January, 2019

• 30 January

  Oil extends gain after rising most in a week on Venezuela crisis

  

  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 ...

  Read More »
• 30 January

  Boeing sales surpass $100bn for first time

  

  Bloomberg Boeing Co soared after reporting a record cash gush for 2018 and cracking the $100 billion sales barrier for the first time in its 102-year history — and the US planemaker says the best is yet to come. Sales, earnings and cash are all poised to rise this year, building on fourth-quarter earnings that beat estimates, the company said ...

  Read More »
• 30 January

  EY wins Etihad Credit Insurance advisory contract

  Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, awarded an advisory contract to EY, a global leader in assurance, tax, transaction and advisory services. The contract will allow EY to extend its insights and quality services and solutions in the areas of strategy and operational transformation to the federal agency of the UAE mandated to ...

  Read More »
• 30 January

  Rakbank records AED917.5mn net profit for 2018

  

  DUBAI / WAM The National Bank of Ras Al-Khaimah, Rakbank, has announced a consolidated net profit of AED917.5 million for fiscal year FY 2018, an increase of AED107 million over the previous year. As at December 31, 2018, the bank’s total assets stood at AED52.7 billion, growing by 8.5 per cent compared to 2017. Gross loans and advances were AED34.8 ...

  Read More »
• 30 January

  Emirates Steel, Abu Dhabi Ports ink $270m marine services deal

  

  ABU DHABI / WAM Emirates Steel, a subsidiary of the General Holding Corporation (Senaat), has signed a strategic agreement with Abu Dhabi Marine Services (Safeen), a subsidiary of Abu Dhabi Ports, valued at AED1 billion ($270mn). The agreement was signed by the Chief Executive Officer of Emirates Steel, Saeed Ghumran Al Remeithi, and Captain Mohamed Juma Al Shamisi, Chief Executive ...

  Read More »
• 30 January

  China to expand investment in UAE through AIM

  

  DUBAI / WAM The UAE has managed to achieve a qualitative leap in its economy during the recent years due to the adoption of a forward-looking strategy and in anticipation of strategic plans for the future, according to the Ministry of Economy. This move has strengthened UAE’s position on the map of the world economy, the ministry said in a ...

  Read More »
• 30 January

  Mohammed visits Arab Health Exhibition in Dubai

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, visited the 44th Arab Health Exhibition, which is being held at the Dubai World Trade Centre (DWTC) on Wednesday. His Highness Sheikh Mohammed bin Rashid toured the four-day exhibition, which is hosting many major international companies in the healthcare ...

  Read More »
• 30 January

  Trump’s gambit in Syria risks freeing hundreds of IS fighters

  

  Bloomberg A month after President Donald Trump said he’d pull US forces from Syria, a critical global security question is unanswered: What to do with hundreds of IS fighters and their families —including Europeans and Americans—held by Kurdish forces in makeshift prisons? US officials estimate there are 800 prisoners who need to be dealt with at a series of Kurdish-run ...

  Read More »
• 30 January

  Venezuela has 20 tons of gold ready to ship

  Bloomberg Venezuelan lawmaker Jose Guerra dropped a bombshell on Twitter: The Russian Boeing 777 that had landed in Caracas the day before was there to spirit away 20 tons of gold from the vaults of the country’s central bank. The claim set off a welter of social media speculation and outrage. When asked how he knew this, Guerra provided no ...

  Read More »
• 30 January

  Kosovo leader to Trump: Serbia deal within reach

  Bloomberg Kosovo’s President Hashim Thaci told US President Donald Trump he’s ready to reach a permanent agreement with Serbia. Serbia and Kosovo have been searching for a lasting solution in a process endorsed by the European Union, which asks them to normalize ties in order to join. But the process has stalled over issues including redrawing borders, Kosovo’s creation of ...

  Read More »