October, 2019

• 28 October

  Emirates NBD 9-month net profit up 63% to AED12.5b

  

  Dubai / WAM Emirates NBD delivered a strong set of results with net profit up 63 percent y-oy to AED12.5 billion in the first nine months of 2019. The results include an AED4.4 billion impact from the Network International transaction. Post DenizBank acquisition, Core Operating Profit grew 5 percent y-o-y, supported by a 17 percent increase in net interest income ...

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• 28 October

  Dubai Financial Market launches Sharia index

  DUBAI / WAM Dubai Financial Market (DFM), on Monday launched the Dubai Financial Market Sharia Index (DFMSI). According to a DFM statement, the index is first index of its kind in the UAE. It highlights DFM’s efforts to attract more Islamic investments, and is seen as a step forward by providing market participants with a benchmark to measure performance of ...

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• 28 October

  UAE’s re-exports reach AED1.046tn in 3 years

  

  Abu Dhabi / WAM The total recorded re-exports of the United Arab Emirates amounted to AED 1.046 trillion over the past three years, which accounted for 25 percent of the UAE’s total trade volume during the same period, valued at AED4.141 trillion, according to official statistics revealed by the Federal Competitiveness and Statistics Authority. The FCSA’s figures indicated an upward ...

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• 28 October

  Oil steady on signs of trade deal progress

  

  Bloomberg Oil was steady after the biggest weekly advance in more than a month on signs of progress in the prolonged US-China trade spat. Futures were little changed in New York after capping a 5.4% weekly gain. The US said it was close to finalising the first phase of a trade deal with China, while Beijing said parts of the ...

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• 28 October

  Mena’s largest F&B forum opens today

  Dubai / WAM Gulfood Food Manufacturing 2019, the sixth edition of the Mena region’s largest F&B manufacturing and processing forum, opens on Tuesday, to showcase the latest processing technology, as well as address concerns over food safety and food waste, and the need to drive innovation and transform the industry. As the UAE and other GCC economies seek to further ...

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• 28 October

  Musanada commences work on AED289.5mn schools in Ain Al Fayda

  

  Abu Dhabi / WAM The Abu Dhabi General Services Company (Musanada) begun constructing two schools in the Ain Al Fayda area in Al Ain City, occupying a total area of more than 76.2 thousand square metres at a cost of approximately AED289.5 million. The two schools are envisaged to accommodate up to 4,050 male and female students in 135 classrooms. ...

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• 28 October

  Dubai Financial Market launches Sharia Index

  ABU DHABI / WAM Dubai Financial Market (DFM), on Monday launched the Dubai Financial Market Sharia Index (DFMSI). According to a DFM statement, the index is the first index of its kind in the UAE. It highlights the DFM’s efforts to attract more Islamic investments, and is seen as a step forward by providing market participants with a benchmark to measure ...

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• 28 October

  Sheikh Mohamed meets Eritrean and Ethiopian students

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a delegation of Ethiopian and Eritrean students studying in Emirati universities at the UAE’s expense. During a meeting held at the Al Bahar Palace in Abu Dhabi, HH Sheikh Mohamed bin Zayed welcomed ...

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• 28 October

  VP launches first-of-its-kind future laboratories in Dubai

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai said that the UAE has set a pioneering role model in designing the future thanks to its proactive strategies and ability to plan for and forecast changes and developments in major economic and technological sectors. His Highness’s remarks ...

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• 28 October

  Emirates, flydubai enter 3rd year of strategic partnership

  

  Dubai / Emirates Business Over 5.27 million passengers have benefitted from seamless connectivity on the Emirates and flydubai network since both Dubai-based airlines begun their partnership in October 2017. In addition, some 800,000 Emirates Skywards members have earned over 1.5 billion Skywards Miles on Emirates and flydubai codeshare itineraries in the last 12 months. Marking the milestone as the partnership ...

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