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Dubai / Emirates Business Dubai Land Department (DLD) recorded an unprecedented growth in the last ten days of 2018. HE Sultan Butti bin Mejren, Director General of DLD, stressed that Dubai’s real estate market recorded a high-transaction volume during the last ten days of 2018 with a value of over AED 19 billion through 2,081 transactions. Bin Mejren affirmed that ...
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December, 2018
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31 December
‘VP’s journey filled with unparalleled accomplishments’
Dubai / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, said that Monday marks the conclusion of the ‘Year of Zayed’ and the nation’s celebration of 50 years of inspiring leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. ...
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31 December
‘Sheikh Mohammed blazes his own trails’
Abu Dhabi / WAM His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation, and Chairman of the Abu Dhabi Sports Council, said that His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has succeeded over ...
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31 December
Ruwad launches initiative to empower students
Sharjah / WAM Sharjah SME (RUWAD) in cooperation with the Sharjah Education Council, have launched the “Business Stars†initiative, which empowers school and university students and encourages them to take part in the business investment experience. The initiative was inaugurated by Dr. Saeed Musbah al Kaabi, Chairman of Sharjah Education Council, and Abdullah Musabah Al Tunaiji, Board Member of RUWAD. ...
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31 December
German power price jump could extend into 2019
Bloomberg The record jump in prices in Europe’s biggest power market could extend well into 2019. Booming European carbon futures, Germany’s plan to shut some of its dirtiest plants, and low water levels after an extremely dry summer are all factors driving the region’s electricity prices. While 2018’s surge probably won’t be repeated, Wood McKenzie Ltd says average rates for ...
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31 December
Russia’s oil bosses brush off price drop
Bloomberg Russian officials and executives from its biggest oil companies put on a brave face, even as Brent trades near 16-month lows. “The drop in oil prices hardly bother us because our budget is based on $42 a barrel,†First Deputy Prime Minister Anton Siluanov told reporters ahead of a meeting between President Vladimir Putin and big business in Moscow. ...
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31 December
Gasoline prices in South Africa’s Gauteng set to fall
Bloomberg The price of gasoline in South Africa’s economic hub of Gauteng will fall to the lowest since March in January 2019. A liter of 95-octane gasoline will decrease 1.23 rand to 14.01 rand ($0.97) in Gauteng, which includes Johannesburg and the capital, Pretoria, the Central Energy Fund said in an emailed statement. Diesel will decline 1.53 rand a liter ...
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31 December
Exxon Mobil heads for worst annual performance since 1981
Bloomberg Things haven’t been this bad for the world’s biggest oil stock since Ronald Reagan became president. But brace yourself, 2019 may not be much better. Exxon Mobil Corp, down 22 percent for the year 2018, is headed for worst annual performance since 1981, when US was in recession and a 20-year crude glut was just beginning. The decline comes ...
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31 December
Landslide victory for Hasina in B’desh violence-hit polls
Bloomberg Bangladeshi Prime Minister Sheikh Hasina’s party won almost 90 percent of the seats to give the premier an unprecedented fourth term in a vote marked by tight security, violence and a crackdown on the opposition. Hasina’s Awami League and its close allies won 267 of the 299 seats up for a vote, Election Commission Secretary Helal Uddin Ahmed told ...
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31 December
Russia apartment block blasts kill 4
Bloomberg Four people died and 68 remain unaccounted for after a gas explosion in a residential building in Russia on Monday morning. Russia’s Investigative Committee launched a criminal case into the incident in Magnitogorsk, about 1,700 kilometres east of Moscow. The inquiry will consider all possible versions of what happened, according to a statement. “Currently, the priority version is explosion ...
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