Daily Archives: August 10, 2020

Loans getting cheaper as EIBOR continues to fall

ABU DHABI, The Interbank lending rate, EOBOR, has continued to remarkably decline across all terms, with the six-month rate slipping to a several-year-old trough of 0.699 percent on August 10th from 2.2 percent early this year, with the one-year term …

Dubai Exports shortlisted for World Trade Promotion Organisations Awards 2020

DUBAI, Dubai Exports, the export promotion agency of Dubai Economy, has been shortlisted for the World Trade Promotion Organisations Awards, WTPO Awards 2020, by the International Trade Centre, ITC, a joint agency of the World Trade Organisation and the United …

40% complete of ‘Movenpick Resort Al Marjan Island’ in Ras Al Khaimah

RAS AL KHAIMAH, RAK AMI Hotel, a company based in Ras Al Khaimah with the mission to develop and manage hotels, has announced significant progress in the construction of its flagship hospitality project in Ras Al Khaimah, the Mövenpick Resort …

UAE stocks post AED15 bn in market cap gains

ABU DHABI, UAE financial markets on Monday posted combined gains of AED15 billion in market cap driven by upbeat sentiments following the positive performance of some of the listed companies, atop of which comes Abu Dhabi National Energy Company PJSC …

Hamdan bin Zayed names Abu Dhabi University’s new Al Ain Campus after Tahnoun bin Mohammed

ABU DHABI, H.H. Sheikh Hamdan bin Zayed Al Nahyan, the Ruler’s Representative in Al Dhafra Region and President of Abu Dhabi University’s Board of Trustees, has directed Abu Dhabi University, ADU, to name the new Al Ain campus after H.H. …