UAE news

22 January 11:28 PM Oil goes down at Tuesday’s settlement on slower global growth
Mubasher: Oil futures settled down on Tuesday, as the IMF lowered its expectation regarding the growth of the global economy.
22 January 10:41 PM Gold settles higher on Tuesday
Mubasher: Gold settled up on Tuesday, as tensions rise between the US and China, threatening the possibility of reaching a trade agreement.
The report was published ahead of MEDLAB 2019
22 January 07:43 PM MENA’s clinical laboratory services market hits $10bn – Report
Dubai - Mubasher: The clinical laboratory services market in the Middle East & North Africa Region (MENA) is estimated at $8-$10 billion with a major increase in doctor’s decisions based on laboratory test results, according to a report released …
22 January 07:06 PM Halliburton swings into profit in Q4
Halliburton turned to profit in the fourth quarter of 2018, while its total revenue declined marginally.
22 January 07:00 PM Al Baraka Bank–Egypt names new chairman
Mubasher: The board of Al Baraka Bank–Egypt has elected Ibrahim Al-Shamsi as a new chairman, to succeed Adnan Ahmad Youssef, who was appointed to the position in 2008.
22 January 06:59 PM Saudi Aramco, UAE’s DEWA inks MoU for energy cooperation
Riyadh – Mubasher: State-run Saudi Aramco has signed a memorandum of understanding (MoU) with the Dubai Electricity & Water Authority (DEWA).
22 January 06:09 PM Gas futures fall 9% on slower global growth fears
Gas future prices dropped by more than 9% on Tuesday, as worries mounted over a global economic slowdown.
UAE’s Dana Gas plans $5bn investments in Egypt - CEO
22 January 05:43 PM UAE’s Dana Gas plans $5bn investments in Egypt - CEO
Abu Dhabi – Mubasher: Dana Gas is planning to increase its investments in Egypt by around $5 billion in the coming five years to bolster its gas exploration activities, its CEO said on Tuesday. Egypt’s prime minister Mostafa Madbouly has already …
22 January 05:29 PM Gulf nations to bolster Pakistani economy with $30bn loans, investments
Prime Minister Imran Khan turned to Arab Gulf nations to shore up the economy.
22 January 05:14 PM Dana prioritises dividends, eyes sukuk buyback – CEO
Abu Dhabi – Mubasher: Dana Gas’ decision to distribute dividends last year was not an exceptional movie.
Agility Public Warehousing signed a MoU to manage logistic services for Carbon Holdings’ industrial institutions in Egypt.
22 January 05:04 PM Kuwait’s Agility signs logistics deal with Egypt’s Carbon Holdings
Mubasher: Agility Public Warehousing, dually-listed on Boursa Kuwait and the Dubai Financial Market (DFM), signed a memorandum of understanding (MoU) to manage logistic services for Carbon Holdings’ industrial institutions in Egypt, including its …
Agility Public Warehousing signed a contract worth KWD 6.5 million ($21.5 million) to provide warehouse management services to Kuwait National Petroleum Company (KNPC) for five years.
22 January 04:40 PM Kuwait National Petroleum signs $21.5m deal with Agility
Mubasher: Agility Public Warehousing signed a contract worth KWD 6.5 million ($21.5 million) to provide warehouse management services to Kuwait National Petroleum Company (KNPC) for five years. The agreement aims to support KNPC’s operations …
22 January 04:36 PM Thumbay Group to open Ajman’s AED1bn medical hub in March
Thumbay Group announced that it will inaugurate new medical city, one of the latest additions to the UAE's healthcare sector.
22 January 04:33 PM Dubai retailer Al Futtaim, will.i.am’s tech firm team up
Dubai-based retail giant Majid Al Futtaim on Tuesday announced that it has partnered with US technology company, I.AM+, founded by music artist, will.i.am.
Dana is seeking to repurchase $33 million sukuk for its portfolio
22 January 04:22 PM Dana prioritises dividends, eyes sukuk buyback – CEO
Abu Dhabi – Mubasher: Dana Gas’ decision to distribute dividends last year was not an exceptional move, but it was a part of an ongoing strategy adopted by the board to maintain the payment of dividends, the UAE-based energy producer’s CEO said. …
EGP mixed against FX currencies Tuesday
22 January 04:02 PM EGP mixed against FX currencies Tuesday
Cairo – Mubasher: The performance of the Egyptian pound was mixed on Tuesday against foreign currencies at national and private banks. Misr Iran Development Bank (MIDB) offered the highest US dollar rate at EGP 17.9 for buying and EGP 17.98 for …
22 January 03:45 PM Development of Emaar’s Address Dubai Mall nears completion - SSH
Emaar Properties is on the verge of completing the development of the final phase of Address Dubai Mall in Downtown Dubai.
22 January 03:43 PM Emaar Properties to open 5 retail link bridges in February
The construction of five new retail link bridges in Dubai is on track as part of The Dubai Mall’s Zabeel expansion.
22 January 02:49 PM India’s solid economic growth, regulatory reforms to boost insurance sector
India’s insurance and reinsurance sectors would grow strongly thanks to a robust economy and evolving regulations, Moody’s Investor Service said in a new report.
22 January 02:05 PM Global financial system risks remain modest despite uncertainty – Moody’s
As global financial markets are facing risks amid mounting volatility and market turbulence, the threat level to the overall financial system remains mild.
22 January 01:56 PM Etisalat’s brand portfolio surpasses $10bn, tops Mideast peers
Etisalat has become the first company in the Middle East to break the $10 billion barrier in terms of the wider portfolio value.
22 January 01:32 PM German business morale improves in January
German economic confidence saw an improvement in January, survey data showed on Tuesday.
22 January 01:06 PM Abu Dhabi Ports, JOCIC start AED 2.2bn tire factory construction
Abu Dhabi Ports and China’s JOCIC on Tuesday announced beginning the construction works of Roadbot tire project in the Khalifa Industrial Zone Abu Dhabi (KIZAD).
22 January 12:59 PM Updated UK jobless rate ticks lower in 3M
The number of working people increased between the three months ended August 2018 and the three months ended November 2018.
22 January 12:35 PM Gold stabilises early Tuesday as stronger dollar curbs safe-haven appetite
Gold prices steadied earlier on Tuesday, but a strong US dollar kept a lid on gains for the precious metal.