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October 4th, 2019 | 0 comments Sanad Aerotech, the wholly-owned maintenance, repair, and overhaul (MRO) provider for aircraft engines by Mubadala Investment Company, announced it has signed an AED 422 million financing agreement with Mashreq Bank. The bank facilities will be used to carry out Sanad Aerotech’s expansion plans, according to a press release. This comes as...

October 4th, 2019 | 0 comments The UAE’s non-oil sector activity has witnessed a slower growth in September with the headline PMI declining to 51.1 from 51.6 in August, marking its lowest reading since May 2010, Emirates NBD said in a recent report. This reading was mainly driven by slower growth in new work as well as by weaker external demand for new export orders, a...

October 4th, 2019 | 0 comments Jebel Ali Free Zone has cooperated with Emirates Telecommunications Group Company (Etisalat) to showcase 5G technology to a group of officials and employees. The cutting edge technology was demonstrated onboard through an Etisalat-Ericsson co-branded bus for DP World Officials, business leaders, and employees, according to a company state...

October 4th, 2019 | 0 comments The Dubai Financial Market (DFM) closed Thursday’s trading session on a positive note, shrugging off the bearish trend it saw yesterday. The DFM’s general index levelled up 16.84 points, or 0.61%, to 2,761.02 points. Trading volume amounted to 80.04 million shares that were exchanged at a turnover of AED 87.91 million through 1,754 transa...

October 4th, 2019 | 0 comments The Abu Dhabi Securities Exchange (ADX) has closed Thursday’s trading session slightly lower by 0.06% at 5,027.96 points, losing 2.89 points. Trading volume amounted to 41.64 million shares that were exchanged at a turnover of AED 138.64 million through 1,457 transactions. Market capitalisation gained AED 525 million and closed the sessio...

October 4th, 2019 | 0 comments Dubai Investments, listed on the Dubai Financial Market (DFM), announced that it is still in the process to obtain the final licenses from the Securities Commodities Authority (SCA) to establish a real estate fund valued at AED 2 billion, according to a bourse filing. In April, managing director and CEO of Dubai Investments Khalid bin Kal...

October 4th, 2019 | 0 comments The Abu Dhabi Securities Exchange (ADX) announced the listing of Abu Dhabi Global Medium Term Note Programme at a value of $10 billion in three branches as of Sunday, 6 October 2019. All heads of departments in the exchange shall apply this resolution in their respective fields, the ADX said in a statement on Thursday. This resolution sha...

October 4th, 2019 | 0 comments The UAE has come in the first place across the Middle East region while ranking the fourth globally in launching the 5G network, the Global Connectivity Index (GCI) showed based on Carphone Warehouse. Globally, the UAE ranked the third in the GCI’s index that measures the Total Connectivity Rating (Most Connected Countries) through four p...

October 4th, 2019 | 0 comments A security source said that the statement of the National Council for Human Rights (NCHR) relied on information from unreliable sources. Such information aims at creating a state of confusion and tension in the Egyptian street, the source said. He added that all cases of detentions that occurred during last days were in accordance with th...
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