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Abu Dhabi hotel occupancy surges to 81% in February
Abu Dhabi hotel occupancy :: The high influx of winter travellers is keeping Abu Dhabi’s hospitality and leisure industry upbeat, with hotel occupancies soaring...
United Arab Bank ’s rights issue successfully subscribed by 124%
United Arab Bank (UAB) said on Monday its rights issue was subscribed 124 per cent, recieving Dh850 million of subscriptions.
The bank plans to increase...
Kazakhstan-UAE trade ties on upswing
Kazakhstan-UAE trade :: Trade relationship between the UAE and Kazakhstan is growing rapidly with bilateral trade between the two countries reaching $246 million (Dh904...
Dubai’s realty a top attraction for foreign investments
Dubai is among the world’s top cities for foreign investments in real estate, according to a new update from the consultancy JLL. This has...
Dubai Exports spreads local fragrances to Brazil
Dubai Exports, the export promotion agency of Dubai Economy, through its Overseas Trade Office, OTO, in Brazil, has supported the successful expansion of the...
Egypt net foreign reserves rise to $42.524b after Eurobond sale
Egypt net foreign reserves :: Egypt’s foreign reserves rose to $42.524 billion (Dh156 billion) at the end of February from $38.209 billion at the...
The UAE’s non-oil private sector growth eases in February
The UAE’s non-oil private sector growth slowed in February as indicated by the Emirates NBD Purchasing Managers’ Index (PMI) which declined to 55.1 in...
Inflation rises to 4.7% following VAT roll-out
Inflation in Abu Dhabi rose to 4.7 per cent in January 2018, the highest rate in years, following the implementation of Value-Added Tax (VAT)...
SABIC head re-elected as GPCA Chairman
SABIC head re-elected :: The Gulf Petrochemicals and Chemicals Association (GPCA) announced on Tuesday the re-election of Yousuf Al Benyan as its chairman for...
ADNOC, OCP ink deal to supply sulphur to Morocco
The Abu Dhabi National oil Company (ADNOC) and Morocco’s OCP Group have signed a long-term sales deal for ADNOC to supply OCP with granulated...
