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Emirates Transport sees record growth in H1

DUBAI / WAM Emirates Transport (ET) has achieved record growth in terms of the number and value of contracts it signed with federal institutions and local authorities during the first half of the current year. The company signed 10 new contracts to provide transportation and rental services with eight government and federal authorities during this period. Abdulghaffar Mohammed Yousef, Accounts ...

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Dubai Mercantile Exchange posts strong growth in forward trading

DUBAI / WAM Dubai Mercantile Exchange (DME) on Monday announced a 45 percent increase quarter-on-quarter in trading activity on the exchange’s forward curve and a 33 percent growth in exchange average daily volume (ADV) during the first half of 2019. Forward curve volume reached 208,997 contracts from April 2019 through June 2019 versus 143,703 contracts traded in Q1 2019. Exchange ...

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UAE, Saudi support project to help Yemeni families

ABYAN / WAM The UAE and Saudi Arabia are supporting a project, titled, “Urgent Support for Improving Livelihoods of Underprivileged Families,” in Abyan Governorate, Yemen, which has benefitted 4,200 local fishermen. The project is being implemented by the Food and Agriculture Organisation (FAO), supported by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), and in partnership with ...

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