April, 2018

• 17 April

  Monetary deposits with central bank reach AED55.8bn

  ABU DHABI / WAM Monetary deposits at the UAE Central Bank stood at AED55.8 billion in the first quarter of 2018 while withdrawals reached about AED55 billion, according to the figures released by the UAE Central Bank on Tuesday. “Value of deposits in banknotes was AED5,578 million against AED23 million for currency in coins,” the figures indicated. “Monetary deposits were ...

  Read More »
• 17 April

  Noor Bank markets $500mn 5-yr sukuk

  DUBAI / Reuters Dubai-based Noor Bank has started marketing a five-year sukuk worth $500 million with an initial price guidance of around 175 basis points over mid-swaps, a document from one of the banks leading the transaction showed. Noor Bank, rated A-(minus) by Fitch, plans to price the senior unsecured Islamic bonds later on Tuesday. Citi, Deutsche Bank, Dubai Islamic ...

  Read More »
• 17 April

  Etisalat teams up with Indra to boost digital solutions portfolio

  ABU DHABI / WAM Etisalat announced its partnership with Indra to enhance and widen its digital solutions portfolio in multiple sectors, allowing both parties to share best practices and training, industry expertise, explore business opportunities, and strengthen their position in the markets they operate. Indra, offers a comprehensive range of proprietary solutions and specialises in the development of end-to-end technology ...

  Read More »
• 17 April

  Abu Dhabi hospitality sector sees 5% rise in Q1 occupancy

  ABU DHABI / Emirates Business The hospitality market in Abu Dhabi registered a 5% increase in occupancy levels in the first quarter of 2018, according to JLL’s Q1 2018 Real Estate Market Overview Report. According to the Abu Dhabi Tourism & Culture Authority, the number of guests staying at hotels in the emirate earlier this year rose by 15% (compared ...

  Read More »
• 17 April

  DBWC membership in Q1 sees 15.7% growth

  

  Dubai / WAM The Dubai Business Women Council (DBWC), has disclosed that its total membership has increased by 15.7 percent during the Q1 of 2018. The increase in membership brings the total number of DBWC members up to 684, which reflects the council’s important role in supporting business women and enhancing their competitiveness in the country’s labour market. The DBWC ...

  Read More »
• 17 April

  Cityscape Abu Dhabi kicks off

  

  ABU DHABI / WAM | Emirates Business Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, on Tuesday launched the 12th Cityscape Abu Dhabi 2018 exhibition, which is ...

  Read More »
• 17 April

  Dubai leads the world in quality of roads: RTA chief

  

  DUBAI / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), in Dubai, stated that Dubai’s relentless efforts to keep pace with the future needs are marked by accelerating improvements of roads and transport means in the emirate. He announced plans for protecting the environment, raising traffic safety level, ...

  Read More »
• 17 April

  UAE-Romania joint committee holds its first meet in Bucharest

  

  BUCHAREST / WAM The UAE-Romania Joint Committee on Tuesday held its first ministerial meeting in the Romanian capital, Bucharest. The meeting was chaired by Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State, and by Teodor Melescanu, Minister of Foreign Affairs of Romania. The meeting featured the presence of several high officials from the Government of Romania including Danut ...

  Read More »
• 17 April

  US stocks rise amid earnings

  

  Bloomberg US stocks rose amid better-than-expected earnings from several industry heavyweights, adding to evidence that the strengthening economy is lifting corporate profits. The S&P 500 Index pushed through its average price for the past 50 days, a level it hasn’t breached in a month. Netflix Inc. surged after subscriber growth topped estimates. Johnson & Johnson and UnitedHealth Group Inc. climbed ...

  Read More »
• 17 April

  Saudi stocks continue to rise, telcos boost Egypt

  

  Reuters Saudi Arabia’s stock market continued a strong uptrend on Tuesday on the back of petrochemical and banking stocks, while rising telecoms shares boosted Egypt. The Saudi index closed 0.6 percent up at 8,096 points, having finished above 8,000 points on April 16 for the first time since August 2015. Petrochemicals giant Saudi Basic Industries rose 1.9 percent before going ...

  Read More »