World

Media IN LUXEMBOURG, 15th June, 2019 WAM The Minister of State for Financial Affairs of UAE, met with his counterpart, Minister of Finance of Cyprus, to discuss ways of enhancing cooperation between the two friendly countries, which extends for more than 50 years. The meeting was held during a visit …

Media IN KARUIZAWA, Japan WAM  15th-06-2019 Saudi energy Minister Khalid al-Falih said on Saturday that he hopes oil producers will be able to balance the oil market before next year. “We hope that we will balance the market before next year. We are working on it,” Falih  said on the …

Media IN SINGAPORE, June 13, 2019, SPA Hong Kong’s Hang Seng gave up 0.8% to 27,103.02, extending its losses after closing down 1.7% on Wednesday. South Korea’s Kospi lost 0.3% to 2,103.15 and the Nikkei 225 index in Japan lost 0.5% to 21,032.00. Australia’s S&P ASX 200 was less than …

Media IN RIO DE JANEIRO, 13th June, 2019 WAM Chambers of commerce from all regions of the world must align their efforts to maximise their impact and shape solutions for global economic and social challenges, H.E. Hamad Buamim, Chairman of the ICC World Chambers Federation and President & CEO of …

Media IN VIENNA, 13th June, 2019 WAM The price of OPEC basket of fourteen crudes stood at US$61.01 a barrel on Wednesday, 12th June, compared with US$62.56 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …

Media IN Berlin: 13th-06-2019 His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces said that the UAE’s economic approach is based on openness, diversity, flexibility and partnerships that aim to achieve sustainable development. The statement was  made …

Media IN VIENNA, 12th June, 2019 (WAM) The price of OPEC basket of fourteen crudes stood at US$62.56 a barrel on Tuesday, 11th June, compared with US$63.01 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light …

Media IN ISLAMABAD, 12th June, 2019 (WAM) The UAE’s US$3 billion deposit with the State Bank of Pakistan has contributed to alleviating the country’s financial crisis and easing pressure on foreign exchange reserves, according to Pakistan’s State Minister for Revenues. Hammad Azhar made the remarks on Tuesday as he presented …

Media IN LONDON, June 11, 2019, SPA Sterling pulled away from five-month lows versus the euro on Tuesday after British wages in the three months to April rose faster than expected. The pound recovered from five-month lows against the euro of 89.325 pence hit earlier in the session and rose …

Media IN LONDON, 11th June, 2019 (WAM) Petrofac has secured its third project under a 10-year Framework Agreement with Petroleum Development Oman (PDO) with the award of a procurement services project for the Mabrouk North East Line Pipe Procurement Project in Oman. The contract, valued at approximately US$75 million, is …