Dhabi – 24 September A statistical report by the Federal Customs Authority revealed the growth of the total volume of non-oil trade between the UAE and Saudi Arabia by 1230% since the formation of the Gulf Customs Union in 2003 until the end of the first …
Read More »Ministry of Economy Launches “Investor Compass”
Media In – Abu Dhabi 24 September 2018 / WAM / The Investment Department of the Ministry of Economy has launched a new version entitled “Investor Compass”, a specialized guide to introduce the benefits and incentives of the vital investment system in the UAE. The guide comes within the framework …
Read More »7.6% growth in the index of exports unit in Abu Dhabi
Media in Abu Dhabi 23 September 2018 / WAM / The value of the unit of exports in the Emirate of Abu Dhabi rose to 87.3% in the second quarter with a growth rate of 7.6% compared to 81.2% during the same quarter of 2017, according to the Abu Dhabi …
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