February, 2017

• 7 February

  Egypt, Dubai stock markets up; Kuwait’s pull-back deepens

  

    DUBAI / Reuters Strong corporate earnings in Egypt and Dubai buoyed those markets on Tuesday, while Kuwait continued pulling back on profit-taking after a bullish run last month. Cairo’s Palm Hills Development soared 9.2 percent to 3.08 Egyptian pounds after it reported fourth-quarter consolidated net profit after minority interests of 235 million pounds ($12.7 million) versus 169 million pounds ...

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• 7 February

  US shares climb as Dow sets record on industrial-stock rally

    Bloomberg U.S. stocks climbed on Tuesday as investors assessed data on the country’s trade deficit and continued to sift through earnings reports for clues on the economy’s health. The S&P 500 Index added 0.3 percent to 2,299.32 at 9:45 a.m in New York, while the Dow Jones Industrial Average climbed 100 points to an intraday record of 20,149. The ...

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• 7 February

  Discounts on Turkish stocks show rally has legs, GAM’s Love says

    Bloomberg Turkish stocks could still have another 10 percent to gain, despite a rally so far this year that has propelled them to a place at the top of global indexes. A combination of depressed valuations, central-bank efforts to support a declining currency and improved sentiment toward riskier assets has driven the benchmark Borsa Istanbul 100 Index 12 percent ...

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• 7 February

  Mohammed: Future is in hands of UAE youth

  

    DUBAI / WAM The future is in the hands of UAE youth, and they are the bet of the country for a brighter future, said Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, during a toured on Tuesday of the Youth Achievements Exhibition. The event is organised ...

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• 7 February

  MoF to highlight UAE’s financial, economic model at WGS 2017

    DUBAI / WAM Ministry of Finance (MoF) will highlight UAE’s leading financial and economic model and the importance of strengthening financial ties with the Arab nations and others during the World Government Summit (WGS) 2017. The summit which is being held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the ...

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• 7 February

  DSCE reviews progress on key clean energy projects

    DUBAI / WAM Dubai Supreme Council of Energy (DSCE) reviewed progress on several key projects, initiatives and programmes, including the World Green Economy Organisation, a hydroelectric power station in Hatta, and the Dubai Green Mobility initiative. This came up at council’s 43rd meeting, which was chaired by Saeed Mohammed Al Tayer, Vice Chairman of DSCE. The meeting discussed important ...

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• 7 February

  Sharjah named among top 10 cities for connectivity

  

    Sharjah / Emirates Business An independent survey covering the most powerful and dynamic global economies, has named Sharjah as one of the top ten cities in the world for connectivity. Ranked at number six, Sharjah comes ahead of Frankfurt, Manchester, Miami and Dubai, reflecting its superb regional infrastructure and attraction as a business destination for foreign investors. Announcing the ...

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• 7 February

  RTA completes Phase I of rails infrastructure system

  

    Dubai / WAM Dubai’s Roads and Transport Authority (RTA) said its key unit Rails Agency completed the Phase One of the Rails Infrastructure Maintenance Management System Project (RIMMS) which involves the compiling of a comprehensive database. The project, which plays a key role in leveraging the performance of Dubai Metro and Tram and upgrading the services on offer to various ...

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• 7 February

  ADNIC wins ‘most innovative insurer of the year’ award

  

    Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADINC), one of the leading regional multi-line insurance providers for corporates and individuals, has been awarded “Most Innovative Insurer of the Year” at the prestigious MENA IR Awards 2017, in recognition of its product innovation and customer service. Commenting on the achievement, Ahmad Idris, CEO of ADNIC said: “The ...

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• 7 February

  UAE IVF sector set to cross $1.5 billion

    Dubai / WAM The UAE’s In-Vitro Fertilization (IVF) sector is expected to command a market value of $1.5 billion by 2020, according to a new study carried by IVI Middle East. The IVF global market will cross $27 billion by 2020, the study said. The overall Middle East IVF market will be worth $1.01 billion in 2017, registering a growth ...

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