Bloomberg Most Middle Eastern equity markets gained at the start of the week, with investors focusing on earnings across the region. Dubai’s benchmark index rose for a seventh consecutive session as banks and real estate companies climbed. Stock gauges in Bahrain, Oman, Kuwait and Egypt also advanced. Saudi retailer United Electronics Company, or Extra, finished at a record high after ...

DUBAI / WAM The growth pace of the regional logistics industry is set to intensify in the year 2020 on the back of boosted UAE growth expectations. The UAE is hosting the region’s first Expo, in 2020, a mega event which is poised to start in October and for which preparations are in full swing. The growth driven by the ...

ABU DHABI / WAM Recent statistics issued by the Organisation of the Petroleum Exporting Countries (Opec), highlighted a decrease in its production by 6.3 percent or some 2 million barrels per day in 2019, compared to 2018. This decrease is in line with the organisation’s recent decisions, in coordination with major independent producers, to maintain the balance in the global ...

DUBAI / WAM Etihad Airways and the Japan National Tourism Organisation (JNTO), have announced a joint consumer campaign to promote Japan as a destination of choice for Middle Eastern travelers. The campaign commenced from January 19 with the aim to further increase tourism demand from the Middle East to Japan. In March 2019, JNTO and the Japan Tourism Agency, an ...

CALICUT / WAM The UAE’s Minister of Climate Change and Environment has highlighted the strong bilateral ties between the UAE and India that extend beyond economic synergies at the Kerala Literature Festival 2020 in India. In a keynote address, Dr Thani bin Ahmed Al Zeyoudi, said that the UAE and India enjoy robust and long-standing bilateral trade relations. “The volume ...

DUBAI / WAM The world’s most pressing challenges, including climate change, poverty, inequality and environmental degradation, will be addressed by Expo 2020 Dubai through events that aim to bring the world together in a spirit of optimism for our future. With hundreds of participants and millions of visitors, Expo 2020 will be the ‘World’s Greatest Showcase’ of human brilliance and ...

DUBAI / WAM Etihad Credit Insurance (ECI), announced on Sunday that it will extend its support to exporters within domestic trade, as part of its development strategy and over goals to support and strengthen local traders. The new move comes as part of the UAE Federal export credit company subscribing to Al Etihad Credit Bureau (AECB). The Bureau is a ...

DUBAI / emirates business Emirates NBD, a leading banking group in the region, signed an agreement with Dubai Land Department’s (DLD’s) Real Estate Regulatory Agency (RERA), to become an escrow agent to provide banking services for jointly owned properties accounts in accordance with the recently issued law no. (6) of 2019 for jointly managed properties. Emirates NBD is the first ...

ABU DHABI / WAM The 4th International Rain Enhancement Forum (IREF), organised by the UAE Research Programme for Rain Enhancement Science (UAEREP), under the supervision of National Center of Meteorology (NCM), opened on Sunday at Jumeirah Etihad Towers in Abu Dhabi. Running untill January 21, IREF serves as a global platform to bring together leading international and national experts, researchers, ...

SHARJAH / WAM The Sharjah Art Foundation, SAF, announced on Sunday that this March it is set to present “the most ambitious exhibition in the Middle East to date” that explores art in the age of the internet. Curated by newly appointed SAF Director of Collections and Senior Curator Omar Kholeif, who also served as co-curator of Sharjah Biennial 14, ...