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UAE news

The gold pound is priced at EGP 6,504
3 hours ago Gold prices in Egypt continue to drop
Cairo – Mubasher: Gold prices continued to decline in the Egyptian market on Monday, pressured by lower global prices of the precious metal, Ehab Wassef, Deputy Head of the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC), …
The total number of recoveries reached 81,462
4 hours ago UAE confirms 626 new COVID-19 cases
UAE - Mubasher: The UAE announced on Monday 626 new coronavirus (COVID-19) to raise the total number of cases to 92,095, according to the UAE Ministry of Health. The ministry has conducted 76,888 COVID-19 tests to detect further cases. The total …
The nanosatellite will study the levels of methane and carbon dioxide
03:52 PM UAE launches first environmental nanosatellite
UAE - Mubasher: The UAE successfully launched on Monday its first environmental nanosatellite, MeznSat, aboard the Russian Soyuz-2 rocket from the Plesetsk Cosmodrome in Russia, according to the UAE Space Agency (UAESA). Developed by a team of 30 …
The decision was part of ADCB's objective to focus its operations on the local market
03:20 PM ADCB to exit operations in China
Abu Dhabi  – Mubasher: Abu Dhabi Commercial Bank (ADCB) will exit its operations in China, as the China Banking and Insurance Regulatory Commission (CBIRC) has approved the closure of the bank's branch in Shanghai. The decision was part of ADCB's …
The banks segment led the gainers
02:49 PM ADX closes Monday up; market cap gains AED 800m
Abu Dhabi - Mubasher: The main index of the Abu Dhabi Securities Exchange (ADX) rose by around 0.14% or 6.34 points to 4,492.17 points by the end of Monday's trading session. Turnover amounted to AED 377.29 million after 107.198 million shares had …
The market cap value increased by AED 2.14 billion
02:35 PM DFM resumes upward performance on Monday
Dubai - Mubasher: The benchmark index of the Dubai Financial Market (DFM) inched up by 0.73% or 16.56 points to close Monday's trading session at 2,261.49 points. A total of 619.78 million shares were traded through 6,363 transactions at a total …
IAE will send the V2500 engines to Sanad’s facility in Abu Dhabi
02:07 PM Mubadala's Sanad inks AED 1bn deal with Pratt & Whitney, IAE
UAE - Mubasher: Sanad, a wholly-owned subsidiary of Mubadala Investment Company (Mubadala), has entered an AED 1 billion deal with Pratt & Whitney and International Aero Engines (IAE), a multinational aero engine consortium. Sanad Aerotech, a part …
Givanakis will assume his new position in April 2021
01:21 PM ADGM appoints new CEO for Financial Services Regulatory Authority
UAE - Mubasher: Abu Dhabi Global Market (ADGM) has named Emmanuel Givanakis the CEO of ADGM’s Financial Services Regulatory Authority (FSRA), succeeding Richard Teng who will step down at the end March 2021. Givanakis, who is currently the Senior …
The company's sales reached AED 586 million in 9M
12:53 PM Reportage Properties' sales exceed AED 237m in Q3-20
UAE – Mubasher: The UAE developer Reportage Properties saw more than AED 237 million sales during the third quarter (Q3) of 2020, according to the latest data by the company. During the first nine months of 2020, the company's sales reached …
The UAE fuel has maintained the same price levels since April
12:00 PM UAE maintains fuel prices unchanged in October
UAE - Mubasher: The UAE has kept the fuel prices unchanged in October to mark the seventh month in a row, the UAE's Fuel Price Follow-up Committee announced on Monday. The UAE fuel has maintained the same price levels since April 2020. The per …
Both entities will also cooperate in expanding and diversifying the UAE economy
11:39 AM Jafza partners with Etihad Credit Insurance to support UAE economy
UAE - Mubasher: The Jebel Ali Free Zone (Jafza), the UAE-based business and logistics hub, has reached a strategic agreement with Etihad Export Credit Insurance Company (ECI) to support local businesses and the UAE economy amid the coronavirus …
The petroleum ports include the onshore Jebel Dhanna Ruwais Port
10:34 AM ADNOC L&S inks 25-year agreement to serve Abu Dhabi petroleum ports
UAE - Mubasher: ADNOC Logistics and Services (ADNOC L&S), a subsidiary of Abu Dhabi National Oil Company (ADNOC), has inked a 25-year agreement with the Petroleum Ports Authority (PPA) to provide all the petroleum ports in Abu Dhabi with marine …
The administrators would manage the financial restructuring of NMC
10:11 AM ADGM Courts appoint administrators for NMC entities in UAE
UAE - Mubasher: The Abu Dhabi Global Market (ADGM) Courts have named Richard Fleming and Ben Cairns of Alvarez & Marsal the administrators of the NMC Healthcare's operating companies and businesses in the UAE, according to the Emirates News Agency …
The company is coordinating with consulting firms
09:37 AM Arabtec Holding denies appointing consultant for debt restructuring
Dubai – Mubasher: Arabtec Holding has denied the appointment of a consultant to restructure its debts, according to the company's disclosure to the Dubai Financial Market (DFM) on Monday. The company referred that it is coordinating with …
CMA has nodded to Al Bareeq Holding's listing on DFM
27 September 04:37 PM CMA approves Al Bareeq Holding's listing on DFM
Mubasher: Kuwait's Capital Market Authority (CMA) has nodded to Al Bareeq Holding's request to be listed on the Dubai Financial Market (DFM). The company should be committed to the regulations of securities activities and their amendments, …
The partnership is part of the global startup in-residence programme
27 September 04:03 PM Etisalat Digital partners with seven global startups in AREA 2071
Abu Dhabi - Mubasher: Etisalat Digital, a business unit in Emirates Telecommunication Group (Etisalat), has entered a partnership with seven international startups from six countries, according to the Emirates News Agency (WAM). The partnership is …
The UAE topped 121 indicators globally
27 September 03:24 PM UAE Cabinet nods to economic agreements
UAE – Mubasher: The UAE Cabinet has approved a number of economic agreements with several countries, including Egypt, Chile, and Zambia, Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Ruler of Dubai, announced on …
The market cap value rose by AED 3.24 billion
27 September 03:15 PM ADX gains AED 3.24bn on Sunday
Abu Dhabi - Mubasher: The main index of the Abu Dhabi Securities Exchange (ADX) ended Sunday's trading session in the green zone after gaining 0.43% to stand at 4,485.84 points. Turnover amounted to AED 238.23 billion after 72.42 million shares …
A total of 225.92 million shares were traded
27 September 03:06 PM DFM ends Sunday down; market cap loses AED 480m
Dubai - Mubasher: The benchmark index of the Dubai Financial Market (DFM) went down around 0.32% or 7.32 points to settle at 2,244.93 points by the end of Sunday's trading session. A total of 225.92 million shares were traded through 2,964 …
A total of 40 tonnes of high-grade blue ammonia were dispatched to Japan
27 September 02:15 PM Saudi Aramco, Japan’s IEEJ ship world’s first blue ammonia
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) and Japan’s Institute of Energy Economics(IEEJ), in partnership with the Saudi Basic Industries Corporation (SABIC), demonstrated the production and shipment of blue ammonia from …
The banks invested AED 191.3 billion in debt securities in February
27 September 01:56 PM Abu Dhabi banks' investments in debt securities exceed AED 17bn in 7M
UAE - Mubasher: Abu Dhabi banks have invested around AED 17.2 billion in debt securities during the first seven months of 2020, according to the latest statistics by the Central Bank of the UAE (CBUAE). The banks' total cumulative investment …
The ministry has conducted 106,034 COVID-19 tests
27 September 01:24 PM UAE confirms 851 new COVID-19 cases
UAE - Mubasher: The UAE reported 851 new coronavirus (COVID-19) cases to raise the total number of cases to 91,469, the UAE Ministry of Health announced on Sunday. The ministry has conducted 106,034 COVID-19 tests to detect new cases. The total …
Dubai Chamber has issued more than 151,000 Certificates of Origin
27 September 12:55 PM Dubai Chamber members see 7% higher exports in June-August period
UAE - Mubasher: The total value of the exports of the Dubai Chamber of Commerce and Industry members rose by 7.4% to more than 45 billion during the June-August period of 2020, compared to the March-May period. In the last three months, Dubai …
The CI has affirmed the ratings of five Emirati banks
27 September 12:09 PM CI affirms five Emirati banks' ratings; outlook 'stable'
UAE - Mubasher: Capital Intelligence (CI), the international credit rating agency, has affirmed the ratings of five Emirati banks, with a stable outlook. The banks comprise Abu Dhabi Commercial Bank (ADCB), the Commercial Bank …
Abu Dhabi Ports will have access to MICCO's logistics solutions
27 September 11:24 AM Abu Dhabi Ports acquires MICCO Logistics
UAE - Mubasher: Abu Dhabi Ports has acquired MICCO Logistics in Abu Dhabi to promote its role in connecting the world with the Gulf, according to Abu Dhabi media office. Through the acquisition, Abu Dhabi Ports will have access to MICCO's …