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ABU DHABI / WAM The first half of 2019 saw an input of AED2.3 billion into the Abu Dhabi economy, revealed the Abu Dhabi National Exhibitions Company on Wednesday. In a statement, the company said that its Abu Dhabi National Exhibition Centre (Adnec ), and Al Ain Convention Centre (AACC) contributed AED2.3 billion to the Abu Dhabi economy in H1 ...

Bloomberg Bank of Sharjah PJSC plans to issue dollar-denominated bonds later this year to help the United Arab Emirates lender repay existing debt, people with knowledge of the plan said. The company wants to raise about $500 million in a sale likely to take place in September or October, according to the people, who asked not to be identified because ...

Bloomberg Oil tumbled the most in a week as global financial markets swooned and the swelling US crude stockpiles reinforced the fears about an economic slowdown. Futures slipped more than 5 percent in New York, joining a slide in equities. American crude inventories registered a surprise increase for the second straight week, US data showed on Wednesday, although gasoline demand ...

Bloomberg US President Donald Trump’s new tariffs on Chinese agricultural products are likely to hurt the Asian nation a lot less than the retaliatory duties Beijing already imposes on the US. The White House, while delaying tariffs on big-ticket consumer products until Dece- mber, decided to push ahead with 10 percent tariffs on Chinese agricultural products as well as antiques, ...

Dubai / Emirates Business Etisalat Carrier & Wholesale (C&WS) and Sparkle announced the establishment of a 5G data roaming interconnection between Etisalat and TIM, paving the way for 5G roaming between Middle East and across the globe. This strategic agreement will set the path for 5G and the global mobile and carrier community. While Expo 2020 was the first major ...

Dubai / Emirates Business For the tenth year in a row National Bonds, the UAE’s leading Sahri’a Saving and Investment Company, is distributing ‘Eidiyah’ to more than 1000 lucky minor bondholders. ‘Eidiyah’ is an annual initiative that rewards minor bondholders via special electronic draws for AED 50 held in celebration of Eid Al Adha. As part of its efforts to ...

FUJAIRAH / WAM/S&P Platts Refined oil product stockpiles at the Middle Eastern hub of Fujairah jumped 10 percent in the week to August 12 to 21.253 million barrels — an eight-week high — according to data released on Wednesday by the Fujairah Oil Industry Zone (Foiz). The biggest increase was in middle distillates, which ballooned 35 percent to 2.86 million ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received on Wednesday His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Their Highnesses exchanged views on national issues related to Emiratis to ensure ...

ABU DHABI / WAM Abu Dhabi will showcase its world-class infrastructure and technology achievements in the transport sector to global experts as part of a series of technical visits during the World Road Congress Abu Dhabi 2019. Now open for registration, the free technical visits will offer delegates valuable insights on how Abu Dhabi deals with the day-to-day operations of ...

DUBAI / Emirates Business Under the patronage HE Dr Abdullah Belhaif Al Nuaimi, the UAE Minister of Infrastructure Development and the Chairman of Federal Transport Authority for Land and Maritime, Breakbulk Middle East (BBME), the largest breakbulk and project cargo event in the GCC, will return to the UAE on February 25-26, 2020. This will mark the second consecutive year ...