Economy

The UAE Ministry of Economy has announced that the 10th edition of the Annual Investment Meeting, AIM, will be held from 24th to 26th March 2020, in Dubai. The tenth edition is themed, ‘Investing for the Future: Shaping the Global Investment Strategies’, and will highlight the shifting global investment landscape. …

Germany is facing a risk of businesses relocating due to a shortage of skilled workers, German Chancellor Angela Merkel said on Saturday. “We know that many sectors and businesses are looking for skilled workers,” the German news agency DPA quoted Merkel as saying in her weekly podcast, ahead of a …

Bahrain All Share Index closed at 1,567.41 points marking an increase of 12.26 points above the previous closing. This increase was due to the rise in the Commercial Banks Sector, Insurance Sector, Services Sector, Hotels & Tourism Sector and Industrial Sector, the Bahrain News Agency, BNA, reported. The Bahrain lslamic …

Etisalat’s senior executives highlighted key 5G achievements, digital transformation initiatives and next generation technologies at the Leaders’ Summit in Dubai. The 13th edition of the summit focused on the theme ‘It’s all about Smart Networking’. The summit brings telecom experts and leaders together on one platform to debate and discuss …

Abu Dhabi Developmental Holding Company (ADDH) announces a preliminary agreement with Wizz Air Holdings, Central and Eastern Europe’s largest low-cost airline, to launch a low-cost airline in Abu Dhabi. The airline might launch its first flight on the second half of 2020. The new airline will gain access to markets …

Saudi Aramco’s (2222.SE) share price jumped 10% for the second consecutive day, hitting 38.7 riyals ($10.32) in a pre-market auction, Refinitiv data showed, suggesting the company will hit a $2 trillion market value when it starts trading on Thursday. The state-owned oil giant’s shares surged the maximum permitted 10% above …

The hotel establishments room revenue index increased by 13.3 percent in October 2019 as compared with same month last year, while the same index increased by 46.0 percent against September 2019, according to data released by Statistics Centre – Abu Dhabi, SCAD, today. ”The hotel establishments price index increased by …

Saudi Aramco began trading on the Saudi Stock Exchange (Tadawul) on Wednesday under the symbol 2222. Aramco share had raised by 10% to 35.2 Riyals and share trading of 350 million Riyals during the first five minutes from the start of the trading session in the Saudi market. The company’s …

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, stressed that the comprehensive development vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has made …

The Emirates National Oil Company Group, ENOC, today announced the signing of an evergreen aviation fuel supply agreement with Indian Oil Corporation, IOC, the largest commercial oil and gas company in India. The strategic agreement builds on the strong partnership that ENOC and IOC have fostered over the last two …