SHARJAH / WAM Industrial production in Sharjah reached AED41 billion in 2018, according to the Sharjah Economic Development Department (SEDD). The industrial licences indicator showed some remarkable achievements, whereas the number of issued industrial licences grew by 14 percent in 2018 as compared to 2017 with 174, and 1890 renewed. According to a report from the department, the contribution of ...

DUBAI / Emirates Business Deyaar Development PJSC (Deyaar), one of Dubai’s leading property developers and real estate service providers, announced its preliminary unaudited financial results for the full year ended on December 31, 2018. The company reported revenues of AED643.7 million in 2018, compared to AED 751.6 in 2017. Net profit rose by 7.4% from AED 130.4 million in 2017 ...

Bloomberg Oil rose in New York after jumping the most in more than a week on concerns that US sanctions on Venezuela will pose significant market disruption. West Texas Intermediate futures climbed as much as 1.3 percent after adding 2.5 percent. Venezuela is considering declaring force majeure on oil exports to the US, a signal it may halt shipments after ...