Finance House maintaining its credit rating
Finance House has announced its Corporate Credit Rating of “BBB-” (Long-Term) and “A3” (Short-Term). With both Investment Grades recently affirmed by Capital Intelligence (CI), the international More...
AED4.927 billion ADCB profits for 2015
Abu Dhabi Commercial Bank (ADCB) on Sunday posted a 17 per cent rise in fourth-quarter net profit. The bank made a net profit attributable to shareholders of AED1.19 billion in the three months to 31st December, More...
Foton and KBN unveil new truck for GCC markets
sheikh khalid Bin Nasser at the Launch China’s front runner in commercial vehicles, Foton International along with exclusive Qatari distributor, Khalid Bin Nasser (KBN) for Trucks and Buses, launched the Foton More...
UAE suspends Etihad Rail tendering for stage two
UAE-based Etihad Rail announced it will be suspending its tendering process for stage two of project, Reuter reports. The suspension was made in order to review the investment and the options for the timing and More...
Facebook Doubles Profits to $1.56bn Q4 2015
Social media giant Facebook said that profits more than doubled in the fourth quarter of 2015. Net profit for the three months to December rose to $1.56 billion, up from $701 million, according to the (BBC). The More...
Non-stop service from Dubai-Auckland in March
Emirates Airline today announced that it will start its first non-stop service from Dubai to Auckland on 1 March 2016, bringing many of its 38 European destinations and cities within just one-stop range of New More...
40% Drop in Samsung Net Profit
Samsung Electronics Co showed a sharp drop in net profit for the fourth quarter, following slumps in sales of its own smartphones, and of those it supplies chips for. Samsung Galaxy S5 Net profit was 3.2 trillion More...
$75m credit agreement between India and the World Bank
India and the World Bank signed a $75 million credit agreement for the Telangana Rural Inclusive Growth Project to enhance the agricultural incomes of small and marginal farmers in the state. The Telangana Rural More...
Emirates Islamic signs strategic MoU with Dubai SME
Emirates Islamic today announced that it has signed a strategic Memorandum of Understanding, MoU, with Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small More...
Vodafone Qatar reports a net loss of QR 285.7 Million
Vodafone Qatar Announces Third Quarter 2014 Results for the nine-month financial period ended December 31, 2015 compared to net loss of QR 149.8m for the same period in 2014. The loss per share for this nine-month More...
Stephen Marney to lead as the new VP of TRACCS
Business communication expert and professional management strategist Stephen Marney, has been named the new VP of strategy and development at TRACCS. With three decades of media experience, Stephen Marney will be More...
53 percent of UAE population “not saving enough”
Middle East’s leading finance comparison website, ‘Compareit4me’ has conducted a survey on the saving habits of UAE residents. The statistics provided by the firm reveal that about 53 percent of the respondents More...
Austal Delivers for the U.S. Navy
Australia based shipbuilder Austal hasdelivered a Expeditionary Fast Transport Vehicle, USNS Brunswick (EPF 6) to the U.S. Navy. The Expeditionary Fast Transport Program, also known as the EPF in short equips the More...
Emirates Brings A380 Service to Washington, D.C.
Emirates today announced that it plans to upgrade its Dubai (DXB) – Washington D.C. (IAD) service, with the introduction of its flagship Airbus A380 on the route beginning 1st February. Replacing the existing More...
Aldar Properties awards AED 2 bn contract to Arabtec to build 1,017 luxury villas on Yas Island
Aldar Properties said it has awarded a AED 2 billion ($544.5m) contract to Arabtec Construction to build 1,017 villas at its West Yas project. In a statement to Abu Dhabi Stock Exchange, Aldar said this is the final More...
Nakilat Damen Shipyards Celebrates Delivery of 27th Qatari-Built Vessel
Nakilat Damen Shipyards Qatar (NDSQ) has delivered one new Qatari-built vessel to the State of Qatar, the company said in a press release today. After a successful performance during sea trials, a new support vessel More...
QNB Expects Oil Prices in 2016 at $44
Qatar National Bank’s (QNB) weekly report forecast that the average price of oil for 2016 will be $44. The conclusion, the bank said in a statement, was one of three likely scenarios they plotted for 2016. More...
OPEC daily basket price
The price of OPEC’s basket of thirteen crudes stood at US$31.79 a barrel on Monday, compared with $31.27 the previous Thursday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes More...
No significant change in Dubai residential market values
The 15th December ValuStrat Price Index (VPI) for Dubai’s residential market has shown that, on average, there was no significant monthly change in values across the 26 areas it monitors for apartments and More...
Dubai and Doha remain relatively low construction cost locations in the world
The major cities of the Middle East – Doha and Dubai – remain some of the least expensive cities in the world in which to build, according to the International Construction Costs Index published by Arcadis, More...
Drydocks World celebrates 5 star grading from British Safety Council
Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors, has announced that it has received a five-star rating from the British Safety Council for the Occupational More...
Qatar Stock Index Drops 82.03 Points
Qatar Stock Exchange (QSE) index dropped 82.03 (-0.82%) points when the bourse closed trading at 9,959.67 points on Tuesday. The daily turnover increased to QR 129,196 Million with a volume of 3,481,577 shares from More...
Ooredoo Launches Qatar’s First Ever Dedicated Inland Sea App
Ooredoo has today launched a dedicated Inland Sea application, aimed to help easily navigate people through the desert dunes to safe spots and tourist attractions. The application, which is the first ever Qatar More...
Qatargas: Winning GCC Environment Award 2015 Evidence of Strong Performance
Qatargas announced Wednesday that winning the Gulf Cooperation Council (GCC) Environment Award for 2015 in the category of the “Best Industrial Establishment that Complies with Environmental Regulations and More...
DAMAC Properties promotion back for Dubai Shopping Festival 2016
Real estate developer DAMAC Properties’ renowned shopping festival promotion has been announced for the Dubai Shopping Festival 2016. The DSF promotion is offering new buyers of selected villas or apartments in More...
UAE non-oil trade reached AED1.632 trillion
The Ministry of Economy has announced that the UAE managed to achieve top ranks in international trade statistics 2015, which was released by the World Trade Organisation, WTO, on October 31st, 2015. According to More...
Emirates NBD launches Interactive Teller Machine
Emirates NBD has introduced a new generation Interactive Teller Machine, ITM, a first to market innovation that offers customers in the UAE a never-before personalised banking experience via a video personal teller. The More...
OPEC daily basket price
The price of OPEC’s basket of twelve crudes stood at US$31.26 a barrel on Thursday, compared with $31.54 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) More...
Qatar Airways Launches its New Daily, Non-stop Service to Los Angeles
Qatar Airways rang in the New Year with a new daily, non-stop service between Los Angeles International Airport (LAX) and Hamad International Airport (DOH) in Doha, which started January 1. The new route features More...
Real Estate Transactions Worth over QR248 Million Last Week
Real estate transactions between December 20 and 24 for the real estate sales contracts registered at the Ministry of justice are worth QR248,825,499. The Ministry said in its weekly report that the list of properties More...
Qatar Stock Index Drops 115.62 Points
Qatar Stock Exchange (QSE) index dropped 115.62 (-1.11%) points when the bourse closed trading at 10,313.74 points on Sunday. The daily turnover decreased to QR 67,433 Million with a volume of 2,011,338 shares from More...
UAE EXCHANGE RANKS AMONG THE TOP THREE MOST INTIMATE BRANDS IN EMIRATES’ FINANCIAL SERVICES INDUSTRY
High level of brand intimacy linked to higher revenue growth UAE Exchange has been ranked third out of 24 brands surveyed in the UAE Financial Services industry, according to the MBLM Brand Intimacy 2015 Report UAE More...
