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DUBAI / WAM In August, for the first time, the Dubai Gold and Commodities Exchange (DGCX), traded over three million contracts in one month, surpassing its previous record of 2.38 million contracts set in July. The 3.22 million lots traded and cleared in August were valued at $52.72 billion, also a new record. The exchange recorded its highest-ever daily volume ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development issued 3,854 new economic licences in second quarter, recording a rise of more than 44%, compared to 2,671 commercial licences issued during same period last year, as per commercial activity report by department’s Abu Dhabi Business Centre. According to report, 1,947 new licences were issued in Abu Dhabi city, ...

ABU DHABI / WAM The total value of hunting weapons sold at the Abu Dhabi International Hunting and Equestrian Exhibition, ADIHEX 2019, which ended at the Abu Dhabi National Exhibition Centre (Adnec), reached AED35.5 million. Brigadier Salim Hamoud Al Balushi, Chairman of the Security Organising Committee of the Exhibition, said that this level of sales reflects the public’s interest in ...

Bloomberg With oil trading below Saudi Arabia’s break-even level, energy policy is a top priority for the world’s biggest crude exporter. Following the loss of most of his domestic portfolio, Energy Minister Khalid Al-Falih will now have more time to work on balancing the market. Saudi Arabia will split the vast energy, industry and mining portfolio that Al-Falih had run ...

ABU DHABI / WAM Abu Dhabi International Airport (AUH), welcomed over 4.5 million passengers during summer months, demonstrating airport’s popularity with travelers heading to and leaving Abu Dhabi, as the airport seeks to offer a wide range of attractive routes, smooth operational efficiency and high customer satisfaction. During summer period, top five destinations that saw the highest share of traffic ...

ABU DHABI / WAM The UAE Cabinet formed a committee, chaired by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, with several ministers and officials as members, to implement the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to the ministers, government officials ...

Abu Dhabi / WAM As of August 16, Emirati citizens with diplomatic, private, and regular passports have been exempted from applying for pre-entry visas to enter Paraguay, announced the Ministry of Foreign Affairs and International Cooperation. The decision was issued as part of an agreement signed by Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, and Foreign ...

ABU DHABI / Emirates Business The Department of Urban Planning and Municipalities (DPM) unveiled its new digital platform, My Land, allowing the public to identify land use, locate available sites and discover potential opportunities in Abu Dhabi. The DPM platform — the first of its kind in the region — provides the general public, including landowners and developers, with a ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced that it has enabled bill payment service through Abu Dhabi Commercial Bank (ADCB) mobile application to facilitate customer transactions and upgrade its services. Among the 100,000 customers of Empower, who have an account with ADCB Bank, can easily pay their bills through ADCB ...

ABU DHABI / WAM Al Hilal Bank’s Board of Directors has appointed Abdul Shakeel Aidaroos as the Bank’s new Chief Executive Officer. Abdul Shakeel replaces Amr Al Menhali, who has been announced as the incoming CEO of Waha Capital. Al Hilal Bank, which was acquired by the ADCB Group following the merger between Abu Dhabi Commercial Bank, ADCB, and Union ...