Category Archives: Business & Finance

Sharjah records AED14.7 billion worth of real estate transactions in , 2019

SHARJAH, AED14.7 billion worth of real estate transactions were recorded in the Emirate of Sharjah in the first half of 2019, according to a latest report of the Sharjah Real Estate Registration Directorate, SRERD.

Abdul Aziz Ahmed Al Shamsi, Director-General …

65% of Fujairah beach project completed

FUJAIRAH, Sixty-five percent of the Fujairah Beach Project has been completed as part of the emirate’s plan to promote tourism by increasing the number of available hotel rooms.

The project, located on a 35,000-square metre area, is expected to be …

Foreign Minister receives phone call from his Egyptian counterpart Sameh Shukri

Foreign Minister Mohammed Ali al-Hakim received a telephone call from his Egyptian counterpart Sameh Shukri. The two sides discussed bilateral relations and cooperation between Baghdad and Cairo to serve the interests of the two brotherly peoples.

The two sides stressed …

Fujairah oil products stocks climb for first time in six weeks

FUJAIRAH, Stockpiles of oil products at the Fujairah port in the UAE increased for the first time in six weeks, against a backdrop of strong summer demand from utilities in the region and for jet fuel from Europe, data released …

Kuwait oil price down to US$64.32 pb

KUWAIT, The price of Kuwaiti oil went down 54 cents to US$64.32 per barrel compared to 64.86 pb Monday, said Kuwait Petroleum Corporation on Wednesday.

On a global level, the Brent Blend crude went up five cents to $64.16 pb, …

ADGM welcomes digital bank applications to its international financial centre

ABU DHABI, The Financial Services Regulatory Authority, FSRA, of the Abu Dhabi Global Market, ADGM, has announced local and global applications to establish digital banks in its International Financial Centre based in Abu Dhabi as digitalisation has led to a …