Middle Easte Business news

Business

Meeting once every month, an Abu Dhabi-based group, Blank Canvas, is promoting the concept of community art by bringing residents from diverse backgrounds together to showcase their creative talents, with the artworks created at the events going towards charitable causes. The initiative was started by Palestinian-Lebanese sisters Tanya and Christina Awad, who wanted to create a place where people could artistically express themselves along with other likeminded individuals. The monthly…
02.24 / 23:43
en.arabstoday.net
Asian markets slipped in muted trading Friday amid worries over U.S. trade policies that may affect regional economies. A stronger yen weighed on Japan’s exporters. Japan’s benchmark Nikkei 225 edged… Read more » The post Asian Stocks Fall Amid President Trump Trade Policy Fears appeared first on Hamodia. In related news: Asian Shares Advance, Japan Slips as PM Abe-President Trump Meeting Looms Asian Stocks Fall in Thin Trading After Wall Street’s Slide…
02.24 / 23:00
hamodia.com
Shuttle ASA plans to offer transatlantic flights on 10 new routes between the United States and Europe with tickets starting at $65 one way, putting pressure on U.S. and European… Read more » The post Norwegian Air to Offer U.S.-Europe Fares Starting at $65 One Way appeared first on Hamodia. In related news: Hudson Valley Airport to Offer Low-Cost Europe Flights Norwegian Air Gets OK for U.S. Flights, Despite Opposition from Rivals Norwegian Air Shuttle Grounds Boeing 787…
02.24 / 23:00
hamodia.com
Americans bought more new homes in January after a steep fall-off the previous month, a sign the housing market is healthy despite higher mortgage rates. New-home sales rose 3.7 percent… Read more » The post U.S. New-Home Sales Rise in Sign of Housing-Market Health appeared first on Hamodia. In related news: Existing-Home Sales Surge in May, as Housing Market Heats Up U.S. Home Sales Reach Strongest Pace in Nearly a Decade US Home Sales Jump; Key Mortgage Rate Hits Low for…
02.24 / 23:00
hamodia.com
J.C. Penney is joining its department-store rivals in pruning its store numbers in an era of online shopping. Penney said Friday that it will close 130 to 140 stores as… Read more » The post J.C. Penney to Shut 130-140 Stores, Offer Early Retirements appeared first on Hamodia. In related news: J.C. Penney Narrows Loss, Beats Expectations J.C. Penney to Cut 2,000 Jobs, Close 33 Stores J.C. Penney Shares Rise on Analyst Report About Prospect of Stores Closing JC Penney Ekes…
02.24 / 23:00
hamodia.com
U.S. stocks are declining Friday morning as investors again look for safer places to put their money. Business-technology company Hewlett Packard Enterprises is falling after it announced weak sales. Bond… Read more » The post U.S. Stocks Dip as Banks and Energy Companies Fall appeared first on Hamodia. In related news: Energy Companies Pull US Stocks Lower As Oil Prices Fall Stocks Shed Early Gain as Energy And Consumer Companies Fall U.S. Stocks Tumble as Energy Companies…
02.24 / 23:00
hamodia.com
Abu Dhabi Ship Building Company, ADSB, and Lockheed Martin today announced the signing of a Memorandum of Understanding, MoU, to cooperate in providing support services for UAE Military maritime assets. The MoU was signed by Dr. Khaled Al Mazrouei, CEO of Abu Dhabi Ship Building, and Joe North, Vice President of Littoral Ship and Systems at Lockheed Martin Rotary and Mission Systems, on the sidelines of NAVDEX. The agreement brings together both parties to offer maintenance, repair and…
02.24 / 22:30
en.arabstoday.net
Abu Dhabi Commercial Bank, ADCB, was honoured yesterday with the Mohammed bin Rashid Al Maktoum Business Innovation Award and the Outstanding Award for Business Innovation. The awards were made in recognition of the bank's contributions in the field of business innovation, resulting in a superior customer experience. The award ceremony was held at the Madinat Jumeirah Arena in Dubai and was attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and…
02.24 / 21:47
en.arabstoday.net
The Department of Oil Affairs in the Government of Dubai said it has notified its customers that the official price of Dubai crude oil for delivery next May will be US$0.30 less than the average daily settlement price of the Oman Crude Oil Financial Contract in Dubai Mercantile Exchange contracts traded over the next month. Abdullah Abdul Karim, Director-General, told WAM that the department sets the price of Dubai crude oil in the markets in parallel with Oman oil prices, which reinforces …
02.24 / 21:47
en.arabstoday.net
Member of the European Parliament (MEP) Gilles Pargneaux has stressed the need to maintain healthy relations between Morocco and the European Union (EU). “We need to evaluate our partnership with Morocco by adopting a global viewpoint,” said the French MEP and Chairman of the EU-Morocco friendship group in a letter to the European Union High Representative for Foreign Affairs and Security Policy Federica Mogherini. The letter comes following Mogherini’s December ruling to invalidate all EU…
02.24 / 21:17
en.arabstoday.net
The Abu Dhabi National Oil Company, ADNOC, has signed an agreement with Vitol, the world’s largest independent energy trader, for the sale of up to 528,000 tonnes per year of LPG over the next 10 years. The long-term agreement, backdated to January 1st, 2017, and which will expire on the 31st of December 2026, was signed on the side-lines of International Petroleum Week, currently taking place in London, by Abdulla Salem Al Dhaheri, ADNOC Sales and Marketing Director, and Russell Hardy, a m…
02.24 / 21:17
en.arabstoday.net
Borse Dubai and Nasdaq announced yesterday the signing of a new agreement to bolster the technological infrastructure of Dubai’s stock exchanges, Dubai Financial Market, DFM, and Nasdaq Dubai, and further improve post-trade practices. Under the agreement with Borse Dubai, the parent company of DFM, Nasdaq will deliver a new INET-powered, multi-asset trading technology engine, the Nasdaq Matching Engine, a state-of-the-art cash equities clearing module, Nasdaq Packaged Clearing, and enable a…
02.24 / 21:02
en.arabstoday.net
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Iraq is working to regulate the activities of private security companies and rein in the chaotic circulation and use of weapons. On Feb. 21, a group of armed tribesmen …
02.24 / 17:41
iraq-businessnews.com
According to a report from Amnesty International, Iraqi government forces, paramilitary militias and the armed group Islamic State (IS) committed war crimes, other violations of international humanitarian law and gross human rights abuses in the internal armed conflict. IS fighters carried out execution-style killings targeting opponents and civilians fleeing IS-held territory, raped and otherwise tortured captives, …
02.24 / 17:41
iraq-businessnews.com
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Wednesday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Coalition military forces conducted 24 strikes consisting of 32 […
02.24 / 17:41
iraq-businessnews.com
China has overtaken the United States to become Germany's most important trading partner last year, according to data from the Federal Statistics Office (Destatis) released on Friday. Data showed that goods with a value of 170 billion euros (about 180.3 billion U.S. dollars) were traded between China and Germany in 2016. France was the second most important trade partner with total trade with Germany valued at 167 billion euros in the same year. The United States was relegated to third…
02.24 / 17:23
en.arabstoday.net
As per the directives of Deputy Ruler of Dubai H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum to improve the Financial Audit Department’s (FAD) operational processes and enhance efficiency, the department has signed a co-operation agreement with Morgan International to help its Emirati employees prepare for the Certified Public Accountant (CPA) exam. The move is part of the department’s efforts to implement programmes to realise the leadership’s objective of enhancing the effic…
02.24 / 16:53
en.arabstoday.net
Thirty one new arms deals worth over AED4 billion were announced on the third day of the International Defence Exhibition and Conference, IDEX 2017, bringing the total transactions over the three days to AED15.41 billion. Brigadier-General Rashid Mohammed Al Shamsi, Official Spokesperson of IDEX 2017, announced at a daily press briefing that 19 of the deals were sealed with national companies and remaining 12 with international companies. Naval Staff Colonel Fahed Nasser Al Thehli,…
02.24 / 16:24
en.arabstoday.net
World equity markets were under pressure Friday as analysts ran out of ways to justify Donald Trump inspired stock valuations, but some said the party may not be completely…
02.24 / 16:20
naharnet.com
Sumptuous development: Dhofar Tourism Co plans mixed-use residential, tourism and leisure scheme Conrad Prabhu – MUSCAT, FEB 24 – Dhofar... The post Mirbat Beach Project named Oman’s latest Integrated Tourism Complex appeared first on Oman O…
02.24 / 15:41
omanobserver.om