CAIRO, 24-05-2019 The Second Forum of Arab Entrepreneurs and Innovative Ideas called on the League of Arab States to establish an Arab central bank to contribute to the lending of youth projects. The Forum also called upon the Council of Arab Youth for Integrated Development to establish an Arab institutional …
Read More »Pakistani shares closed down 1.9%
Islamabad 24-05-2019 The index of Karachi Stock Exchange, Pakistan’s largest stock market closed today, down 1.9%, or 653 points, and closed at 34471 points. A total of 58098,190 shares changed hands in 325 transactions. The market value of 47 companies rose, 257 companies declined and 21 shares settled.
Read More »US stocks open higher, boosted by technology shares
New York 24-05-2019 SPA US stocks opened slightly higher today, supported by technology companies, as investors pinned their hopes on a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping later this week to reduce trade tensions between China and the United States. The Dow Jones Industrial …
Read More »Asian shares rise on Monday
Media IN BANGKOK, June 24, 2019, SP Japan’s Nikkei 225 index gained 0.1% to 21,285.99, while in Hong Kong the Hang Seng also added 0.1% to 28,493.52. The Kospi in South Korea edged less than 0.1% higher to 2,126.33. Australia’s S&P ASX 200 picked up 0.2% to 6,665.40 and the …
Read More »Oil Prices rose by 0.4 percent
Media IN WAM 24th June 2019 Oil prices rose today as tensions between Iran and the United States continued after US Secretary of State Mike Pompeo said he would announce major sanctions against Tehran. By 0325 GMT, the benchmark Brent crude was up 25 cents, or 0.4 percent, at $ …
Read More »Southeast Asian leaders advocate for mutual cooperation amid U.S.-China tensions
Media IN BANGKOK 23rd-06-2019 Southeast Asian leaders agreed on Sunday to work together on the region’s economy and security to strengthen their position to face growing U.S.-China tensions, as they conculded their summit in Bangkok. The 10-member Association of Southeast Asian Nations (ASEAN) will need its collective economic strength for …
Read More »UAE discusses labour obstacles with five African states
Media IN GENEVA, 21st June, 2019 WAM The meetings explored the cooperation between the UAE and African countries in areas of work and manpower. They also discussed the agenda of the ILO conference which focused on the future of work and social justice. The reality of the UAE job market, …
Read More »US$ 6.5 Billion New Aviation Deal in Abu Dhabi
Media IN PARIS, 17th June, 2019 (WAM) Abu Dhabi-based Mubadala Fund signed a $ 6.5 billion deal with Rolls-Royce to maintain the Trent 700 engine, three times the number of engines it serves each year. Sanad Aerotech, previously known as Mubadala for Turbine Services & Solutions (TS & S), will …
Read More »Dow, S&P 500 both up, Nasdaq Gained, too
Media IN New York, 15 June, 2019, SPA The broader U.S. stock market erased earlier losses to close slightly lower, while technology shares fell due to a sharp decline in chip stocks. For the week, the Dow industrials and Standard & Poor’s 500 were both up 0.6 percent, while the …
Read More »Al Tayer meets his counterpart Alexander De Croo, Belgium’s Minister of Finance to bolster cooperation ties
Media IN LUXEMBOURG, 15th June, 2019 WAM UAE Minister of State for Financial Affairs, has met with Belgium’s Minister of Finance, in abid to meet UAE objective Vision 2021 so as to enhance global financial and economic cooperation. UAE finance minister stressed the investment opportunities in the UAE and discussed …
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